Thousands of pension contributors across Bermuda have been disturbed to see that the value of their retirement funds diminished during the first six months of the year.
The US property slump, sub-prim...
Fulcrum Group and Butterfield Fund Services yesterday announced they plan to join forces to create a Bermuda-based company expected to be in the top 10 alternative asset fund administration companies ...
Bermuda-based insurer XL Capital Ltd. last night announced it had raised $2.875 billion in capital and closed the $1.9 billion deal that will eliminate almost all of its exposure to bond insurer Synco...
Butterfield Bank yesterday announced a loss of $16.5 million for the second quarter, resulting from combined losses totalling $50 million on a write-down in the value of mortgage-backed investments an...
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 ...
Bermuda-based Aspen Insurance Holdings Ltd. reported a 10.6-percent rise in net income for the second quarter, aided by low catastrophe losses.
The insurer and reinsurer said on Wednesday evening that...
XL Capital Ltd. chief executive officer Michael McGavick has shown his confidence in his company bouncing back from its recent hard times by spending $2 million of his own money on the Bermuda-based i...
Forty-seven employees face losing their jobs at XL Capital Ltd.'s Bermuda headquarters, as the company aims to trim its operating costs in difficult insurance market conditions.
XL's chief executive o...
There was no word from XL Capital Ltd. yesterday on how many jobs will be lost at the company's global headquarters as the company tries to slash operating costs.
On Monday evening, the global commerc...
Credit ratings agencies gave a less than enthusiastic welcome to XL Capital Ltd.'s plan to extricate itself from potential future costs relating to affiliate Security Capital Assurance Ltd. (SCA).
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