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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 ...

PartnerRe last night reported a net loss of $103.1 million as a fall in the value of its investments took its toll. The Bermuda reinsurer said operating earnings were $112.5 million, or $2.35 per share, but these were offset by realised and unrealise...

Bermuda-based White Mountains Insurance Group has struck a $2.23 billion deal to sell its Sirius reinsurance arm to a Chinese investment firm. Sirius, based in Stockholm, Sweden, has offices in several countries, including Bermuda. The deal will see ...

Bermuda-based Blue Capital Reinsurance Holdings posted a $5.5 million profit in the second quarter. The figure broke down to 63 cents per share. The firm ended June with a book value per share of $20.59 — a 3 per cent increase for the quarter and a 6...