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LOM Financial Ltd’s 2015 earnings fell as brokerage revenues declined, but assets under administration rose helped by strong performance of its mutual funds. The Bermuda Stock Exchange-listed broker-dealer said net income last year was $141,528 or 2....

Aspen Insurance Holdings’ first-quarter profit fell by more than 10 per cent as catastrophe losses increased. The Bermudian-based insurer and reinsurer reported net income of $114.4 million, down from $128 million in the same period of 2015. Operatin...

Net new issuance of insurance-linked securities totalled $2 billion in the first three months of this year — the most for any first quarter in history. The figures from the ILS market update from Willis Capital Markets & Advisory, the investment bank...

HSBC Bank Bermuda Ltd said today its net profit rose to $87 million last year, boosted by sharp falls in loan impairment charges and operating expenses. The bank, which sold off much of its Cayman operations in 2014 and its private banking unit last ...

Enstar Group Ltd’s full-year earnings climbed to $220.3 million last year as it continued to acquire businesses in run-off. The company, whose headquarters are in Queen Street, Hamilton, reported that revenue grew to $1.03 billion on a large increase...

Bermudian insurer Hiscox Ltd wrote more business last year but profits fell 6.5 per cent mainly due to dwindling investment returns. Hiscox said full-year profit fell to £216.1 million from £231.1 million in 2014, slightly better than analysts had ex...

The boom in the catastrophe bond market is leading some experts to voice fears that investors do not fully understand the risks they are taking on — and so they could flee in a panic in the event of a major catastrophe that triggers losses. Jay Patel...

Energy and optimism are high after Ace Ltd’s $29.5 billion takeover of US insurance giant Chubb Ltd. That is the view of chairman and chief executive officer Evan Greenberg, who last night said the company had capped its last quarter trading as Ace L...

XL Catlin is aiming to tap into the booming Indian economy. The global insurer and reinsurer has started the licensing process to establish a reinsurance branch in India. The application has been filed with the Insurance Regulatory Development Author...

Company directors would be better positioned to make decisions in a fast-changing world if they consult with an “under-25 mentor”. That is the view of Charlotte Valeur, a corporate governance adviser, who believes that understanding how young people ...