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fell 11.5 percent to $16.5 million, due to lower underwriting profits for the three months and higher realised investment gains for the comparative period last year. Net realised investment gains after tax for the six month period were down from $8.5...

The Bermuda Stock Exchange is enjoying a higher profile, with a recent advertising campaign by the Bermuda International Business Association (BIBA) published in the Financial Times. The FT Managed Funds Service pages, which lists Bermuda funds, amon...

of its highest levels of profitability, a near 400 percent (397 percent) improvement for the first quarter to June 30, when compared with the same period a year ago. First quarter net income was $2,011,000, compared with $405,000 for the same period ...

reduced gross premiums written by Starr Excess Liability Insurance Co., Ltd. by 35 percent in the first six months of the current fiscal year. The gross written premiums for the first two quarters to June 30 were $39,182,000, compared to $60.2 millio...

Negotiations have reached an advanced stage for an out-of-court settlement between Bermuda-registered EMLICO (Electric Mutual Liability Insurance Co.) and major US reinsurer, General Re. A spokesman for the Bermuda-based joint liquidators said from N...

Corp., a B.V.I. corporation which announced that its majority shareholder has filed regulatory forms declaring a sale of the shares. Presidio said this week that Farallon Capital management L.L.C., and certain affiliated investment funds (collectivel...

International Business Association (BIBA), Wendy Davis Johnson into the fold in the newly-created post of director of corporate communications. Ms Davis Johnson leaves BIBA for ACE in September, where she will have overall responsibility for the stra...

guarantors have faced a year of declines in premium rating that has affected the market. And even though they are increasing the number of ships under their umbrella, one company conceded this week that they could face less revenue in the end. Bermud...

The chances of corruption in Bermuda are slim to none, Premier Pamela Gordon has told this month's edition of Shore to Shore, the new magazine of The Offshore Institute, which is based in the Isle of Man. The Premier told the publication's editor, "W...

history have been told that estimated liabilities could now reach a staggering $1.4 billion. In the most notorious of Bermuda's insurance failures, Bermuda Fire & Marine Insurance Co. Ltd. (BFMIC) is estimated to be insolvent by more than a billion d...