The global expansion of Bermuda-based Flagstone Reinsurance Holdings Ltd. continued yesterday when the 'Class of 2005' reinsurer agreed to buy a stake of up to 29.9 percent in Cyprus-based Alliance In...
Butterfield Bank announced first-quarter earnings of $36.3 million on Friday — an increase of 1.8 percent compared to the same period last year.
Alan Thompson, the Bank's president and chief executive...
Insurance giant American International Group (AIG) has announced funding for environmentally friendly projects that would offset the equivalent of all the greenhouse gases the company produced in 2006...
Bermuda-based Arch Capital Group Ltd. yesterday reported first-quarter earnings of $189.4 million as underwriting income fell by more than 20 percent.
Broken down, the profit amounted to $2.78 per sha...
Bermuda reinsurer IPC Holdings yesterday reported net income of $86.8 million for the first quarter, up 13 percent on the same period last year.
The catastrophe coverage specialists' losses in the fir...
Ace USA is offering coverage against political evacuation, kidnap and extortion for multinational companies with employees working in hotspots around the world.
The US subsidiary of Bermuda-headquarte...
XL Capital Ltd. last night reported a first-quarter net income of $211.9 million — down 57 percent on the same three months of last year.
The global business insurer put the $337.8 million decline in ...
The Bermuda-based Ipoc International Growth Fund will today face charges of perverting the course of justice and furnishing false information in a British Virgin Islands (BVI) court.
Inspector Jeffers...
Bermuda reinsurer Platinum Underwriters Holdings Ltd. yesterday reported a 44-percent rise in net income for the first quarter to $105.2 million.
Net investment income totalled $49.1 million and, alth...
The balance sheets of Bermuda's insurance companies are "in the best shape in years", according to a special report by credit rating agency AM Best.
A lack of catastrophes and solid investment returns...
