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of one percent to six percent, effective on Monday. The base rate represents the benchmark for the pricing of all the bank's Bermuda dollar demand loans and overdrafts. The institution's loan customers will get confirmation of the change on their nex...

plunged more than 58 percent to $85.8 million, compared with $206.6 million for the same period last year. It brought net income for the first nine months to August 31 down to $411.8 million -- a near 22 percent decline from $526.3 million for the sa...

The days of a sudden hardening of the insurance and reinsurance markets in the wake of significant or catastrophic events may be over, a leading Bermuda reinsurance executive has said. A hardening market and a turn of insurance conditions will still ...

Bermuda is getting the attention of the US healthcare industry, and officials foresee a brighter future in attempts to attract more healthcare captive insurers. The optimism stems from recent growth from the modest numbers of Bermuda-based healthcare...

This year's active hurricane season is making residents along the US east coast consider the need for better protection of their property. It is a move that is welcomed by property catastrophe reinsurers and insurers here in Bermuda like Renaissance ...

The Zurich Group has been working to replace outgoing Centre Solutions president David Brown, who is opting for early retirement at the end of the year. Officials believe the company can name a new boss to replace the 44-year-old chartered accountant...

catastrophe reinsurance division, as Tempest Re chairman, Donald Kramer, is moving to a new position within the ACE group. ACE announced months ago that a strategic business development unit was being set up in the US after the group purchased Tarqui...

Key elements of global markets are converging in Bermuda, an association of women insurers heard in New York yesterday. The developments were outlined to the Association of Professional Insurance Women by two Bermuda executives -- Roger Gillett and S...

a state court ruling denying her petition for receivership of Electric Mutual Liability Insurance Co. (Emlico). She will consider the efficacy of pursuing the remains of the insolvent insurer which purportedly moved from Massachusetts to Bermuda in 1...

keeping a close watch on the movements of Hurricane Georges, after its devastating visit to the Caribbean islands. Chairman and CEO of Tempest Re, Donald Kramer conceded there was some anticipation of a more severe year of catastrophe claims than in ...