Bermuda reinsurers RenaissanceRe Holdings and PartnerRe were yesterday given a vote of confidence by rating agency AM Best the day after they announced a combined $255 million write-down due to their ...
American International Group Inc. (AIG) has become the latest company to terminate a Bermuda-based sidecar, a trend brought about largely by the lack of catastrophes in the past two years.
AIG's $730 ...
Two Bermuda reinsurers last night announced they would take a combined quarter-billion-dollar hit from their exposure to investments related to the US mortgage crisis.
RenaissanceRe will write down it...
American International Group Inc. (AIG) has become the latest company to terminate a Bermuda-based sidecar, a trend brought about largely by the lack of catastrophes in the past two years.
AIG's $730 ...
The Christmas holiday period did not bring in the business that most Bermuda retailers had hoped for, with the December 18 general election curbing the enthusiasm of some shoppers.
And restaurateurs h...
The capitalisation of Bermuda's reinsurance industry rose more than 20 percent to reach $129 billion by the end of the third quarter of 2007.
That staggering figure is greater than the 2006 gross dome...
Investors who bought shares in Bermuda company Security Capital Assurance Ltd. (SCA) last June have joined two class action complaints, in which XL Insurance Ltd. is named as one of the defendants.
Th...
Leading risk modelling company AIR Worldwide Corporation yesterday suggested that a likely higher incidence of Atlantic storm activity does not necessarily equate to a risk of more hurricanes making l...
Expanding the investment funds sector offers Bermuda the chance of further international business growth without adding substantially to the strain on the Island's stretched infrastructure.
That is th...
A delegation from Bermuda attended a major hedge fund conference in Dubai this week as they looked to forge financial links between the Island and the rapidly developing Middle Eastern financial centr...
