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Energy sector mutual insurer Oil Insurance Ltd racked up profits of $731 million in 2014, as it had its best underwriting year. The Bermuda-based company said its directors had also agreed to pay out a dividend totalling $400 million to shareholders....

Endurance Specialty Holdings Ltd has agreed to acquire fellow Bermuda-based reinsurer Montpelier Re Holdings Ltd in a $1.83 billion deal. The new combined company will be run by Endurance’s senior management team from its headquarters in Waterloo Hou...

A global money manager has struck a deal with a small Bermuda firm to distribute its investment products on the Island. BNY Mellon Investment Management EMEA Ltd, which describes itself as the world’s largest world’s largest multi-boutique asset mana...

The America’s Cup will generate significant extra business for its official healthcare provider BF&M — and the insurer’s boss says the Island needs to grasp this unique opportunity to ensure the whole community benefits from it for years after the sa...

XL Group plc is selling $1 billion of debt to help to fund its acquisition of Bermuda-based insurer Catlin Group Ltd. The company yesterday priced two separate offerings of subordinated notes, both of which are due in 2045. The first offering of $500...

AQR Re Management Ltd is to wind down its operations after three years in business as a result of the reinsurance industry’s “consolidating market dynamics”. Some people will consequently lose their jobs at the firm, which works out of offices at 3 B...

Ace Ltd is teaming up with BlackRock Financial Management, the world’s largest money manager, to create a new Bermuda-based reinsurance venture. The companies are seeking to raise between $800 million and $1.3 billion for the new business, named ABR ...

Bermuda has been overstating the number of companies registered on the Island for more than a decade, Government revealed today. Economic Development Minister Grant Gibbons said the errors had been spotted by officials at the Registrar of Companies. ...

Endurance Specialty Holdings Ltd is still in the market for an acquisition after its attempt to merge with Bermuda rival Aspen Insurance Holdings Ltd last year failed to work out. Endurance chairman and chief executive officer John Charman told The ...

Jeweller Astwood Dickinson is to move its flagship retail store into a new home in Orbis House at 25 Front Street. Part of the AS Cooper Group, the 111-year-old jeweller said today it had signed a long-term lease with the landlords and would occupy a...