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Global insurance and reinsurance broker Marsh & McLennan Cos (MMC) is looking for ways to trim its tax bill. In a conference call yesterday, Dan Glaser, the New York-based company’s chief executive officer, said: “The search for tax efficiency for us...

Bermuda-based insurer and reinsurer Hiscox saw half-year pre-tax profits rise by 8.4 per cent, fuelled by strong growth in its retail insurance business. Hiscox reported earnings of £135.1 million ($210.4 million) for the January-through-June period,...

PartnerRe last night reported a net loss of $103.1 million as a fall in the value of its investments took its toll. The Bermuda reinsurer said operating earnings were $112.5 million, or $2.35 per share, but these were offset by realised and unrealise...

A Bermuda insurance industry body has written to the US Treasury urging it not to penalise long-established reinsurers as part of its efforts to clamp down on what the US sees as hedge funds masquerading as reinsurance companies to lower their tax bi...

Bermuda CableVision is to merge with Logic Communications Ltd. The news was announced today by telecommunications group KeyTech Ltd, Logic’s parent company, after it secured ownership of 100 per cent of CableVision’s shares. The CableVision name will...

Bermuda’s insurance marketplace attracted 45 new companies during the first half of this year — some of them major players. Financial regulator the Bermuda Monetary Authority said this was on a par with 2014, when 44 new insurers and intermediaries w...

Bermuda must wait a few more weeks to find out whether its insurance regulation will be deemed equivalent to the new standards being introduced in the European Union. Legislative changes passed by the Senate last week addressed the recommendations of...

Don’t expect interest rates to bounce back sharply any time soon. That’s the advice from HSBC’s global head of fixed-income research Steven Major, who expects predicts that the US Federal Reserve will not starting raising rates until December. London...