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Bermudian-based Hiscox reported a 3 per cent increase in first-half profit, as premiums rose and investment performance improved. Profit before tax for the first six months of the year totalled $168 million, up from $162.7 million in the same period ...

Belco has declared its in-principle support for the island’s first Integrated Resource Plan. The IRP, released by the Regulatory Authority of Bermuda on Thursday, outlines the framework for the island’s energy requirements over the next 25 years. Bel...

Axa XL has awarded the 2019 Axa XL Scholarship Mount Saint Agnes Academy Valedictorian Conor Sinclair. The Axa XL Scholarship is a four-year full scholarship open to students who are Bermudian or hold Permanent Resident Certificate status and are wor...

Bermudian-based Arch Capital Group has tapped the capital markets for more than $700 million to bolster the reinsurance of its mortgage insurance business. The group’s third insurance-linked note transaction of the year was the biggest issuance ever ...

Bermudian-based global reinsurer PartnerRe Ltd has reported net income available to common shareholders of $285 million for the second quarter of 2019. The figure includes net realised and unrealised investments gains of $164 million on fixed maturit...

BF&M Ltd has announced the appointment of Lily Chen as group chief financial officer. Before joining BF&M, Ms Chen served as divisional chief financial officer and chief administrative officer of Berkshire Hathaway Group, reinsurance division. In th...

The chief executive of the Regulatory Authority of Bermuda is to play no part in the utilities watchdog’s consideration of the sale of Ascendant Group Ltd, because he has a contingent interest in the company. Denton Williams became chief executive of...

Lancashire Holdings Ltd’s net operating profit declined to $42.9 million in the first half of 2019, down more than $35 million year-on-year. The Bermudian-based re/insurer’s profit after tax for the same period was $39.1 million, down from $75.8 mill...

Bermuda’s electricity sector regulator has opted against natural gas as a principal generation fuel and in favour of an offshore wind farm and more solar power. Details were released yesterday by the Regulatory Authority in the island’s first Integra...

Chubb beat analysts’ forecasts with a $1.2 billion profit in the second quarter of this year, as chairman Evan Greenberg flagged up a hardening pricing environment. The Swiss-based insurer with substantial underwriting operations in Bermuda said net ...

Bermudian reinsurer RenaissanceRe Holdings Ltd reported net income of $367.9 million and trounced the estimates of Wall Street analysts. Profits soared more than 90 per cent from the $191.8 million the company made in the corresponding quarter last y...

British Airways is to appeal against a High Court decision not to grant an injunction against strikes by pilots. The airline said yesterday that it was “very disappointed” with the outcome and planned to keep working to avert industrial action, which...