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RAM Holdings' chief financial officer Rick Lutenski has decided to resign to pursue another employment opportunity. His resignation is effective from September 29. Commenting on Lutenski's departure, Vernon Endo, RAM's president and chief executive o...

BEIJING (Bloomberg) — China Life Insurance Company, the world's biggest insurer by market value, rose to a record after reporting first-half profit that beat analyst estimates by 40 percent. The 5.7 percent gain in China Life's Hong Kong shares broug...

Bermuda's Colonial recently put all of the lessons of Hurricane Ivan (2004) to good use in preparing a response in readiness for a possible strike from Hurricane Dean in The Cayman Islands. Colonial operates British Caymanian Insurance out of Grand C...

The Ohio Attorney General's Office is suing insurance broker Marsh & McLennan Companies Inc. and four large insurance companies for allegedly violating state antitrust laws. Attorney General Marc Dann's office said yesterday a suit was filed against ...

Seadrill is a Bermuda-based international offshore drilling contractor Seadrill has recorded second quarter net income of $42 million, equal to earnings of $0.11 per share. The company has 37 drilling units, out of which 15 are under construction and...

Esso has delayed the reopening of its City gas station tomorrow morning. The Par-La-Ville/Richmond Road station had been due to open its doors to the public again yesterday, but had to put that back two days due to unforseen circumstances. The statio...

BELCO Holdings lit up a quiet day's trading on the Bermuda Stock Exchange Index (BSX) yesterday. Their share value rose $1.45 (7.2 percent) up to $21.50, with 1,000 shares being traded. The only other company to experience a change in share price was...

LOM Holdings has repurchased and cancelled a further 4,500 shares at a price of $3.70 per share on the Bermuda Stock Exchange. The move was made was on August 21 following the company's initial repurchase and cancellation of 10,000 shares.