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Bermuda insurer and reinsurer Maiden Holdings Ltd last night reported net income of $25.8 million for the second quarter — up more than 27 percent from the same period last year — and record operating earnings. Maiden’s chief executive officer Art Ra...

Many borrowers continue to struggle to make loan repayments, according to the latest figures on the banking sector published by financial regulator the Bermuda Monetary Authority (BMA). Non-performing loans (NPLs) — defined as loans in which borrower...

Endurance Specialty Holdings Ltd yesterday exceeded the expectations of Wall Street analysts as it posted net income of $75 million for the second quarter. Chairman and chief executive officer John Charman said the benefits of the ongoing “transforma...

An international law firm which specialises on servicing the insurance industry is considering opening an office in Bermuda next year — and is already talking with candidates to staff it. Nelson Brown Hamilton & Krekstein LLC (Nelson Brown & Co) has ...

Bermuda-based re/insurer Axis Capital Holdings Ltd surpassed Wall Street’s expectations in posting second-quarter net income of $191 million. Profit broke down to $1.79 per share, compared with $72 million, or 62 cents per share in the second quarter...

PartnerRe Ltd last night reported a second-quarter profit of more than a quarter of a billion dollars — a dramatic improvement from the $190 million net loss it posted in the corresponding period last year. The Bermuda-based global reinsurer said net...

Hiscox wrote less reinsurance business in the first half of this year as rates softened — and chairman Robert Childs said the company will walk away from more business if it considers pricing to be inadequate. The global insurer and reinsurer, whose ...

Aspen Insurance Holdings Ltd says its shareholders have rejected Endurance Specialty Holdings Ltd’s proposals to move forward with its hostile takeover attempt. Last Friday was the target date set by Endurance for receiving consents from Aspen shareh...