Bermuda-based insurer Axis Capital Holdings Ltd. yesterday announced net income for the fourth quarter of $131 million — a fall of 57 percent compared to the previous year.
But despite losses of aroun...
Bermuda should not be fearful of the new Obama administration in the US despite the threats of tax law changes and protectionism that could be harmful to the Island's economy, according to BIBA chief ...
Realising his campaign vow to "shut down the tax havens" will be on US President Barack Obama's back burner for the foreseeable future, according to CNN political pundit Roland Martin.
Mr. Martin, the...
Bermuda-based Aspen Insurance Holdings Ltd. last night reported an 84-percent slump in fourth-quarter profits as hedge-fund investments slumped.
Aspen posted a net income of $21.8 million, or operatin...
Bermuda-based financial guarantor Primus Guaranty Ltd. yesterday announced a net loss of $918.5 million for the fourth quarter, citing turmoil in the credit markets.
The company, which provides around...
Bermuda-based insurer Axis Capital Holdings Ltd. has had the financial strength and counterparty credit ratings of its operating units raised to A+ by Standard & Poor's as a result of consistently str...
Bermuda-based bond insurer Assured Guaranty Corp. last night announced its business of guranteeing US public finance projects rose by 134 percent in January, compared to the same month a year ago.
Ass...
Bermuda reinsurer PartnerRe last night reported a $95.3 million profit for the fourth quarter and achieved investment gains despite an horrendous three-month period on the global financial markets.
Th...
Financial expert John Mauldin suggests that those looking for an investment opportunity should hang onto their cash for the time being.
The prolific author and investment manager, who was in Bermuda l...
All too often in these difficult times, it seems that companies have bad news to announce. Every day, we hear of falling profits, redundancies and downsizing.
How the bad news is relayed will have a l...
