Log In

Catlin Group Ltd produced a 13 per cent increase in profit in what is likely to be its final year as a separate company. The Bermuda-based insurer has agreed to be acquired by XL Group in a $4.2 billion deal expected to close this year. Pre-tax profi...

Most businesses leaders believe Bermuda’s economy is improving — but their confidence in longer-term economic prospects remains fragile and more businesses are still cutting staff than hiring. Those were some of the findings of a survey for the inaug...

Endurance Specialty Holdings Ltd reported a 13 per cent increase in net income for 2014 as the Bermuda-based insurer and reinsurer expanded its global reach. Net income was $315.7 million, or $7.06 per diluted common share, compared to $279.2 million...

Everest Re Group Ltd’s posted net income of $1.2 billion as a lack of catastrophe claims helped to boost earnings. The Bermuda reinsurer also saw premiums, operating earnings per share and book value per share rise by double-digit percentages in what...

Business confidence is the key ingredient required for Bermuda to return to good economic health. That is the view of Don Mills, chairman of Corporate Research Associates, Inc, who will tomorrow present the results of a survey on how confident Bermud...

Global business insurer XL Group beat analysts’ estimates as it generated operating income of $293.9 million in the fourth quarter of the year. The Ireland-based company with substantial operations in Bermuda, which last month announced that it had a...

Bermuda financial technology start-up Trunomi last night received a prestigious international accolade at a ceremony in London. The company, headed by founder and chief executive officer Stuart Lacey, was selected from around 800 applicants as one of...

Global insurer Ace Ltd last night reported record full-year operating earnings of $3.3 billion. But the strength of the US dollar had a negative impact on the growth of premium revenues and book value per share, chief executive officer Evan Greenberg...

Job losses will likely result from the planned merger of Axis Capital Holdings Ltd and PartnerRe Ltd, said the man who will lead the new combined company. In a joint statement on Sunday night, the two companies said they had agreed to a “merger of eq...

Axis Capital Holdings Ltd and PartnerRe Ltd have agreed to merge, the companies announced last night. The deal — between two of the five biggest companies in the Bermuda insurance and reinsurance marketplace — will create a group with a market capita...