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The Lloyd’s of London insurance market saw its pre-tax first-half profit decline as falling bond prices hit investment returns, offsetting robust trading by its members. In a trading statement today, Lloyd’s said that investment returns fell to 247 m...

Validus Holdings is setting up a Swiss underwriting company, transforming the existing operations of Flagstone Reassurance Suisse. The company will be renamed pending regulatory approval and will enhance Validus Re’s global underwriting platform incl...

Heavy rain and strong winds caused ferry and flight cancellations yesterday, along with flooding in several low lying areas. A WestJet flight from Toronto to Bermuda was forced to divert to Boston this afternoon due to the harsh weather on the Island...

Neverendum talk of will they or won’t they hold a referendum on gaming looks like it may soon be coming to an end. Maybe. We are told that there will be a vote early next year before the next Budget. However, this assurance comes after we were first...

The Hamilton Bus Terminal’s ticket office has reopened two weeks after it was closed due to “unpleasant fumes”. However, despite a thorough investigation, the source of the problematic fumes has not been identified. A Department of Public Transportat...

International sailing umpire/judge Peter Shrubb has hailed the 34th America’s Cup as the “most exciting” — even though the team he backed came out on the losing end. Led by Australian skipper Jimmy Spithill, Oracle Team USA erased a seemingly insurmo...

I’ve had an inbox full of Holy Crap e-mails this week and it’s been great to get your feedback. It’s amazing how much more fun Chia seed is when you give it a funny name and stuff it in a cookie. All the positivity has given me a boost; that and the...

A clutch of Louis Vuitton handbags will soon be a financial lifesaver for cash-strapped fashionistas. For gold-buying firm Gold Standard is to expand its business — offering short term loans against designer gear, high-end watches and iPads. Gold Sta...

Members of a prestigious US society are on the Island to plan their first ever meeting outside of America. The General Society of Colonial Wars wants to hold their meeting in Bermuda in 2015, which would bring hundreds of visitors to the Island, givi...