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Bermuda-based reinsurer, Mid Ocean Ltd., has reported a 42 percent increase in net income for the third quarter ending July 31 to $65.5 million ($1.72 per share) on revenues of $169.3 million, up 26 percent. Gross written premiums were down two perce...

Bermuda reinsurer specialising in the Latin American market. XL Global Re (the former XL Re) is a subsidiary of Bermuda-based EXEL Ltd. and recently underwent a name change to reflect EXEL's acquisition of property catastrophe reinsurer, Global Capit...

Executives involved in the formation of a new, Bermuda-based, dedicated vehicle for the specialist needs of the mining industry, have developed a potentially lucrative sideline in writing a political risk product. Bermuda-based Mining Insurance Ltd. ...

Liability Insurance Co. (EMLICO) have told a Massachusetts court that a settlement agreement, proposed for EMLICO by the state's insurance regulators, is "the best vehicle to achieve an orderly liquidation'' of the company. The court may rule later f...

The Massachusetts Senate Committee on Post Audit and Oversight has formally asked the state's insurance regulators for answers to probing questions surrounding the move to Bermuda of Electric Mutual Liability Insurance Co. (EMLICO). The Post Audit co...

share for every ten shares held to shareholders of record September 15. The move comes just ahead of a cash dividend of 18 cents a share, payable October 15 to shareholders of record September 30. Secretary David C. Carruthers said: "The overall effe...

Hotels, retail stores and others who derive significant direct revenue from tourism have been told that they can play a larger role in attracting more of the lucrative group business to the Island. They have been asked to advise the department withou...

concentrating on real estate investments in the Asia/Pacific region, according to executive vice president, Peter Everson. It is the latest area of growth for the local office of one of the world's premier international investment banking and fund ma...

Hoteliers and other business people who rely on group tourism, learned first hand yesterday how the Department of Tourism is seeking to re-build group business with a specific campaign. The briefings came as hoteliers, retailers and many others in th...

Last week's Bermuda Stock Exchange (BSX) index's record high was a staggering 52 percent higher than it was at the start of the year, BSX CEO, William Woods said yesterday. The Island's two largest banks almost doubled their share prices during a sig...