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Axis yesterday reported profits of $94 million for the second quarter of the year. Chief executive officer Albert Benchimol said book value, adjusted for dividends, grew 7 per cent over the last year. Mr Benchimol added: “Notwithstanding a more chall...

Validus Holdings Ltd took a $48 million hit from claims related to an oil rig explosion that left four people dead, the Bermuda reinsurer revealed last night. The platform, which was owned by Mexican state-run oil company Pemex, burst into flames in ...

Stormy weather helped push down second-quarter profits for reinsurance firm RenaissanceRe, the firm reported yesterday. Profits for the period fell $55.6 million year on year from $120.8 million to $73.2 million. Operating income for the firm totalle...

Global insurance and reinsurance broker Marsh & McLennan Cos (MMC) is looking for ways to trim its tax bill. In a conference call yesterday, Dan Glaser, the New York-based company’s chief executive officer, said: “The search for tax efficiency for us...

The sprawling former Lantana cottage colony is up for sale with a $16.9 million price tag. The ten-acre Sandys property with views of the Great Sound, the venue for the America’s Cup in 2017, has been closed for decades. It was bought by US business ...

Telecoms firm KeyTech today posted losses of $1.9 million for the year ended in March. The figure was $200,000 up on losses for the previous year. A statement from the firm added: “Net loss for the year from continuing operations was $15.9 million ve...

Retailers are enjoying a uniquely Bermudian fillip this week in the lead up to the Cup Match holiday. What is effectively a four-day holiday for many people is also a much anticipated peak sales time for shopkeepers. The final few days before the hol...

Bermuda-based insurer and reinsurer Hiscox saw half-year pre-tax profits rise by 8.4 per cent, fuelled by strong growth in its retail insurance business. Hiscox reported earnings of £135.1 million ($210.4 million) for the January-through-June period,...

Aspen Insurance Holdings yesterday reported profits of $49 million for the second quarter of the year. The figure is equivalent to 62 cents a share, with a corresponding figure of $1.82 for same period in 2014. Operating income after tax amounted to ...

John Helliwell studies happiness. The University of British Columbia economist helps edit an annual report on global happiness, has written about marriage and happiness, and has studied whether there’s a link between how happy you are and the number ...