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Profits fell but core earnings rose for Butterfield Bank in 2012, and that has allowed it to declare a four cent special dividend — the first payment on common shares since dividends were suspended four years ago. The bank’s profit was $25.6 million...

The new chairman of Bermuda-based insurer Hiscox Ltd., Robert Childs, described the company’s 2012 financial results as “a very good year”, which could be a gross understatement after the company reported its profits surged more than 12-fold over 201...

It’s been rumoured for a couple of months now, but according to The Financial Times, it’s a done deal — Goldman Sachs has sold off a 75 percent stake in Bermuda-based Ariel Re. The Wall Street investment bank only bought Ariel’s insurance and reinsur...

NEW YORK (Bloomberg) — American International Group Inc. plans to rebuild life-insurance sales outside the US after divesting operations in Asia and Europe to help repay a taxpayer bailout, chief executive officer Robert Benmosche said. “We’re going ...

Former Mexican President Felipe Calderón will travel to Bermuda this spring to be the keynote speaker at the 2013 Capital G Private Wealth Conference. President Calderón served as the President of Mexico from 2006 to 2012. During his presidency, he ...

Butterfield Bank has repurchased 7.5 million of its own common shares and nearly 4,500 of its preferred shares in the past year plus the month of January. And pleasing for investors, the bank’s shares, which closed at $1.30 yesterday, have risen 31 p...