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The Everest Re Group Ltd has reported a 2021 third-quarter net loss of $73.5 million, compared with net income of $243.1 million in the same period last year. Net operating income was a net loss of $52.6 million, compared with net operating income of...

The Bank of N.T. Butterfield & Son Limited has declared third-quarter net income of $39.8 million, compared with net income of $39.6 million for the previous quarter and $30.5 million for the third quarter of 2020. Core net income for the third quar...

Sunday’s start of the United Nations Climate Change Conference (COP26) is being overshadowed by a new PwC report that casts doubt on the ability of world governments to reach their primary objective, as a step towards saving the planet. Even after th...

Bermuda-based James River Group Holdings Ltd expects to post losses for the third quarter, the company has said in advance of next week’s quarterly earnings statement. The James River Group expects to report a net loss for the third quarter of 2021 ...

The Profit Freedom Conference will be held virtually on Monday night to help business owners to learn how to have more profit in their business and more freedom in their lives. The two-hour free event starts at 6pm with author and profitability expe...

A deal for the sale of Bermuda-based PartnerRe could be back on, with word that EXOR, the company that acquired the reinsurer in 2016, has restarted talks with the French insurer Covéa. The transaction last year would have had Covéa pay $9 billion in...

The company that owns Bermuda’s electricity supplier has just purchased an electricity supplier in Kentucky. Algonquin Power & Utilities Corp said that its indirect subsidiary Liberty Utilities Co has an agreement with American Electric Power to acq...

Bermuda-registered Nabors Industries Ltd has reported a third-quarter net loss of $115.7 million, an improvement over the comparative three months of 2020 when it lost nearly $147 million. But it means that Nabors has lost more than $434 million in t...

Bermuda reinsurer RenaissanceRe Holdings Ltd has estimated that losses from certain 2021 catastrophe events will have a net negative impact of approximately $725 million on the company’s third-quarter 2021 results of operations. This estimate is prim...

The extreme-event modelling company AIR Worldwide (AIR) has released its 2021 Global Modeled Catastrophe Losses report, detailing key global financial loss metrics based on its latest suite of models that reflect the near-present climate risk. AIR e...