Bermuda bond reinsurer Ram Holdings Ltd. has agreed to pay almost $100 million to Ambac to terminate its $7.4 billion portfolio of business with the US bond insurer.
Ram said the portfolio included $4...
IPC Holdings said last night that its board of directors had reaffirmed its commitment to a merger agreement with fellow Bermuda re/insurer Max Capital, after considering a rival offer from Validus Ho...
CellularOne is to launch an upgraded wireless service that will allow its subscribers to make video calls and receive high-speed Internet service on their cell phones.
The third-generation (3G) UMTS n...
Shares of Bermuda bond insurer Assured Guaranty shot up by 20 percent on Friday, after the company announced its share of the US public projects business rocketed in the first quarter.
Assured, has be...
Bermuda-based bond reinsurer Ram Holdings Ltd. said it is considering delisting from the Nasdaq Stock Exchange and is not seeking to write any new business in the near term.
The comments came on Frida...
Offshore financial centres are being made scapegoats for the global financial crisis, Shadow Finance Minister Bob Richards said yesterday.
Leaders of the world's major economies meet at the G20 summit...
When leaders of the world's biggest economies meet tomorrow for the G-20 summit in London, offshore financial centres are expected to be in their line of fire.
Several members of the Group of 20 — inc...
Finance Minister Paula Cox feels that Bermuda is "well positioned" on the eve of a meeting of leaders of the world's major economic powers which could result in measures being taken against offshore f...
Eighteen Bermuda reinsurance companies monitored by broker Guy Carpenter suffered a combined loss of $6.6 billion last year.
And shareholders' equity among the same companies in the Guy Carpenter Berm...
Ratings agency Moody's has put Butterfield Bank's bank financial strength and long-term debt ratings on review for possible downgrade.
Moody's said the move was prompted by its earlier decision, annou...
