Shares in Bermuda-based Security Capital Assurance Ltd. shot up 30 percent yesterday on hopes that regulators will provide support to the struggling bond insurance industry by attracting new capital.
...
Former Bermuda Police Service Superintendent Sinclair White was yesterday named as the chairman of the Financial Intelligence Agency (FIA), the latest addition to the Island's armoury in the war on mo...
Kenya's Philip Koech smashed the International Race Weekend Half-Marathon record yesterday to complete a double triumph following his 10K win on Saturday.
Koech broke the tape in one hour, four minute...
The shares of Bermuda insurer and reinsurer XL Capital Ltd. plunged to their lowest level in almost eight years on Friday, after shedding 22 percent of their value in the space of two days.
But having...
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...
