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Allied World Assurance this evening posted a loss of nearly $41 million in the last quarter of 2016 and in the run-up to its acquisition by a Canadian investment and insurance company. The net loss of $40.9 million, or 47 cents per diluted share, for...

The Royal Gazette/BSX Index today closed unchanged at 2023.60 after a day of no trading. On the New York Stock Exchange, the Bank of Butterfield was up 26 cents, or 0.79 per cent, at $33.15. The BSX Insurance Index ended the day down 2.12 points or 0...

Axis Capital Holdings Ltd shook off the impact of US weather-related catastrophes to post net income of $131 million in the fourth quarter. Operating income totalled $101 million, or $1.14 per share, comfortably beating the 87 cents per share consens...

Corporate services providers may have to up their insurance cover in the wake of new government regulations, an island insurance firm warned yesterday. Freisenbruch-Meyer said that the new rules, which come into effect at the start of October, were d...

Initiative. When we assess potential opportunities and particularly when we are looking to employ new people one of the most critical requirements is for the person to demonstrate initiative. You will note that this word is derived from initiate — or...

Island-based Validus Holdings has splashed out $127.5 million to buy up a US specialist crop insurer. The firm and American Archer Daniels Midland Company have struck a deal for Validus to take over its Crop Risk Services arm, based in Illinois. CRS ...

The Dining Room at Gibbs Hill Lighthouse is to reopen tomorrow after major renovations. The Southampton restaurant, known for its breathtaking views as well as fine dining, has been shut for four months for a revamp. Odilio Angeli, head of Dining Ber...

A new educational award worth a total of $90,000 is to be set up to mark the 40th anniversary of the Association of Bermuda International Companies education scheme. The Abic Educational Awards Alumni Award will be funded by a “give back” campaign wh...

Retail sales hit $96.4 million last November — a 4.9 per cent increase on the $91.9 million for same month in 2015. All sectors in the Retail Sales Index survey experienced increases, with the exception of clothing stores, where sales revenue decline...

It was a quiet day on The Royal Gazette/BSX Index, which was unchanged at 2,023.6. The only stock that traded was Butterfield Bank, with 3,213 shares changing hands, but no change to the closing price of $33.50. On the New York Stock Exchange the ban...