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NEW YORK (Bloomberg) — Lazard Ltd, the investment bank domiciled in Bermuda, said fourth-quarter profit fell 8.1 per cent as currency fluctuations and market turmoil pushed asset-management and financial-advisory revenue lower. Earnings beat analysts...

RenaissanceRe Holdings Ltd made a profit of $92.2 million in the fourth quarter, bringing the total net income available to common shareholders for the year to $408.8 million. Year-on-year the quarterly figure was down from $170.8 million, and the fu...

Insurance and reinsurance company Axis Capital Holdings yesterday posted profits of $135 million for the final quarter of last year. The figure was down $29 million on the same time period in 2014. For the full year, the firm made a profit of $602 mi...

A major sector of the banking industry in the Caymans could be wiped out by tough regulations designed to fight money-laundering. The number of Class B banks registered with the islands’ regulator has fallen by 14 to 184 over the last year alone. Cla...

The Royal Gazette/BSX closed down 17.65 points (1.43 per cent) at 1,218.71. A total of 16,100 shares worth $72,642 traded. The Bank of Butterfield was down four cents (2.2 per cent) at $1.76 after 13,200 shares moved. Insurance firm BF&M was unchange...

NEW YORK (Bloomberg) — Carl Icahn, the activist investor calling for a break-up of American International Group, said the alternative plan presented last week by the insurer’s chief executive officer was inadequate and that he’s assembling a slate of...

An XL Group subsidiary has bought two US insurance companies. XL Reinsurance America, an indirect wholly-owned arm of the Ireland-based firm, has acquired Allied International Holdings and THE Insurance. Allied is the holding company of Allied Specia...

A Bermuda company has thrown its weight behind a drive to attract young people into the industry. Hamilton Insurance Group has signed up for the international Insurance Careers Month, launched yesterday in the UK, US and Bermuda. The aim of the event...

Achievement. How do you measure your achievements? Have you set out your goals so that you can measure success as you move forward with your business and personal goals? Do you take the time each week or at least each month to determine how you are ...

Bermuda-based drinks giant Bacardi has demanded documents from US President Barack Obama in a row over a US decision to grant a licence to the Cuban government to use a trade name. Bacardi has filed a freedom of information request asking for documen...