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Organisers of a hedge fund event expected to attract around 400 delegates to Bermuda are planning to make a donation to charity. The Global Fund Forum will take place at the Fairmont Southampton from June 22-24 and Lisa Vioni, chief executive of orga...

The Gibbons family has bought back control of Clarien Bank Ltd, just 15 months after it sold a controlling interest in the institution. The news was announced in an earnings announcement published yesterday. The statement did not specify why Edmund G...

Profits fell slightly last year for the member companies of the Association of Bermuda Insurers and Reinsurers (ABIR), the industry body announced. The 19 of ABIR’s 21 members who agreed to be surveyed racked up a combined $11 billion in net income ...

Ace Ltd and BlackRock yesterday said they have launched their new Bermuda-based joint reinsurance venture ABR Reinsurance Ltd. The two firms announced late yesterday that they had raised about $800 million through a private placement to get the new v...

Allied World Assurance Company Holdings has completed the acquisition of the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA). The Swiss-based insurer, which was one of the Class of 2001 companies to launch in Bermuda i...

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...