XL Capital Ltd. said last night it expected to report more than $200 million in losses from its alternative investment portfolio for the fourth quarter. And the company added that its fourth-quarter l...
XL Capital Ltd.'s share price plunged 33 percent yesterday after a report that the Bermuda-based insurance giant is putting itself up for sale.
The Bloomberg business news agency reported that XL, whi...
XL Capital’s shares plunged up to 51 percent today after reports that the Bermuda-based insurance giant is seeking a buyer.
A story on the Bloomberg wire said XL had hired New York bank Goldman Sachs ...
Bermuda-based insurance giant XL Capital Ltd. announced yesterday that it had received English High Court clearance to merge an Irish unit with a London subsidiary.
The portfolio of business of XL Eur...
Bermuda's insurance companies have been finding out how they would fare against their peers in dealing with a worst-case scenario.
Financial regulator the Bermuda Monetary Authority (BMA) has been con...
Bermuda reinsurer Flagstone's ratings with AM Best will remain unchanged after investment losses and its acquisition of Lloyd's managing agency Marlborough Underwriting.
Best said yesterday Flagstone ...
Growing demand for Atelerie's distinctive lines of women's clothing and designer jewellery have led to the boutique expanding and relocating to Hamilton.
The store, launched six months ago by owner He...
Financial services regulator the Bermuda Monetary Authority has received the thumbs-up from the entities and professionals it oversees.
In its first external stakeholder survey, the BMA attracted a st...
Bermuda-based bond reinsurer Ram Holdings Ltd. received a ratings blow as Moody's downgraded its reinsurance unit Ram Re's insurance financial strength rating to Baa3 from A3.
Moody's said the rating ...
Insurer and reinsurer Hiscox said yesterday it would close a Bermuda-based specialist unit that it opened just three months ago, with the loss of two local jobs.
Robert Childs, chief executive officer...
