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NEW YORK (Reuters) - Bermuda-based Signet Jewelers Ltd reported a higher-than-expected holiday quarter profit and said its Kay Jewelers and more upscale Jared chain have continued their streak of sales gains this quarter. But business at its British ...

LONDON (Bloomberg) Lloyd’s of London, the world’s oldest insurance market, said full-year profit fell 44 percent on claims related to catastrophes such as the earthquake in Chile and the Deepwater Horizon oil spill in the Gulf of Mexico. Pretax profi...

Local stocks gained last week in light trading. The Royal Gazette / Bermuda Stock Exchange (BSX) Index gained 15.5 points, or 1.37 percent, to close the week on 1,130.99. The main driver of the rise was the 1.6 percent increase in the share price of ...

Bermuda-based insurer Majestic Capital Ltd and its subsidiaries expects to file for bankruptcy in Bermuda and the US after its proposed merger with private-equity Bayside Capital Partners fell through. Bayside cited a material deterioration in Majest...

Shares of Bermuda-based Omega Insurance shot up 18 percent on Friday, as the insurer confirmed that more than one company has expressed interest in taking it over. Omega received a bid from privately-owned rival Canopius in January and on Friday the ...

The London-based Institute of Risk Management is set to launch a new regional group in Bermuda. The first meeting of the new group will be a breakfast session today entitled “Bringing a risk framework to life”. IRM chairman Alex Hindson, who is curre...

Bermuda-based re/insurer Aspen Insurance Holdings Ltd said yesterday it had no “known exposure” to property damage, business interruption or liability for any nuclear incidents arising from last Friday’s Japanese earthquake. Aspen added that it had s...

Bermuda-based reinsurer Maiden Holdings Ltd said yesterday that it anticipates minimal, if any, losses related to last week’s earthquake and tsunami in Japan, or from this year’s flooding in Australia or last month’s earthquake in New Zealand. Maiden...