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NEW YORK (Bloomberg) — Aon Corp., the world’s second-largest insurance broker, reported unchanged fourth-quarter profit and said it discovered “incorrect measurement dates” for certain stock options granted in 2000 and earlier.Net income was $224 mil...

Bermuda company Aspen Insurance Holdings Ltd. fourth-quarter profits nearly tripled, as the company announced record full-year earnings of $378.1 million last night. Net income was $119.5 million for the last three months of 2006, or $1.20 per share....

British Airways will begin limiting some of its long haul passengers to a single bag per passenger — and charging them $120 ($236) per flight for every extra piece of luggage each way, the company said this week. But flights to and from Bermuda will ...

Bermuda insurer and reinsurer Quanta Capital Holdings Ltd. has been accused of violating US federal securities laws in a class action lawsuit filed in the US District Court in New York. Two US law firms last night announced their involvement in the a...

LEXINGTON, South Carolina (AP) — A former top executive of a mortgage lending company was sentenced to 20 years in prison after defrauding 8,000 investors out of millions of dollars in one of South Carolina's biggest bankruptcies.Ronald Sheppard, 49,...

The risk of Bermuda having its “life-blood” ocean-bed telecommunications cables severed — leaving the Island’s international businesses cut off from the rest of the world — is one of the considerations driving moves to re-organise the sector. And tha...

FRANKFURT (Bloomberg) — European Central Bank president Jean-Claude Trichet signalled the bank is ready to raise interest rates next month after leaving borrowing costs unchanged yesterday.ECB policy makers, who have raised the benchmark rate six tim...

PORTLAND, Maine (AP) — When Maine’s first Whole Foods Market opens next week, it’ll have something no other Whole Foods store has: live lobsters.The Austin, Texas-based natural foods grocery chain announced last June it would stop selling live lobste...

Luxury hotel group Jumeirah’s chief executive officer Gerald Lawless has given further insight into why Bermuda has been chosen as the ideal base for the Dubai-based company to create a noticeable presence in the Americas. Although Jumeirah already r...

Bermuda insurer Assured Guaranty Ltd. last night reported an 11 percent increase in fourth-quarter earnings — but its full-year earnings were 15 percent down on the previous year. Net income for the last three months of last year was $42.4 million, o...