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The Tucker’s Point Hotel and Resort is up for sale. After being in receivership for some 16 months, the East End property is being marketed to potential buyers by international agency Jones Lang LaSalle and by Rego Sotheby’s International Realty in B...

Many members of the US Congress in catastrophe-prone states oppose President Barack Obama’s plan to raise the US tax burden on foreign reinsurance companies — so it could be years until the issue is resolved. That is the view of Robert DeRose, an ana...

The private insurance market can shoulder more of the risk now taken on by governments — but the spread of affordable insurance is threatened by a protectionist trend. That is the view of Brad Kading, president of the Association of Bermuda Insurers ...

Argo Group International Holdings Ltd posted record underwriting income for 2014, but fell short of Wall Street expectations for the fourth quarter. The Bermuda-based insurer and reinsurer reported net income of $183.2 million, or $6.90 per share, fo...

Bermuda consumers are seeing significant benefits from the collapse in world oil prices late in 2014, the latest Government statistics reveal. In December, premium fuel cost almost nine per cent less at the pump than it did a month earlier, according...

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...