The Argus Group is taking legal action to try to force the liquidation of two investment funds in an attempt to recover some of its life insurance policyholders' assets that were exposed to the Bernar...
Former RenaissanceRe chief executive officer James Stanard has been fined $100,000 by a New York civil court for his part in an alleged "sham transaction" to smooth company earnings.
Judge Gerard Lync...
Rents being asked for high-end properties have fallen by between 10 and 30 percent, as the number of people seeking such accommodation falls.
Buddy Rego, of Rego Sotheby's International Ltd., said pro...
Bermuda-based hedge fund manager Osmium Capital Management Ltd. has come up with an innovative way of allowing its investors to steer clear of the vagaries of major currency values — by denominating a...
Some of the world's top independent economic analysts believe Bermuda's economy is at growing risk of contracting, largely because of its heavy reliance on the slumping US financial sector.
A report i...
Fitch has affirmed Butterfield Bank's debt ratings and said that the impact of the company's capital support of its money-markets funds has been "manageable".
In commentary issued this week, the credi...
Internet service providers Transact and FKBNet have joined forces in a move they say will improve their services to customers.
The news came in a statement posted on the Transact website by Bill Dicki...
WP Stewart & Co. Ltd. has been granted a primary listing of its common shares on the Bermuda Stock Exchange, the investment company announced yesterday.
The company also said it had applied to the US ...
Bermuda-based PartnerRe expects to write $2.1 billion of non-life premium for the January 1 renewal season, a result which the reinsurer's chief executive officer Patrick Thiele believes indicates a p...
Bermuda-based Max Capital Group Ltd. said its hedge fund investments declined in value by some $233 million in 2008 contributing to a fall in book value for the year of at least 16 percent.
In its yea...
