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Appleby names Bermuda managing partner as incumbent returns to practice

The reason Appleby has suffered more than most is because its partners are unable look up and see there is a problem. Partners take their million a year even though profits from core business segments are significantly down on the boom days. When a business does badly it is usually a reflection on bad management (and in a partnership by the owners) and the owners take a hit on their profits. That is not the case at Appleby.

19-Feb-2012

2:03 pm