The board of takeover target PartnerRe yesterday did a U-turn and admitted an improved bid by Italian investment firm Exor was likely to be a “superior proposal” to its merger plan with Axis Capital.
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Insurance giant Ace yesterday posted operating income of $788 million for the second quarter of the year.
The firm said that was equivalent to $2.40 a share — above the consensus analyst forecast of $...
The America’s Cup is to be shown in China after a ground-breaking deal between event organisers and a Chinese sports channel.
CCTV Sports and Entertainment has acquired exclusive rights to broadcast a...
A management buyout of an arm of top offshore law firm Appleby is to go ahead, the firm has confirmed.
The move means the fiduciary and administration business, which has more than 320 staff, part of ...
Bermuda’s insurance industry has awarded a massive $445,000 in scholarship funds.
The latest round of Bermuda Foundation for Insurance Studies awards to 12 Island students brings the total funding of ...
An international companies umbrella group is to unveil its 38th annual scholarship winners on Wednesday.
Previous winners have lined up to praise the Association of Bermuda International Companies’ (A...
New legislation is set to boost the Island’s attractiveness to outside investment.
The Bermuda Business Development Agency (BDA) said amendments to the Investment Business Act tabled in the House of A...
Financial services holding company Somers Ltd was the biggest loser today on the Bermuda Stock Exchange.
The firm’s shares plunged $4 — a 28.6 per cent fall — to $10 as 2,300 shares traded.
Insurance ...
Italian investment giant Exor today upped the stakes in a poker game for control of Bermuda reinsurer PartnerRe.
Exor has added a $3 per share dividend sweetener to its $137.50 a share bid for control...
A cyber security expert from professional services firm KPMG yesterday warned Island businesses had to prepare for the worst.
Chris Eaton, senior manager and Bermuda group cyber security leader at the...
