Bermuda-based financial guarantor Ram Holdings Ltd. yesterday announced it had agreed to pay $156.5 million to walk away from its reinsurance of $10.6 billion worth of assets insured by MBIA.
The comm...
UK Chancellor of the Exchequer Alistair Darling has asked financial services expert Michael Foot to head the UK review of Bermuda and other UK territories that are financial centres.
The review was an...
Business Insurance magazine has selected two Bermuda-based executives on its list of among its list of "Women to Watch".
Bermudian Judy Gonsalves, of Ace Bermuda, where she is senior vice-president, E...
Max Capital Group Ltd. said yesterday it had seen the value of its hedge fund investments fall by $70 million over the the last two months.
The Bermuda-based insurer and reinsurer also said its altern...
Bermuda-based reinsurer PartnerRe yesterday raised its estimate of claims from Hurricane Ike, as the company's boss said it would likely prove to be the third costliest hurricane in history for the in...
Rocketing food prices and continued high electricity costs kept inflation comfortably above five percent in October.
The Consumer Price Index, released yesterday, showed inflation hit 5.6 percent, sli...
The Fairmont Southampton resort has no current plans to close its doors for the winter, management said on Friday.
But the Island's largest hotel is looking at "every option" as it looks to survive wh...
Argus Group Holdings Ltd. yesterday announced a $42 million loss for the six months ended September 30 — the first loss in the group's 26-year history.
The company said last night the results came abo...
Bermuda's functioning as an international financial centre is to be examined on behalf of the British Government.UK Chancellor of the Exchequer, or finance minister, Alistair Darling announced in his ...
Retailers have to go back to basics to give consumers what they want in order to survive the current downturn, says the new chairman of the Bermuda Chamber of Commerce's East End division.
Kirby Brack...
