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Businesses in struggling St George yesterday welcomed news that the Olde Towne will next year play host to 16 cruise ships. And they said that the callers — up from the four ships that visited the port this year — would bring a boost to the local eco...

Arch Capital Group Ltd bettered the forecast of Wall Street analysts, as it posted $247.4 million of net income for the third quarter. The Bermuda insurer and reinsurer’s profit represented an annualised return on average common equity of 15.3 per ce...

Axis Capital’s three businesses all achieved improved results in the third quarter as the Bermuda insurer and reinsurer recorded a double-digit operating return on equity. Operating earnings soared to $161 million compared to $51 million in the same ...

An exploding space rocket cost Validus Holdings $19 million in losses during the third-quarter, but the company still increased its profit to $89.8 million, a rise of about $23 million year-on-year. A SpaceX Falcon-9 rocket that blew up while undergo...

Linda Smith, who for many is “the voice of Belco”, will retire from the company at the end of the year. She has worked for Ascendant Group, the parent company of Belco, for 24 years, mostly in communications and external relations roles. During Hur...

Bank of Butterfield preference shares fell $24.99 to $1,075, on The Royal Gazette/BSX Index. The drop of 2.3 per cent came after 43 shares traded. Butterfield’s common shares on the New York Stock Exchange fell by 24 cents, or 0.94 per cent, to $25.2...

James Fraser is to replace Mark Wilcox as chief accounting officer at RenaissanceRe Holdings. After 13 years with the company, Mr Wilcox is to return to the US to pursue an opportunity outside of RenRe. His successor, Mr Fraser, will take on responsi...

An internship programme for Bermudians has been launched by Aecon Group, a partner in the proposed redevelopment of LF Wade International Airport. As part of the airport redevelopment project, seven internships will be offered to local graduates. The...

Insurance giants Chubb Ltd reported record operating income for the third quarter of $1.356 billion. The figure is equivalent to $2.88 per share and is up by more than 51 per cent from the $897 million, or $2.74 per share, for the same period last ye...

It might sound like heresy — but a public speaking expert said yesterday that public talks should not start with the traditional Bermudian “good morning”. Jan Fraser, owner of Jan Fraser Business Training, said: “It’s a wonderful thing, but when I fi...