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Business leaders believe the economy is moving in the right direction and consumer confidence has hit an eight-year high, according to a snapshot of results from a Bermuda survey. The HSBC Business Confidence Index, based on a survey carried out in ...

Global insurer Ace Ltd generated record operating income for the third quarter and comfortably beat analysts’ estimates. Net income was down by nearly a third, however, to $528 million in the July through September period, compared to $785 million, a...

As official insurer of Oracle Team USA, Bermuda-based Ironshore is underwriting not only the risks of the team, but also many aspects of the America’s Cup events. Since Oracle is the defender, it is hosting all the events associated with the ‘Auld Mu...

In nearly 33 years with the Argus Group, David Pugh has experienced the highs and lows of bearing senior-management responsibilities for a publicly traded company. And as he looked back on his career after stepping down last month as chief financial ...

Bermuda-based Axis Capital Holdings Ltd is to cut “a small number” of jobs at its Bermuda office as part of a global streamlining. But Albert Benchimol, the company’s chief executive officer, stressed yesterday that the insurer and reinsurer remains ...

Bermuda-based Axis Capital Holdings Ltd plans to cut 100 jobs from its global workforce — including a small number in Bermuda. The streamlining announced this morning by the insurer and reinsurer includes the closure of its Australian retail insuranc...

BF&M Ltd has acquired Bermuda-based insurance agency Kitson Insurance Services Ltd. Kitson has been in business since 1947 and BF&M has said it will keep on two of the agency’s leading staff on a full-time basis. The terms of the deal were not disclo...

Is the reinsurance pricing cycle close to the bottom? That is one of the most discussed questions at the Monte Carlo Rendez-vous event in Monte Carlo, where scores of reinsurance executives, including many from Bermuda, are meeting this week for thei...

Trunomi, a Bermuda-based financial technology innovator, has enjoyed quite a week. Not only did it raise $3 million from venture capital firms, but it also took top honours in the Visa Europe Collab Startup Competition in Tel Aviv, Israel. The compan...

Bermuda will find a way to retain its place as a leading global reinsurance hub amid the sweeping change the industry is undergoing. That is the view of analysts from rating agency AM Best who were speaking on a Global Reinsurance webinar panel yeste...