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For underwriters of event-driven risks, the odd rough quarter is an occupational hazard. But, as Bermuda-based Validus Holdings Ltd believes, underwriting a more volatile mix of business than many peers should lead to industry-beating returns. That h...

Bermuda-based beverages giant Bacardi is looking forward to returning some operations to Cuba once the US embargo of the country is lifted. Bacardi was expelled from the Caribbean island in 1959, after the revolution which brought Fidel Castro to pow...

The lion’s share of the insurance claims made in Bermuda in relation to Hurricane Gonzalo will not be shouldered by local insurers — but instead by the companies that reinsure them. That is the view of rating agency AM Best, which said today it “does...

The parent company of dock services firm Stevedoring Services Ltd today reported an annual loss of $1.8 million for the year ended March 31, 2014. Polaris Holding Company Ltd said in a statement that much of the loss was down to a $1 million write-do...

Telecommunications firm the KeyTech Group reported that earnings fell more than 30 percent in its last fiscal year as expenses related to acquisitions took their toll. KeyTech, which owns Logic Communications, made net income of $5.7 million for the ...

Validus Holdings Ltd’s third-quarter net income tumbled by three-quarters as the company was hit by more than $60 million in aviation, war and energy claims. The Bermuda-based insurer and reinsurer reported net income of $39.7 million for the July th...

XL Group reported net income plunged for the third quarter, but operating income beat Wall Street expectations. The Dublin-based business insurer, which has substantial operations in Bermuda said net income for the July through September period was $...

Butterfield Bank’s third-quarter profit totalled $22.8 million — up by 5.5 percent from the same period of last year. Net income for the first nine months of the year increased by $5.7 million to $73.5 million, the bank said in a statement this after...