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The XL Re Broker Golf Outing serves as a reminder of the role that golf can play in nurturing long-standing business relationships. The event celebrated its 20th anniversary last week. Some 60 business partners who have been doing business with XL Gr...

A catastrophe insurance pool to insure a group of African countries against drought has been set up in Bermuda. Willis Group Holdings plc, a global broker and risk adviser, said today it had secured $55 million of index-based reinsurance capacity to ...

Bermuda insurer Enstar Group plans to merge two of its Lloyd’s managing agencies next year, sources told a British trade publication. Enstar, which specialises in acquiring and managing insurers and books of business that have gone into run-off (that...

Watlington Waterworks Ltd saw their profits slide 7.2 percent to $1.76 million, as abundant rainfall contributed to the company’s weakest results in five years. The Bermuda Stock Exchange-listed company provides potable water through its pipelines to...

Shares of Bermuda-based insurer Tower Group International Ltd surged more than 30 percent yesterday after the company announced an amendment to its merger agreement with fellow Bermuda company ACP Re Ltd. In Nasdaq trading in New York, Tower shares w...

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...