XL Capital Ltd. chairman Brian O'Hara will not stand for re-election to the company's board of directors at next month's annual general meeting.
The announcement marks the end of a 23-year association...
Bank of Bermuda chief executive officer Philip Butterfield said yesterday that stress tests on banks that have been requested by the Island's financial regulators are "essential".
The Bermuda Monetary...
Insurer Old Mutual believes its Bermuda life insurance unit can recover to profitability after it cost the group more than half a billion dollars last year.
The London-listed insurance and banking gia...
PartnerRe has a "strong competitive position and solid operating profitability", according to Fitch Ratings, which has affirmed the Bermuda reinsurer's financial strength rating at AA.
In a statement ...
Bermuda is negotiating tax information exchange agreements (TIEAs) with 12 countries in an effort to boost transparency as world leaders look to clamp down on secretive tax havens.
The Island already ...
Staff at the Bermuda offices of American International Group were yesterday told their work would remain unaffected by the turmoil surrounding the New York-based parent company.
George Cubbon, preside...
US Senator Carl Levin's beefed-up bill to clamp down on tax havens could have a significant impact on global trade and tax agreements, Finance Minister Paula Cox said last night.
Sen. Levin's bill, co...
Bermuda insurance companies IPC Holdings Ltd. and Max Capital Group Ltd. are to combine to create Bermuda's sixth largest global underwriter.
The new, Bermuda-based holding company will be called Max ...
The global financial downturn deepened yesterday, as insurance giant American International Group was bailed out for the third time in five months by the US Government after announcing the biggest los...
Hardy Underwriting Bermuda Ltd. intends to start writing business from a unit based on the Island by May this year.
Chief executive officer Barbara Merry told The Royal Gazette that the new Hardy Berm...
