XL Capital shares soared 27 percent yesterday as the company announced that rating agency AM Best is to maintain its A (excellent) rating on the Bermuda-based insurer's operating companies.
The stock,...
Bermuda-based XL Capital Ltd. expressed disappointment last night after the financial strength rating of the insurer's core operating companies was downgraded to A from A+ by Standard & Poor's.
In a s...
Cable & Wireless has opened a new $10 million data centre that will add badly needed capacity to Bermuda's information technology infrastructure.
C&W Bermuda chief executive officer Gregory Jordan sai...
Bermuda-based financial guarantor Syncora Holdings Ltd. is set to be delisted from the New York Stock Exchange.
Syncora said in a statement released after the markets close on Friday that the NYSE wil...
The planned departure of a group of Bermuda-based corporations to Switzerland has attracted the attention of leading financial newspaper The Wall Street Journal.
In a story published on Friday, under ...
Bermuda insurance groups face a "real risk" of US tax law proposals that would impact them negatively becoming law by as soon as next year.
That is the view of Barclays Capital analysts Jay Gelb and C...
Former Premier Sir John Swan has warned that Bermuda needs to wake up and realise it faces "severe consequences" from the global recession, including more job losses and falling property values.
The b...
Credit Suisse yesterday cut its share price target on Bermuda-based business insurer XL Capital Ltd. to $4 from $21.
The decision came the day after Bloomberg reported that the company was seeking a b...
Former Premier Sir John Swan has warned that Bermuda needs to wake up and realise it faces "severe consequences" from the global recession, including more job losses and falling property values.
The b...
The US Senate yesterday proposed draft legislation aimed at closing a "tax loophole" claimed to give some Bermuda insurance groups an advantage over their US rivals.
The move, which echoes the aims of...
