HSBC Bermuda is seeing a growing number of clients who have signed their paperwork and are ready to borrow, but are waiting before they buy a property.
The revelation came during an interview with the...
Bermuda-based life reinsurer Wilton Re Holdings Ltd yesterday announced an agreement to acquire Conseco Life Insurance Company from CNO Financial Group for around $237 million.
It was the second deal ...
Bermuda reinsurers could be in the hook for larger winter claims than normal coming from both sides of the Atlantic, after a string of storms hit the US and UK over the past few weeks.
PCS, a division...
HSBC Bermuda’s net profit more than doubled to $45 million in 2013, as the company cut expenses and withstood significant allowances for bad loans.
The bank, part of the HSBC global empire, revealed i...
Bermuda Press (Holdings) Ltd (BPH) posted a full-year profit of $922,000 as the company cut operating expenses by more than seven percent.
The net income for the year ended September 30, 2013, broke d...
XL Group’s American reinsurance operation has acquired Global Ag Insurance Services, a California-based crop insurance provider specialising in the needs of farmers in the western US.
XL Reinsurance A...
First-quarter profit more than doubled to $6.2 million for Somers Ltd, owner of Bermuda Commercial Bank.
The profits were generated principally by BCB and Waverton, a UK investment management company ...
Butterfield Bank yesterday announced that full-year net income more than tripled to $78.2 million in 2013.
Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 pe...
Bermuda-based Hiscox Ltd yesterday announced a 12 percent rise in full-year pre-tax profit to £244.5 million ($406.8 million) — the second-best earnings in its history.
The insurer and reinsurer, whic...
Butterfield Bank today announced that full-year net income more than tripled to $78.2 million in 2013.
Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percen...
