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Chubb Ltd’s second-quarter net income was $726 million, down from $942 million in the same period last year. Earnings per diluted common share were $1.54. Earnings adjusted for investment costs were $2.25 per share. The consensus forecast of analyst...

Bermudian-based reinsurer RenaissanceRe Holdings Ltd saw second-quarter profit rise despite taking a hit of more than $60 million from catastrophe claims. The company posted net income of $136.3 million for the April-through-June period, up from $73....

Olivier Sarkozy has resigned as a director of Butterfield Bank. The move follows Mr Sarkozy’s resignation as head of the financial services group of private-equity form Carlyle Group, which is Butterfield’s largest shareholder. His resignation as a d...

Bermudian-based Validus Holdings’s second-quarter net income was $95 million, up from $65.8 million in the same period last year. Net operating income per diluted common share was 66 cents, missing the 74 cents consensus forecast of analysts tracked...

The Royal Gazette/BSX Index yesterday closed up 4.99 points, or 0.41 per cent, at 1,211.87. The only trading of the day was 200 shares in Somers Ltd, parent company of Bermuda Commercial Bank, which left the company’s price up 75 cents, or 5.7 per ce...

Law firm Conyers Dill & Pearman is to hold an open house for current and prospective law students. The event will take place at the firm’s Richmond Road offices, and is designed to promote the profession and let students meet CDP associates and direc...

The Royal Gazette/BSX Index edged down to 1,202.38 last week, a fall of 0.41 points, or 0.03 per cent. Ascendant Group shares were up for the week at $5.45. A total of 4,326 shares were traded with the price increasing 10 cents, or 1.9 per cent. KeyT...

The Bermuda network of an alternative investment organisation has set up a new executive committee. Craig Bridgewater, managing director at professional-service firm KPMG, has become the first chairman of the island branch of the Alternative Investme...

Human resources manager Bianca Harris has turned her love of baking into a business. Now she is set to launch Sugar Shack Cake & Bake as a full-time operation to supply small bakers and individual customers with baking supplies. Ms Harris, a human re...

A multibillion dollar merger of two freight container companies, resulting in a Bermudian-based holding company, is a clear example of market confidence in Bermuda public companies. That’s the view of Steven Rees Davies, a Bermudian-based partner at ...