The class of 2005 reinsurers who set up in response to a spike in demand after Hurricane Katrina may start to disappear as some institutional investors seek to pull out their money.
That is the view o...
Bermuda-based reinsurers face weakening earnings after heavy catastrophe losses already in the first five months of the year.
That is the view of credit rating agency Standard & Poor’s, which also bel...
The boss of Bermuda-based re/insurer Catlin Group Ltd. has admitted that insurers have "got lucky" in that only about 20 percent of the losses so far from the Gulf of Mexico oil spill have been borne ...
Increasing demand for 'green' products has prompted the Bermuda Air Conditioning Group of Companies (BAC) to create a new entity called Bermuda Alternate Energy Ltd (BAE).
The company will provide ene...
Financial regulator the Bermuda Monetary Authority says it is working with its US counterpart, the Securities and Exchange Commission, on the issue of Bernard Madoff "feeder funds".
Last week, London ...
Telecommunications reform measures outlined in a draft bill due to go before the House of Assembly before its summer recess could spell the end for smaller operators in the industry and cost "hundreds...
Butterfield Bank's share price yesterday surged 33 percent, helping to push The Royal Gazette/BSX Index up by 11.5 percent.
By early yesterday afternoon, Butterfield's common shares were trading at $2...
Bermuda's financial regulator is confident that it will achieve equivalence with the European Union's imminent Solvency II regulations.
Yesterday the Bermuda Monetary Authority (BMA) announced that it...
Bermuda continues to have a bright future as a global insurance centre, despite political threats from the US and elsewhere, according to Flagstone Re co-founder Mark Byrne.
What matters to the Island...
XL Capital boss Mike McGavick urged US lawmakers to remember what the Bermuda insurance market has done to support the US economy before considering law changes that could harm the Island.
Mr. McGavic...
