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Taking advantage of the turmoil caused in the credit market by instability in the US sub-prime mortgage arena, and higher reinsurance premiums through a shift to "upfront premiums" have contributed to a 47 percent increase in the total income of Secu...

TORONTO (Reuters) - The Toronto Stock Exchange’s main index ended lower as investors locked in profits following the market’s recent record-setting pace and ahead of the Bank of Canada’s interest rate decision today.The S&P/TSX composite index closed...

PartnerRe last night reported a 12 percent fall in first-quarter net income compared to 2006 after it sustained losses of $44 million from a winter storm in Europe. The storm, named Kyrill, brought hurricane-force winds and widespread damage to the U...

Declining stock value in the insurance sector and a slight drop in the value of Butterfield Bank shares led the Royal Gazette / Bermuda Stock Exchange to a 21.69 point (0.4 percent) drop to 5164.7. Shares of BF&M lost 50 cents (2.8 percent) to finish...

Kentucky Fried Chicken Bermuda's net profit plunged 23.3 percent last year — even though across-the-counter sales dipped only slightly. In a statement to the Bermuda Stock Exchange yesterday, the company said a rise in electricity bills, wage and sal...

A further donation of $40,000 to The Family Centre from Butterfield Bank has brought the total amount of money given to the centre from the bank since 2003 to more than $189,000. The money will be used to assist with the centre's triage counselling s...

Aspen Insurance Holdings Limited has announced the appointment of Matthew Yeldham as head of international insurance — a new role within the company. Mr. Yeldham is currently deputy chief underwriting officer for the Lloyd's business at Catlin, a pos...

Bermuda-based OneBeacon Insurance Group Ltd. announced that its US headquarters has relocated to Canton, Massachusetts. The 280,000 square-foot facility brings together over 1,000 employees who formerly worked in three distinct Greater Boston locatio...

LOVELAND, Ohio (AP) — Grocery shoppers at the new Kroger store in this eastern Cincinnati suburb are bathed in sunlight from 75 skylights in rows overlooking the aisles.It’s the most noticeable among many features aimed at reducing energy use by the ...

NEW YORK (AP) — The Dow Jones industrial average is now perched below the 13,000 mark, lifted last week by surprisingly strong earnings reports. If this week’s reports follow that trend, investors may send the index hurtling past that milestone.So fa...