Keep calm and stick to your investment plan.
That was the advice from two leading Bermuda investment professionals yesterday, as more wild swings on Wall Street ended in a sixth successive down day.
R...
Maintenance costs at LF Wade International Airport are rising “exponentially” and each time a major hurricane hits the Island taxpayers will incur millions of dollars in repair costs, Finance Minister...
LOM Financial Ltd swung to a $225,747 net loss in the first half of the year, as the company made less on broking fees but more on management and advisory fees.
The loss compared to a profit of $90,60...
Enstar Group Ltd’s net income plunged by more than two thirds on investment losses.
The Bermuda-based insurer, which specialises in buying companies or units that have stopped writing new business and...
Assured Guaranty’s shares rose 3.5 per cent yesterday as the Bermuda-based bond insurer’s second-quarter profits beat expectations and fears over its exposure to Puerto Rican debt eased.
Net income fo...
Around 40 people will lose their jobs as the result of Endurance Specialty Holdings’ takeover of Montpelier Reinsurance, according to one source who claimed to have knowledge of the matter.
The source...
PartnerRe has agreed to be bought out by Italian investment firm Exor in a $6.9 billion deal.
The reinsurer has scrapped its previous plan to merge with fellow Bermuda firm Axis Capital.
Exor, which i...
Endurance will keep on nearly half of the worldwide staff of its new acquisition Montpelier Reinsurance, The Royal Gazette has learned.
The deal closed on Endurance’s takeover of its fellow Bermuda-ba...
Validus Holdings Ltd took a $48 million hit from claims related to an oil rig explosion that left four people dead, the Bermuda reinsurer revealed last night.
The platform, which was owned by Mexican ...
Global insurance and reinsurance broker Marsh & McLennan Cos (MMC) is looking for ways to trim its tax bill.
In a conference call yesterday, Dan Glaser, the New York-based company’s chief executive of...
