Bermuda-based Flagstone Reinsurance Holdings Ltd. announced yesterday that it will merge its Bermuda and Swiss operating units into one entity known as Flagstone Reassurance Suisse SA.
As a result, fr...
Bermuda is being ruled out as a potential base by many firms forming new captive insurance companies because of high costs associated with the Island.
That is the view of industry consultant Andrew Ba...
Bermuda-based bond reinsurer Ram Holdings Ltd.'s share price shot up 16 percent on Friday after it reported second-quarter profits of $126.3 million.
Net income broke down to $4.63 per share, compared...
Internet travel services provider YTB International, Inc. — which has recruited around 700 members to its multi-level marketing network in Bermuda — reported a second-quarter net loss of nearly $200,0...
Credit rating agency Fitch yesterday gave the thumbs-up to Bermuda's creditworthiness — much to the delight of Finance Minister Paula Cox.
Fitch affirmed Bermuda's issuer default rating at AA+ and its...
Bermuda's creditworthiness has been given a vote of confidence by credit ratings firm Fitch.
The firm yesterday announced it had affirmed the Island's long-term issuer default rating (IDR) at AA+ and ...
Most insurance company bosses believe a focus on enterprise risk management (ERM) can enhance their businesses — but they are struggling to effectively implement it company-wide.
That was one of the f...
Paul Giordano is to step down as chief executive officer of Syncora Holdings Ltd., after the Bermuda-based bond insurer announced a second-quarter loss of $493 million after the markets closed yesterd...
Bermuda-based financial guarantor Assured Guaranty Ltd. last night announced profit of more than half a billion dollars for the second quarter — more than 16 times what the company made in the same pe...
Rising food prices have provided a boost in the midst of a soft market for those Bermuda insurers and reinsurers who offer agricultural insurance.
One such company is PartnerRe, whose chief executive ...
