Government trimmed its current-account spending by more than seven percent and booked an increase in revenues during the first quarter of its fiscal year, the Ministry of Finance revealed today.
Finan...
The Bermuda insurance industry’s leading lobbyist got a freezing drenching today at the hands of a gleeful American regulator.Bradley Kading, president of the Association of Bermuda Insurers and Reins...
AM Best is revising its outlook for the reinsurance sector to negative.
The ratings agency said that while reinsurers are currently financially strong, they continue to be squeezed by market condition...
Chinese investment company Fosun International Ltd is to buy a 20 percent stake in Bermuda insurer Ironshore.
Privately held Ironshore, which in June filed for a $100 million initial public offering, ...
Bermuda-domiciled oil tanker operator Nordic American Tanker (NAT) reported that rates for hiring its vessels plunged in the second quarter of this year — but it expects a rebound in the current quart...
Florida is continuing to offload policyholders from its state-backed insurer Citizens onto private insurance companies — potentially boosting business for Bermuda’s reinsurers.
Insurance regulators in...
Shares of Bermuda-based reinsurer Third Point Reinsurance Ltd gained nearly four percent in New York trading after posting earnings that beat analysts’ expectations.
The company, whose investments are...
Lovit Boutique is to close its Queen Street store next Saturday.
However, owner Jenia Thompson said yesterday that the three-year-old store had plans to reopen in the near future — possibly within a y...
Bermuda may now be the best jurisdiction in which to set up an offshore fund according to a New York attorney who works with the asset management industry.
Jack Rigney, of Manhattan-based Seward & Kis...
Lovit Boutique is to close its Queen Street store next Saturday.
However, owner Jenia Thompson said today that the three-year-old store had plans to reopen in the near future.
In a statement, Lovit sa...
