Two ratings agencies have downgraded reinsurance firm PartnerRe after Italian investment giant Exor won control of the company.
Standard & Poor (S&P) changed its outlook on PartnerRe from stable to ne...
Insurance and reinsurance firm Argo Group yesterday reported $27.9 million in profits for the second quarter of the year.
The net income was nearly 28 per cent down on the $38.6 million recorded for t...
Bermuda CableVision chief Terry Roberson has left the firm.
The move comes only weeks after the cable TV company joined forces with internet provider Logic under the KeyTech banner.
Now KeyTech CEO Ll...
Bermuda insurance firm Arch will not make a bid for rival Axis after it failed in a merger bid with PartnerRe, according to a report out of the UK.
London-based trade publication The Insurance Insider...
Bermuda is on track to qualify under new EU rules governing third country rights for Island-based alternative fund managers.
The Island is due to amend the Investment Business Act to make it eligible ...
Insurance and reinsurance firm Endurance yesterday posted a $1 million rise in profits for the second quarter of the year.
The firm recorded net income of $76 million, equal to $1.68 per common share,...
Insurance firm XL Catlin yesterday revealed operating earnings of nearly $246 million for the second quarter of the year.
The results are the first since XL and Catlin combined under the XL Group bann...
Axis Capital failed in its bid to merge with rival PartnerRe after Italian investment firm Exor won a bidding war — but the firm is $315 million better off as a result of a massive break fee.
The firm...
Two more proxy advisory firms have recommended PartnerRe shareholders to vote against a merger with Axis Capital.
Proxy Mosaic said that a rival all-cash $6.8 billion bid by Italian investment firm Ex...
Former HSBC chief financial officer Michael Schrum has jumped ship to Butterfield Bank.
Mr Schrum will become group chief financial officer at Butterfield at the end of next month.
Butterfield chairma...
