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NEW YORK (Bloomberg) — Bermuda-based Tyco International Ltd., the conglomerate splitting into three companies, said William Lytton will retire as general counsel and be replaced by Judith Reinsdorf, who returns to Tyco after more than two years at me...

NEW YORK (Reuters) — The National Association of Insurance Commissioners said yesterday it is considering how several states could set up a fund to pay the costs of hurricanes and catastrophes.Such a fund might prove valuable for Gulf Coast states, w...

Fourth-quarter income of $10 million was reported last night by RAM Holdings Ltd., raising its 2006 year total net income to $41.1 million compared to $19.6 million in 2005. The results are so good that even chief executive officer Vernon Endo is not...

Directors of LOM (Holdings) Limited have authorised a share buy-back of up to $1 million. In an announcement through the Bermuda Stock Exchange, LOM has announced it intends to acquire its listed securities pursuant to a securities repurchase program...

An upward movement of 39.97 points lifted the Royal Gazette / Bermuda Stock Exchange back above 5,000 points to end the day at 5.026.33, up 0.8 percent. The most activity was in shares of Butterfield Bank which improved in value by 75 cents to $58, a...

Fourth-quarter income of $10 million was reported last night by RAM Holdings Ltd., raising its 2006 year total net income to $41.1 million compared to $19.6 million in 2005. The results are so good that even chief executive officer Vernon Endo is not...

An upward movement of 39.97 points lifted the Royal Gazette / Bermuda Stock Exchange back above 5,000 points to end the day at 5.026.33, up 0.8 percent. The most activity was in shares of Butterfield Bank which improved in value by 75 cents to $58, a...

Bermuda-based Scottish Re Group Ltd. last night declared a net operating loss of $228.4 million for the fourth quarter of 2006 and a loss of $368.3 million for the year. “We are disappointed with the results for the quarter, but are pleased with our ...

The vaults within the new Gosling’s “Wine Cellar” will soon be storing precious bottles of wine in temperature-controlled conditions for private individuals who have previously either tried to keep their wine cool at home or stored in a facility over...

Despite no rise in general payroll tax in this year’s Budget, companies face an ever-increasing payroll tax burden because of salary increases and the need to employ more staff, according to business leaders. For some relief comes by taking a portion...