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The Bermuda-based boss of Hiscox’s reinsurance operations expects the unit he heads to write less business than it did last year — and that does not bother him at all. For Hiscox Re chief executive officer Jeremy Pinchin, the focus is not on quantity...

Retail sales slid 2.3 percent in March compared to the same month last year — a dip partly attributed to a later Easter holiday this year. Leading the slide were building supplies stores, whose takings slumped 19.2 percent on the back of a decline in...

The global economy is undergoing a seismic shift which will lead to the emerging markets collectively becoming larger than today’s developed economies during the next 35 years. That is one of the conclusions of a report by HSBC Global Research, entit...

Bermuda re/insurer Endurance Specialty Holdings Ltd nearly doubled analysts’ estimates for first-quarter operating earnings as the company’s chairman and CEO John Charman said a year-old transformation of the company was starting to bear fruit. Endur...

People are afraid of making mistakes with their money and frequently don’t give investments time to work, according to personal finance guru Suze Orman. The two-time Emmy Award-winning television host, New York Times best-selling author, magazine and...

XL Insurance (Bermuda) Ltd has agreed to sell its life reinsurance operation to GreyCastle Holdings Ltd for $570 million. GreyCastle Holdings is described as “a newly-formed Bermuda company whose shareholders include large family offices and universi...

Global re/insurer Ace Ltd beat Wall Street’s expectations as it recorded net income of $734 million for the first quarter. Operating income was $2.27 per share, compared to the $2.12 per share consensus expectation of analysts tracked by Yahoo Financ...

XL Group posted net income of $255.7 million in the first three months of the year in what CEO Mike McGavick described as “one of the best quarters since the end of 2008” for the company. The global business insurer’s operating net income of $238.6 m...

The largest catastrophe bond transaction in history completed today and was admitted for listing on the Bermuda Stock Exchange (BSX). The $1.5 billion issuance through Bermuda special purpose insurer Everglades Re Ltd, will provide reinsurance covera...

Bermuda’s top financial regulator said he has been delighted to see so many people interested in doing business on the Island at North America’s largest insurance conference of the year. Speaking from the Risk & Insurance Management Society’s (RIMS) ...