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International terrorism could boost Bermuda’s aircraft registry. Julie McLean, a director at law firm Conyers Dill & Pearman and an expert in the area, said that the island’s registration marks were seen as neutral and “low profile”, while also recog...

Hiscox is ready to restructure in response to Britain’s impending departure from the European Union — but Brexit is unlikely to do any harm to Bermuda as an insurance and reinsurance jurisdiction. That is view of Robert Childs, chairman of Hiscox, wh...

Leadership styles and career advice were among the topics discussed by two reinsurance CEOs at a 100 Women in Hedge Funds event in Bermuda. The key speakers were Mary Forrest, president of Munich Re’s North America (life), and Kathleen Faries, chief ...

Contraction. As much as it might seem like a backwards step one sometimes has to contract what they are undertaking in order to create a more focused future. This normally occurs when your life or your business becomes too complicated to maintain you...

Insurer and reinsurer Axis Capital Holdings tonight posted profits of $119 million for the second quarter — up $56 million on the same quarter last year. The net income of $119 million, equivalent to $1.29 per share, compared to $63 million and 63 ce...

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...