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Bermuda reinsurer RenaissanceRe Holdings Ltd. will pay a $15 million fine to settle an investigation into “sham” accounting, the US Securities and Exchange Commission (SEC) said yesterday. The SEC accused the company of using accounting trickery thro...

Bermuda reinsurer PartnerRe Ltd. last night announced a record fourth-quarter profit of $242.7 million to cap what the company’s president Patrick Thiele described as “an exceptional year” in 2006. The final three months of last year produced net inc...

Finance Minister Paula Cox has asked for the Supreme Court to wind up the controversial IPOC International Growth Fund and eight related companies. In a written statement yesterday confirming the move, Ms Cox said that it was sometimes necessary to t...

Bermuda reinsurer PartnerRe Ltd. last night announced a record fourth-quarter profit of $242.7 million to cap what the company?s president Patrick Thiele described as ?an exceptional year? in 2006. The final three months of last year produced net inc...

Members of the public will be invited to have their say on Government’s proposals for the future of the telecommunications industry in a public meeting on Thursday evening. But some telecommunications companies have asked for the meeting to be put ba...

XL Capital Ltd. and Axis Capital Ltd. became the latest Bermuda reinsurers to announce estimated losses of tens of millions of dollars in claims resulting from European storm Kyrill. XL estimated its pre-tax losses due to Kyrill to be in the range of...

A controversial increase in duty charged on all passengers flying out of the UK could add $79 to an economy Bermuda-London return fare. But it was unclear last night whether British Airways (BA), the only airline to serve the UK-Bermuda route, would ...