Shares in Bermuda-based Heritage Underwriting rose 13 percent on the London Stock Exchange yesterday after it confirmed a takeover approach from Bermuda insurer Ironshore Inc.
In announcing its 2007 r...
More than 300 delegates will converge on Dubai next week to see what is effectively a Bermuda insurance market roadshow.
The World Insurance Forum (WIF) will open at the Dubai International Financial ...
Bermuda reinsurance industry stalwart Bob Cooney is back in the office he occupied a decade ago — but with a different company and in a very different role.
Mr. Cooney's appointment as managing direct...
The cost of fuel and power rose almost 28 percent in a year, helping to propel the annual inflation rate to 3.9 percent, Government statistics show.
Consumer Price Index (CPI) figures for January show...
Butterfield Bank moved to assure investors in its Carlyle Group private-equity partnership fund that their investments have no exposure to the buyout specialists' mortgage-linked fund that was suspend...
Alea Group Holdings Ltd. announced a loss of $78.2 million for 2007 yesterday — but the boss of the Bermuda reinsurer believes that the results will mark a positive turn-around in the company's fortun...
The International Monetary Fund (IMF) clarified yesterday that it does not classify Bermuda as a "tax haven" after a story published by the Reuters financial news agency yesterday suggested otherwise....
Bermuda will continue to thrive in the global insurance market but it will face significant challenges in the years ahead, according to credit rating agency Fitch Ratings.
In its first commentary spec...
Bermuda-based Scottish Re announced yesterday chief executive officer George Zippel's term of employment will be cut short and will terminate on July 31 this year.
In addition, chief financial officer...
The Bombay Palace restaurant has closed after being bought by its former cashier and will be reborn in May as The Caribbean Queen.
Linna Kumar decided to take the plunge into business ownership when h...
