Bermuda re/insurer Validus Holdings Ltd has agreed to acquire US insurer Western World Insurance Group, Inc for $690 million in cash.
Validus CEO Ed Noonan said last night that the combination with th...
Confidence is growing that an economic recovery is under way in Bermuda, according to a long-standing quarterly survey.
The Bermuda Omnibus Survey reveals that more than half of people — for the first...
Tokio Millennium Re’s (TMR) new US branch has received a licence to do business.
The company, which has offices in Bermuda having been established on the Island in 2000, said yesterday that the US bra...
Fitch Ratings said yesterday that its downgrade of Bermuda’s credit rating — announced last Friday — does not currently impact Fitch’s ratings of Bermuda-domiciled insurance companies.
The Island’s i...
Soaring health insurance premiums are a major driver of the increase in the cost of living, the latest Government statistics reveal.
The Consumer Price Index, released by the Department of Statistics ...
More than 1,200 Bermuda-based banks, trust companies, insurers and investment entities have signed up with the US tax authorities to comply with a law designed to fight tax dodging by Americans.
The U...
Endurance Specialty Holdings Ltd has increased the value of its takeover offer for fellow Bermuda re/insurer Aspen Insurance Holdings Ltd and is making moves to shake up the Aspen board of directors.
...
Fitch Ratings has downgraded the Bermuda Government’s credit rating by a notch, but predicts a return to economic growth for the Island next year.
The Island’s long-term bond rating from Fitch is now ...
Dark n’ stormy and golf are a perfect match — and that is helping the Bermudian beverage company Gosling’s to drive up sales in the US with promotional spin-off benefits for the Island.
Yesterday, Gos...
Fitch Ratings has downgraded the Bermuda Government’s credit rating by a notch, in the wake of a fifth consecutive year of recession in 2013.
In its commentary, the rating agency says Bermuda has a we...
