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Only a considerable natural disaster or a market disruption is likely to stem the proliferation of mergers and acquisitions now impacting the insurance and reinsurance sector. That is the conclusion of a mid-year report from Guy Carpenter & Co, which...

Assured Guaranty’s shares rose 3.5 per cent yesterday as the Bermuda-based bond insurer’s second-quarter profits beat expectations and fears over its exposure to Puerto Rican debt eased. Net income for the April-through-June period totalled $297 mill...

A Bermudian craftsman aims to restart Bermuda’s tradition of boat building. Now Neil Fox — founder of Blackwolff Powerboats in St David’s — is to use this weekend’s Round-the-Island boat race to showcase his skills with a self-designed racing boat an...

Shoppers paid 2.1 per cent more in June for goods and services than a year before. And the Island’s inflation rate went up 0.9 percentage points from the 1.2 per cent measured in May. Health and personal care notched up the largest increase year on y...

Debbie Bean, the new owner of Grannie’s Kitchen, is working to enhance the restaurant’s reputation as the place to go for home cooking and Bermuda fishcakes. The establishment on North Shore Road, in Pembroke, has been operating for many years. Howev...

Reinsurance firm Maiden Holdings has posted profits of $20.5 million for the second quarter of the year. Equivalent to 27 cents per share, the figure is down $5.3 million from the $25.8 million reported for the same period last year (34 cents per sha...

WASHINGTON (Bloomberg) — The US Securities and Exchange Commission has approved a rule requiring companies to reveal the pay gap between the chief executive officer and their typical worker, handing a new weapon to groups protesting rising income ine...

Reinsurance firm Third Point Re saw its profits almost halved in the second quarter of the year compared to the previous year. The company posted profits of $15.7 million for the three months to the end of June — in the same period of 2014, profits a...

Insurance brokerage and risk management firm Integro, which has an office in Bermuda, is to be bought by US private-equity firm Odyssey Investment Partners for an undisclosed sum. The acquisition is expected to be completed in the fourth quarter of t...