A special purpose reinsurer run by Bermuda-based Everest Re has smashed its target funding of $250 million by $120 million.
Everest Re said its Mt Logan Re arm had secured additional funding — bringin...
A Bermuda-listed firm has issued $400 million worth of ten-year notes.
The issue was announced by Hong Kong Land Holdings, part of the Bermuda-domiciled Jardine Matheson empire.
The issue will be made...
Butterfield Bank has bought over a multibillion dollar trust and corporate services business in Guernsey — its first buy since the global financial crisis started to bite in 2007.
The Bermuda bank has...
A Bermuda-based company has changed the name of a multi-billion dollar London subsidiary.
Somers Ltd — itself formerly known as Bermuda National Ltd, owner of the Bermuda Commercial Bank — announced i...
A telecoms firm is to bring in a new hi-tech radio system for the Island’s emergency services, its new general manager Brian Gonsalves said yesterday.
East End Telecoms, which already supplies police,...
Insurers paid out $31 billion in catastrophe losses last year — 25 billion below the long-term average losses, the world’s biggest reinsurer revealed yesterday.
Munich Re — which has just launched a $...
Insurance firm Validus has launched a $160 million joint venture called AlphaCat 2014.
The special purpose vehicle will be used to write collateralised reinsurance and retrocessional contracts for the...
Hairdressing veteran Ginny Jessey has cut loose on her own.
The stylist will cut the ribbon on her first salon in her own name tomorrow after 20 years in the Bermuda hairdressing business.
Ms Jessey s...
The former chairman of the one-time biggest banking and financial services group in the world is to become chairman of a new Bermuda-based reinsurer, it was revealed yesterday.
Sandy Weill, who retire...
Car sales jumped by more than a quarter at the end of last year — a sign that the economy is on the mend, according to vehicle sellers.
Glen Smith, head of Auto Solutions, said: “There is a recovery —...
