Shares of Bermuda-based bond insurer Assured Guaranty plunged more than 13 per cent in New York trading yesterday after Puerto Rico’s Governor described the island’s $72 billion debt as “unpayable”.
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Insurer Argus Group Holdings Ltd posted an annual profit of $16 million — despite taking a hit from hurricanes Fay and Gonzalo.
The earnings for the year through the end of March 2015, which broke dow...
Insurance industry veteran Brian Duperreault says unintentional discrimination is holding back women in the insurance industry.
And the Hamilton Insurance Group chief executive officer added that indu...
Bermuda has been named by the European Union as a country that is not doing enough to crack down on tax avoidance.
The Island was one of 30 countries on the list published by the EU’s executive Commis...
The reinsurance industry is under threat, according to financial newspaper The Economist.
In an article focused on the industry, the UK-based publication said insurers were increasingly bypassing rein...
Former Digicel Bermuda chief executive officer Wayne Caines is consulting for rival telecoms firms Bermuda CableVision, The Royal Gazette has learned.
Mr Caines left his Digicel post last July after s...
Typical households will see their electricity bills rise by 7 per cent or more, if Belco’s application to increase its rates is granted.
Under proposals submitted to the Energy Commission yesterday by...
Belco urgently needs to be allowed to increase its electricity rates in order for Bermuda to continue to enjoy a “first-world” electricity system.
That is the view of Walter Higgins, the utility’s chi...
If Axis and PartnerRe realise their merger plans, the combined company will return $750 million to shareholders following the proposed merger.
That number was detailed in an investor presentation file...
Ascendant Group Ltd’s chairman Peter Durhager yesterday revealed that the firm had commissioned an independent investigation into whether the company’s chief executive officer had a conflict of intere...
