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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...

Insurance-linked securities could be heading for a second successive year of record issuance, says a unit of global insurance and reinsurance broker Willis Holdings Ltd. Willis Capital Markets & Advisory said in a report that investor interest was co...

Plunging fuel costs limited the rise in the cost of living in November, according to Government statistics released today. The Consumer Price Index measured the annual rate of inflation at 2.3 per cent, down from 2.6 per cent in October. The main inf...

Bermuda-based re/insurer Hiscox Ltd has agreed to buy two UK-based businesses from Randall & Quilter Investment Holdings Ltd to beef up its specialty insurance offerings for wealthy clients. Randall & Quilter is also a Bermuda company, having redomic...

Jobs cuts and the merging of offices around the world are likely consequences of XL Group’s pending acquisition of Catlin — but it is too early to say exactly how that will affect the Bermuda operations of the two companies, says XL chief executive o...