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Marsh & McLennan Companies (MMC) reported strong revenue growth in the fourth quarter of last year despite the dampening effect of the strong dollar. The New York-based company, whose holdings include insurance broker Marsh and reinsurance broker Guy...

The first group of ten trainees hired by a telecoms firm have started work. The Digicel and BTC trainees will undergo a three-year programme designed to qualify them as technical engineers. Robin Seale, chief executive officer of Digicel and BTC, sai...

Gosling’s appears to have struck gold with its newest product, Goslings Gold Seal rum. It is the Bermuda company’s newest product, and it has been gaining fans, both locally and overseas, since it was rolled out at the start of the year. It is a spir...

The total amount of wages and salaries earned in Bermuda in the third quarter of 2015 rose 3.4 per cent from the same period the year before, government statistics show. More than four-fifths of the increase was attributable to one sector — internati...

Aspen Insurance Holdings yesterday reported profits of $117.9 million for the final quarter of last year. The figure is equivalent to $1.75 per share and up more than $50 million on the $67.2 million recorded for the same period the year before. Oper...

HSBC Bermuda and Clarien both said yesterday they do not charge fees of the type introduced at the start of the year by rival Butterfield Bank. Butterfield imposed a “statement imaging fee” of $2 a month from the start of this year for making persona...

Stevedoring Services Ltd (SSL) will continue to operate the Hamilton docks for the next five years after today signing a new lease with the Corporation of Hamilton. However, the Corporation intends to encourage competition for the right to operate th...

The Royal Gazette/BSX Index today closed down 4.41 points (0.36 per cent) at 1,220.18. The Bank of Butterfield was down one cent (0.6 per cent) at $1.75 after 5,100 shares moved. The bank’s preference shares fell $8 (0.7 per cent) to 1,102 after 148 ...

Reinsurance company Everest Re made profits of $357.3 million in the fourth quarter of last year and beat Wall Street analysts’ estimates by a wide margin. The figure — equal to $8.26 a share — is up on the $340.1 million, or $7.47 per share, for the...

Insurance and reinsurance firm Allied World yesterday posted 2015 fourth-quarter profits of $1.7 million. The figure — equal to two cents a share — is down $128.8 million on the figure recorded for the same period the previous year. The final quarter...