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Two professions represented by the Bermuda Medical Council and the Dental Board were involved in legal action for professional misconduct last year, according to the Bermuda Health Council. Another six professions received complaints about profession...

A seminar that provided inside information on how to successfully respond to government tenders was attended by more than 30 people. It featured representatives from the Bermuda Housing Corporation, the Ministry of Public Works, and the Department of...

Bermudian-based Maiden Holdings yesterday reported profits of $24.7 million for the fourth quarter of last year. The reinsurer’s earnings were down $2.8 million on the same period in 2014. The quarterly figures are equal to 32 cents per share, compar...

Bermudian reinsurer Everest Re Group has hired a former Montpelier Re executive to take a senior underwriting role. Christopher Downey will join Everest as deputy chief underwriting officer. At Montpelier Re, he served as senior vice-president and he...

Jersey and Guernsey have had their long-term credit ratings cut by Standard & Poor’s Ratings Service, with both jurisdictions being lowered from AA+ to AA. The changes reflect concerns about increasing regulatory complexity and demands, with the rati...

Markel CatCo has appointed Mark Way as its chief operating officer. Mr Way, who is based in Bermuda, has worked for CatCo Investment Management Ltd since its launch in 2011. The firm was acquired by Markel Corporation in December 2015. CatCo manages...

Fidelis Insurance, a Bermuda start-up, has recruited an executive from Aspen Insurance Holdings to be its group general counsel. Patricia Roufca will work from the Fidelis office in London, which was established in June 2015. At Aspen Insurance, anot...

LONDON (Bloomberg) — China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “...

White Mountains Insurance Group yesterday posted profits of $274 million for the last quarter of 2015. The figure was up by $219.1 million on the $54.9 million recorded for the same quarter the previous year. The book value per share was $699, up 6.8...

Marsh & McLennan Companies (MMC) reported strong revenue growth in the fourth quarter of last year despite the dampening effect of the strong dollar. The New York-based company, whose holdings include insurance broker Marsh and reinsurance broker Guy...

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...