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LONDON (Reuters) Britain saddled banks with an extra £800 million ($1.3 billion) in tax yesterday, drawing protests from the industry as talks between bosses and ministers over bonuses and lending come to a head. Chancellor of the Exchequer (finance ...

Reinsurance broker Guy Carpenter said shareholders funds of Bermuda companies it tracks grew by 4.5 percent during the first nine months of last year. However, during the same period the Guy Carpenter Bermuda Reinsurance Composite experienced a 24 pe...

Butterfield Bank shares were down 3.8 percent yesterday in light trading. The bank was the only company on the Bermuda Stock Exchange’s domestic board to see trading yesterday, and fell five cents to close on $1.25, as 800 shares changed hands. The R...

Bermuda-based RenaissanceRe Holdings Ltd has reported that its fourth-quarter net earnings fell 42 percent after more than $50 million of additional losses from the New Zealand earthquake that struck in September. The company reported net income of $...

XL Group plc reported today that annual net earnings almost tripled in 2010. The Ireland-based company, which has substantial operations in Bermuda, made net income of $585.5 million last year, compared to $206.6 million in 2009. For the fourth quart...