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GULFPORT (AP) — A federal judge yesterday reduced by more than half a jury’s award of $2.5 million in punitive damages against State Farm Fire and Casualty Co. for denying a Mississippi couple’s claim after Hurricane Katrina.US District Judge L.T. Se...

NEW YORK (Reuters) — Diversified Bermuda-based manufacturer Ingersoll-Rand Co. Ltd. posted better-then-expected quarterly earnings yesterday despite falling demand in the US home building industry and higher raw material costs.The company also cheere...

The Bermuda Stock Exchange (BSX) yesterday announced that Global Execution Technologies Limited had applied to voluntarily resign and withdraw its trading membership from the Exchange. Global Execution Technologies was incorporated in Bermuda in July...

The Bermuda Stock Exchange (BSX) yesterday announced that Global Execution Technologies Limited had applied to voluntarily resign and withdraw its trading membership from the Exchange. Global Execution Technologies was incorporated in Bermuda in July...

A Bermuda-based company specialising in buying up troubled insurance companies and selling off their assets and improving efficiencies was last night set to merge with the US company that helped set it up in business in 2001. Castlewood Holdings is t...

LONDON (Reuters) ? Bermuda-based insurer Lancashire Holdings said yesterday that it did not expect to see any major impact on its business from new legislation passed in Florida last week. The law extended hurricane reinsurance coverage assumed by th...

A Bermuda-based company specialising in buying up troubled insurance companies and selling off their assets and improving efficiencies was last night set to merge with the US company that helped set it up in business in 2001. Castlewood Holdings is t...

Bermuda reinsurer Montpelier Re Holdings Ltd. yesterday announced that Raymond Barrette had resigned as a director of the company with immediate effect following his recent election as chairman and CEO of White Mountains Insurance Group Ltd. Anthony ...

DALLAS (Bloomberg) — US Airways Group Inc. withdrew its hostile $9.75 billion offer for bankrupt Delta Air Lines Inc. after creditors endorsed Delta’s plan to stay independent.The risks and time required for a successful merger were too great, Delta’...

Belco shares tumbled seven percent on an otherwise relatively quiet day on the Royal Gazette/ Bermuda Stock Exchange which saw trading of 2,947 shares with a market value of $55,834. At the end of the day the BSX was down 0.64 percent (32.18 points) ...