Bermuda-based Enstar Group Ltd has agreed a deal to acquire US insurer SeaBright Holdings, Inc for around $252 million.
Enstar will pay $11.11 per share in cash. The purchase price represents a 34.3 p...
The shares of Bermuda-based run-off specialist Enstar Group Ltd soared more than six percent in New York Stock Exchange trading on Friday after the company announced that second-quarter earnings more ...
Health Minister Zane DeSilva admitted yesterday there had been a lack of financial controls in the Health Insurance Department, which had led to an “unacceptable” situation.
As he tabled six years of ...
New legislation to give some companies relief from foreign ownership restrictions has been welcomed by energy company Ascendant Group, which said it would stimulate the availability of overseas capita...
Insurance CEOs believe that the payroll tax increase of two years ago caused Bermuda jobs to be lost and a “rupture of trust” between Government and the industry.
Speaking at a CEO roundtable organise...
The downgrade of Bermuda’s credit rating by Fitch will cost taxpayers $15.5 million in extra interest payments on this week’s Government bond issue, according to the opposition One Bermuda Alliance (O...
The Bermuda market’s major US-listed re/insurers bounced back strongly to reap more than $4 billion of net income in the first quarter of this year.
This represents a dramatic swing from the $2.67 bil...
Bermuda re/insurer Aspen Insurance Holdings Ltd swung to a profit of nearly $79 million, despite taking a hit from claims related to the Italian cruise ship disaster.
Aspen also wrote more business an...
The diversified facilities management group Bermuda Aviation Services said yesterday that it had bought a controlling interest in Integrated Technology Solutions Ltd.
The terms of the deal were not di...
HSBC Bank Bermuda Ltd made net income of $152 million, the bank revealed today.
Although that was down 38 percent from 2010, the underlying performance, which strips out the impact of parts of the bu...
