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XL Group beat analysts’ expectations as the global business insurer posted third-quarter operating income of $122.5 million. The Bermuda company saw catastrophe losses more than triple to $97.4 million, but still managed to generate earnings per shar...

Consignment store Orange Bay Company will tonight throw a party to celebrate the opening of its children’s department — with an emphasis on giving. For Orange Bay has teamed up with Bermuda’s Feed My Lambs Ministry, which helps orphans in Haiti, whic...

Reinsurance firm PartnerRe yesterday unveiled operating earnings of $185 million for the third quarter of the year. That compares to a figure of $211.6 million for the same quarter of 2015. Net income for the quarter totalled $240.3 million — an annu...

A new lower rate for energy bought from solar power users will take effect from the start of next year. The new feed-in tariff of 17.36 cents per kilowatt hour — about half the previous rate — will start next January. But Grant Gibbons, Minister for ...

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...