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Be prepared for a period of stagflation in the US, a Wall Street veteran warned an audience of asset management professionals in Southampton yesterday. Joesph McAlinden said inflationary pressures in the US are building up and this is likely to lead ...

Butterfield Bank shares slipped 0.2 per cent today, as the bank dominated trading on the Bermuda Stock Exchange. The bank closed at $25.10, down 5 cents, as 25,930 shares traded, the day after it announced a $24 million third-quarter profit. Butterfi...

XL Group Ltd announced a string of senior role changes in connection with what the insurer called a “planned realignment” of its property and casualty operating model, all of which will be effective January 1, 2017. Paul Brand, currently the chief un...

NEW YORK (Bloomberg) — Mitsui & Co, Japan’s second-biggest trading house, agreed to purchase a 15 per cent stake in New Ocean Capital, the asset manager that was founded by XL Group Ltd and Stone Point Capital to make insurance-related bets. Mitsui a...

Market stall holders are to get a lesson in how to inject some New York pizazz into their businesses. Bermuda Economic Development Corporation staff Raymond Lambert and William Spriggs aim to pass on the lessons learnt at an international conference ...

Motive. Before you can make progress and move ahead you need to have a motive. Your motives are what make you act in a certain way or act on certain things. It takes motive to move to gain motivation and then develop the series of steps and actions...

Reinsurance firm Everest yesterday reported after tax operating income of $273.2 million for the third quarter of this year. The figure is equivalent to $6.53 per common share and compared to operating income of $200.2 million or $4.53 per share for ...

The key to riding out a soft market in reinsurance is profitable growth, a top executive at Bermuda-based Qatar Re argues. And Luke Roden, head of ceded reinsurance and global head of catastrophe at Qatar Re, which redomiciled to Bermuda less than a ...

Inflation dropped to 1.3 per cent in August, down 0.3 per cent on the previous month. The consumer price index also decreased from July to August, nudging lower by 0.5 per cent. The all-items index dropped to 101.7, which means a basket of goods that...

Butterfield Bank has reported net income of $24 million in the third-quarter, down $4.8 million year-on-year. However, its core earnings improved to $33.4 million, up $4.1 million. The bank has announced an interim dividend of 10 cents per common sha...