Bermuda's insurance industry will face "policy challenges" with the new Obama administration on international business taxation and the management of natural catastrophe risk.
That is the view of Brad...
The value of Bermuda's insurance industry to the US economy means Barack Obama is unlikely to push for legislation that would damage it after he takes office as the US President next January.
That's t...
Bermuda insurer and reinsurer Argo Group made a net third-quarter loss of $8.8 million on hurricane and investment losses, the company announced last night.
Claims resulting from Gustav and Ike are li...
Flagstone Reinsurance Holdings Ltd. last night reported a net loss of $186.5 million for the third quarter, as it revised its expected losses from hurricanes Gustav and Ike upwards by $30 million and ...
XL Capital Ltd. and American International Group were both downgraded by stock analysts on Friday — but the two insurers received very different responses from the market.
Bermuda-based XL was downgra...
Bermuda and Germany have begun talks on a tax information exchange agreement.
A Government statement sent out last night said officials from the Finance Ministry and the Attorney General's Chambers ha...
Mortgage holders received a boost yesterday when both the Bank of Bermuda and Capital G Bank announced a 0.5 percent cut in lending rates.
The banks' action followed yesterday afternoon's move by the ...
Axis Capital chief executive officer John Charman said yesterday than the insurance and reinsurance market faced a better market opportunity now than after the 9/11 terrorist attacks in 2001.
He said ...
Ace Ltd.'s third-quarter profit was down 92 percent to $54 million, the Switzerland-based insurer reported last night.
The company, which has major operations in Bermuda, is one of a minority in the i...
Axis Capital Holdings Ltd. yesterday posted a net loss of $249 million for the third quarter, after taking huge hits from hurricanes Gustav and Ike.
The insurer and reinsurer said the two storms would...
