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ZURICH (Bloomberg) Zurich Financial Services AG, Baloise Holding AG and other Swiss insurers will compensate for slowing growth in their home market by making acquisitions, according to Fitch Ratings. Low interest rates and slowing economic growth ar...

NEW YORK (Bloomberg) Warren Buffett may have earned $1.4 billion in one day on his $5 billion investment in Bank of America Corp. The preferred shares Buffett’s Berkshire Hathaway Inc. bought are worth about $3.53 billion, Phil Jacoby, chief investme...

Hardy Underwriting Bermuda Ltd yesterday announced a half-year post-tax loss of $17.1 million (about $28 million) after claims poured in from what the company described as “the most extraordinary run of catastrophe losses that the market has ever see...

Utility company Ascendant Group’s shares rose 1.8 percent (25 cents) to $14.25 on the Bermuda Stock Exchange yesterday. Butterfield Bank again traded, closing once again unchanged at $1.50, as 300 shares changed hands. Ten of the bank’s preference sh...

Bermuda-based life reinsurer Scottish Re Group Ltd yesterday announced the completion of its merger with a newly formed subsidiary of its controlling shareholders. SRGL Acquisition, LDC an affiliate of private-equity group Cerberus Capital Management...

Lancashire Holdings president Neil McConachie has spent more than more than £230,000 (around $380,000) buying shares of his own company. Mr McConachie’s purchase of 37,500 shares at an a price of £6.24 per share brings his holding in the FTSE-250 li...