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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...

Markel Corporation yesterday reported profits of $582.8 million last year — up $261 million on the $321.2 million recorded for 2014. Book value per share totalled $561.23 at year end, up 3 per cent on the $543.96 reported at the end of the previous y...

The Royal Gazette/BSX closed down 4.41 points or 0.36 per cent at 1,229.27. The Bank of Butterfield dropped one cent, or 0.56 per cent, to $1.75 after 500 shares sold. Utilities company Ascendant was unchanged at $4.70 after 3,400 shares traded. Berm...

Two new insurers, two brokers and one manager had their registrations confirmed by the Bermuda Monetary Authority during January. CAPRI Re Ltd, a special purpose insurer, and Nomura Americas US Re Ltd, a class D insurer, had their registrations appro...

American President Barack Obama yesterday put forward a plan in his final national budget proposal that would raise the US tax burden on some Bermuda reinsurers. It was the seventh year in succession that President Obama included the measure in his b...

A Bermuda lawyer is to discuss the possible abolition of death taxes at a major international conference tomorrow. Peter Pearman, a director in the private client and trust department of Conyers Dill & Pearman, will examine death taxes being phased o...

Students from Berkeley Institute and CedarBridge Academy are being given help to find placements within the information and communications technology sector. The Technology Leadership Forum has partnered with the Ministry of Education’s Career Pathwa...

Insurance and reinsurance firm Arch Capital yesterday reported profits of $53.1 million for the fourth quarter of last year. The figure is equivalent to 42 cents per share and $156.6 million down on the $209.7 million, or $1.60 per share, logged for ...

Ratings agency Moody’s yesterday downgraded Bermuda Commercial Bank’s long term deposit and issuer ratings. The agency set BCB at Ba3, down from of the previous Ba2 rating, while its stand-alone baseline credit assessment dropped from ba2 to ba3 and ...