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Aspen Insurance Holdings yesterday reported profits of $117.9 million for the final quarter of last year. The figure is equivalent to $1.75 per share and up more than $50 million on the $67.2 million recorded for the same period the year before. Oper...

Reinsurance company Everest Re made profits of $357.3 million in the fourth quarter of last year and beat Wall Street analysts’ estimates by a wide margin. The figure — equal to $8.26 a share — is up on the $340.1 million, or $7.47 per share, for the...

Insurance and reinsurance firm Allied World yesterday posted 2015 fourth-quarter profits of $1.7 million. The figure — equal to two cents a share — is down $128.8 million on the figure recorded for the same period the previous year. The final quarter...

Laura Blee-DeFrias has joined Bermuda Forwarders Ltd as freight services manager with the company’s ocean import team. She has 20 years of experience in the shipping industry, having started at Bermuda Ocean Shipping Services in 1995 and became manag...

Fitch expects more mergers and takeovers to come in the Bermuda reinsurance market amid tough market conditions. However, the credit rating agency sees the equivalency with Solvency II, the new European Union insurance regulations, as boosting the Is...

Safety advisers in the United States are probing dozens of fires involving hoverboards, the Office of Consumer Affairs has warned. According to the Consumer Product Safety Commission in the US, many of these took place indoors and could have resulted...

The newly published airport development agreement means the Bermuda Government has “put the Island out to any bidder, not even the highest bidder”, according to the Shadow Minister of Transport. Lawrence Scott warned the 33-page document’s lack of sp...

Bermuda Motors has appointed Richard Lang as workshop manager. Mr Lang, 30, will be responsible for managing the company’s busy service and repair operations. Mr Lang has more than ten years’ experience working at the UK’s largest independent Kia de...

A total of five Bermuda professionals have won qualifications from the Institute of Directors (IoD). Sara Schroter Ross, 33, legal counsel at the Bermuda Commercial Bank, achieved a distinction in the diploma in company direction — the first Bermudia...

An office supplies company is publicising its new catalogue with a van covered in Post-it notes. The AF Smith van will tour the city and surrounding districts until the end of the week to hand out catalogues and promote the firm. And Sophia Araujo, d...

A PR firm is to deliver a talk on effective use of social media and digital channels to boost marketing. Liz Tee, managing director of Troncossi Public Relations, said: “Audience behaviour is shifting and affecting successful marketing tactics. “Ther...

Top accountant Jason Carne is to retire as a managing director at professional services firm KPMG. The company also announced five promotions to its leadership team on the Island — including the first actuary to become a managing director in the firm...