Bermuda business insurer XL Capital Ltd. last night posted a net loss of $11.4 million for the third quarter — primarily due to $310.8 million of realised investment losses.
But the company, which mad...
Torus Insurance Holdings Ltd. posted a $30 million loss in its first year of operation, commentary by ratings agency AM Best has revealed.
The Bermuda-based company, which is privately held and so is ...
Bermuda-based re/insurer Arch Capital Group Ltd. last night reported net income of $274.4 million - a tenfold improvement over the same period last year.
The company also enjoyed a spectacular 14.4 pe...
Financial regulator the Bermuda Monetary Authority today announced a joint initiative with industry representatives and the Pensions Commission aimed at improving disclosure practices among Bermuda pe...
International business visitors already face challenges finding a hotel room in Bermuda in the months either side of summer — and the imminent closure of the main hotel building at the Elbow Beach res...
Bermuda-based reinsurer Platinum Underwriters Holdings Ltd. last night reported net income of $109.5 million — or a record $2.10 per share for the third quarter.
The quiet Atlantic storm season, combi...
The Bermuda Stock Exchange (BSX) yesterday announced it had suspended the listing of New Castle Market Neutral Offshore Fund Ltd. after one of the principals of its US-based investment manager was arr...
If Bermuda sees a major fall in its hospitality industry infrastructure and air links, the Island will move closer to an economic downturn from which it could take decades to recover.
That was the war...
Jeremy Cox said he felt "great" at the prospect of becoming Bermuda's top financial regulator and relished the opportunity of leading the Bermuda Monetary Authority.
Mr. Cox, the brother of Finance Mi...
Bermuda's top financial regulator Matthew Elderfield is to leave at the end of this year to take up a leading job with the Irish central bank, after Bermudian Jeremy Cox was appointed to replace him a...
