Bermuda insurance companies need to be making strategic plans that may involve restructuring in order to ensure that imminent sweeping changes to European Union regulation of the industry do not put t...
Bermuda reinsurer Montpelier Re Holdings Ltd.'s second-quarter net income fell 13 percent to $44.1 million, or 51 cents per share, the company announced yesterday.
But Montpelier's operating income cl...
Bermuda-based money manager WP Stewart & Co. Ltd. lost a quarter of its assets under management during the three-month period from April to June.
The company said assets under management (AUM) at June...
Ace Ltd. is now a Swiss company, the insurance giant confirmed on Friday.
Shareholders approved the company's plans to redomesticate its holding company from the Cayman Islands to Switzerland in Ace L...
Finance Minister Paula Cox has cut her 2008 growth forecast for the Bermuda economy against a backdrop of rising inflation, falling visitor spending and a global economic slowdown.
The Finance Ministr...
Fuel and power costs rose 27.5 percent in the year up to May 2008, but the overall rate of inflation has now dipped below five percent.
Figures released yesterday by the Department of Statistics and s...
Ace Ltd. shareholders have backed the initial part of the insurance giant's plan to redomicile its holding company from the Cayman Islands to Switzerland.
A filing with US financial regulator the Secu...
Ace Ltd. last night lost its place on the S&P 500 index after shareholders voted on its redomestication to Switzerland.
The news that MasterCard would replace the insurance giant in the closely watche...
Cindy Campbell has shifted her focus from Argus clients' physical health to their financial health, with her appointment as chief operating officer of investment company Argus Financial Ltd. (AFL)
And...
The head of a company once responsible for managing millions of dollars of Bermuda Government pension funds has been sentenced to 12 years in jail for fraud.
Mark Lay, of the now-defunct MDL Capital M...
