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LONDON (Bloomberg) — Shares of Jinhui Shipping & Transport Ltd., a Bermuda-based operator of commodity carriers, rose to a record after Genco Shipping & Trading Ltd. almost doubled its stake in the company to 10.2 percent.The shares climbed 4.9 krone...

MIAMI (AP) — Royal Caribbean Cruises Ltd., the world’s second-largest cruise line, said yesterday its first-quarter profit sank 92 percent from the year-ago period, mainly because of higher cruise operating expenses and its acquisition of Spanish cru...

American Safety Insurance Holdings has improved its profitability by 73 percent year-on-year with first quarter net earnings of $7.09 million. That compares to a $4.12 million profit for the same period in 2006. The company's combined ratio has also ...

Willis Capital Markets has acted as co-lead manager of an offering of $100 million of notes linked to the occurrence of earthquakes in California. The notes, which have been issued by Ajax Re Ltd. as part of a $1 billion shelf program, provide reinsu...

Another record high was set by the Royal Gazette / Bermuda Stock Exchange as it closed at 5,188.66, up 14.12 points (0.27 percent) from Tuesday's previous record high. Stocks valued at $28.5 million changed hands, including nearly half-a-million shar...

For a second consecutive day, The Royal Gazette/Bermuda Stock Exchange reached a record closing high on massive trading volumes. The Index of local company stocks closed up 14.12 points or 0.27 percent to 5,188.66 after shares valued at $28.5 million...

NEW ORLEANS (Bloomberg) — Willis Group Holdings Ltd., the world's third-largest insurance broker, rejected a new form of incentive pay from insurers that first-ranked Marsh & McLennan Cos. and No. 2 Aon Corp. have said they're considering.Willis won'...

NEW YORK (AP) — Stocks jumped sending the Dow Jones industrials past 13,200 for the first time after a strong reading on US factory orders stoked investor optimism about the economy. The Dow gained more than 75 points and secured its second straight ...

Bermuda can double its amount of insurance-related business with Latin American countries within the next two or three years — helping the Island to remain the world’s number one captive domicile. That is the firm belief of Eduardo Fox, of Bermuda la...

Aspen Insurance Holdings has blown analysts’ expectations out of the water after doubling first quarter profits. The company’s results are the most outstanding year-on-year improvement yet reported by a Bermuda insurance and reinsurance company for t...