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Another Bermuda-based reinsurer is planning to substantially participate in the Lloyd's of London market starting in January. For LaSalle Re, it could mean its most significant departure to date from its initial line of business, property catastrophe...

income of $144,000 for the second quarter to September 30, a more than 76 percent drop from the $604,000 second quarter earnings a year ago. The results come after the company improved operating income from $1,809,000 to $2,121,000 over the comparati...

Reliability which Saturday closed the door on more than 35 years of business. Citing the last few as break-even years, president Adley Madeiros, said he refused to let the sluggish economy drag him into debt. He will have the company wound up, instea...

of the insurance commissioner after a stormy hearing over Electric Mutual Liability Insurance Company's controversial move to Bermuda. The state legislators failed in hearings of the Joint Committee of Insurance on Wednesday to learn more about how s...

involved directly in gambling was behind a decision that has halted a controversial Canadian company from moving here. Involved in a number of lawsuits in Canada and the US, with outstanding allegations of fraud and market manipulation, Gaming Lotter...

The Bermuda reinsurance market should continue to improve its share of the worldwide market -- but at a slower rate, a global reinsurance market investment report has predicted. Published this month, it said the growth from Bermuda's current five per...

A Bermuda-based property catastrophe reinsurer has won the strongest recommendation from Lehman Brothers, over a host of other reinsurers worldwide. And this month since the rating approval for Renaissance Re Holdings established at "1-buy'' was just...

brokerage, investment banking and asset managers, Oppenheimer & Co., Inc. provided a group in Bermuda with his views on how the election results could affect the markets. Michael Metz said that Wall Street would be unreasonably concerned if Congress ...

The Bank of Butterfield has unveiled its new version of debit cards and has started mailing them out to current BankCard Plus ATM card holders. Unlike the Bank of Bermuda, there are three cards to choose from, including an "ATM Card'' expected to be ...

of an unprecedented Georgia lawsuit by their former employer, American Security Group. William J. Krochalis, a former senior vice president and corporate officer at ASG, and his colleague Blair Schrum, a former member of the firm's mortgage market gr...