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The holding company for two Bermuda firms is to discontinue in Bermuda and base itself in Switzerland. Canopius Holdings Ltd announced it would make the move in a statutory notice in The Royal Gazette this week. But Stephen Hartwig, CEO of Canopius i...

Kitson Real Estate is feeling the benefit of moving to a prime street level location in the heart of Hamilton. A vacant shop unit at the entrance to the Windsor Place shopping precinct, on Queen Street, has been transformed into a walk-in real estate...

Mirroring the fragile but improving outlook for retail sales in Bermuda, there has been an uptick in purchases of kitchen items and entire kitchen suites at Baptiste Limited in Warwick. The home improvements outlet on Khyber Pass has now recruited Su...

A blitz on the use of tax havens is to be launched by the Australian government. Joe Hockey, the Liberal party treasurer in the ruling coalition government, pledged to bring new legislation to go after companies that use offshore jurisdictions to cut...

The president and CEO of Blue Capital Management has quit in the wake of the merger between Montpelier Re and Endurance. Blue Capital Management, now part of Endurance, said that William Pollett had resigned. Mr Pollett, who was also treasurer and co...

NEW YORK (Bloomberg) — American International Group said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the aeroplane-leasing business. The sale of 10.7 million shares ends...

Small businesses need a bigger break on tax, an entrepreneur said yesterday. And Art Riviere, who owns the Bull’s Head Car Wash, called for a sliding rate on taxes to reflect reduced volumes of business. Mr Riviere, who has run the city car wash for ...

NEW YORK (Bloomberg) — Insurance claims filed by US farmers for crops they couldn’t plant have jumped 48 per cent this year, government data show, the latest indication of how adverse weather is curbing production of corn and other crops. Total claim...

Bermuda’s reinsurers may face huge payouts in the wake of a massive chemical explosion in a Chinese port that claimed more than 100 lives. Ratings agency Fitch estimated that losses from the Tianjin event could hit $1.5 billion. Leila Madeiros, senio...

The Bermuda Government pulled in $8.4 million more in revenue in the first quarter of this financial year than the same period last year. The first quarter figures released today showed that income totalled $223.2 million — a 3.9 per cent increase on...