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NEW YORK (Bloomberg) — American International Group posted its second-straight quarterly loss, adding to pressure on chief executive officer Peter Hancock, who lifted the dividend and announced a $5 billion share buyback as he fights demands from act...

Retail sales in Bermuda dropped last November for the first month in a year, the latest Government figures have revealed. Sales were down $3.6 million, or 0.6 per cent, to $85.5 million on the $89.1 million recorded for October. Returning residents d...

The Royal Gazette/BSX closed down 6.47 points, or 0.53 per cent, at 1,218.39. Telecoms firm KeyTech fell 48 cents, or 12.03 per cent, to $3.51 after 1,100 shares traded. The Bank of Butterfield was unchanged at $1.75 after 24,000 shares changed hands...

LONDON (Bloomberg) — China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “...

Endurance Specialty Holdings Ltd has hired a former Chubb executive to head its new Global Risk Solutions business. Michael Chang is set to join the Bermudian insurer and reinsurer on February 22 as chief executive officer of the new business. He wil...

The Bermuda Foundation for Insurance Studies raised $500 for its scholarship programme after hosting after-work cocktails events in Bermuda and London. The funds will go towards the BFIS Alumni Scholarship, which will be awarded later this year. “We ...

John Grisham’s character, Troy Phelan, in The Testament has a dramatic approach to estate planning. Mr Phelan, an elderly businessman with an estate worth billions had three failed marriages together producing eight children. Most of the children r...

AmTrust has expanded its Bermuda office. The American-headquartered insurance, reinsurance and financial management firm has taken over more floor space, revamped the layout and plans to recruit at least another four staff this year. Julian Griffiths...

Insurance and reinsurance giant XL Catlin is to partner with a new US-based managing underwriter which will provide commercial property insurance to small and medium-sized businesses. XL Catlin, now headquartered in Dublin, Ireland, but which still m...

One of the island’s longest-established sports shop businesses has relocated from Washington Mall to a street corner only a few doors away from where it started out in 1966. Four years after it moved to a unit in the new wing of Washington Mall, Inte...