When Bermuda-based insurance giant XL Capital Ltd. announced just before Cup Match that it was going to axe 47 local jobs, it sent shock waves through the community.
The Island has got used to its int...
Any notions that Bermuda could be somehow immune from the global economic downturn have been well and truly dispelled in recent months.
With inflation having reached an 18-year high this spring, elect...
Three Bermuda-connected insurance companies are named on the "dirty list" of insurers claimed to have written business in Burma in a report published by a human rights group.
The Burma Campaign UK had...
Lloyd's of London insurer Brit Insurance is looking for a more tax-friendly domicile - and Bermuda may be on its list of potential new homes.
The company has appointed accountancy firm Ernst & Young t...
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 ...
