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NEW YORK (Reuters) - Billionaire Warren Buffett’s Berkshire Hathaway Inc struck a deal to buy lubricant maker Lubrizol Corp for $9 billion in a bet on industrial growth in emerging economies. The deal is Berkshire’s biggest since it bought Burlington...

NEW YORK (Reuters) - Shares of US insurers fell yesterday after analysts estimated the Japanese earthquake could cost the industry nearly $35 billion, making it one of the most expensive disasters ever. Shares of American International Group, the lar...

Butterfield Bank fell 2.98 percent (four cents) on The Bermuda Stock Exchange (BSX) yesterday. The bank traded 500 shares to close at $1.30. BF&M Ltd, however, rose 0.69 percent (13 cents) to finish the day at $14.73 with 678 shares changing hands. O...

Bermuda-based Aspen Insurance Holdings Ltd has appointed Kerry Calaiaro as senior vice-president, investor relations with immediate effect. Ms Calaiaro will be based in New York and will report to Aspen chief executive officer Chris O’Kane. “This a...

TOKYO (Reuters) - Japan counted the financial cost of its worst catastrophe since World War Two as the economy shuddered, prompting the central bank to line up a record $183 billion in funds yesterday to stabilise the banking system. Markets swooned ...

Montpelier Re Holdings Ltd today preliminary loss estimates totalling $90 million from catastrophes in New Zealand and Australia this year and has started the process of counting the cost of last Friday’s earthquake and tsunami in Japan. The Bermuda-...

NEW YORK(Reuters) - American International Group’s bid to take back $15.7 billion in risky mortgage bonds may inject fresh confidence in a market where investors had started to question a nearly two-year rally. AIG said it made the offer to the Feder...

Two insurance companies set up in Bermuda during February bringing the total number formed this year to three. Signal Risk Insurance Ltd was incorporated by Aon Insurance Manager (Bermuda) Ltd. on February 10. Haverford (Bermuda) Ltd, a 3A class insu...