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A leading insurance executive has warned that global regulators’ moves towards increasing capital requirements for insurers will impede the industry’s ability to cover the world’s ever-increasing risks. XL Group chief executive officer Mike McGavick ...

Insurers and reinsurers are likely to have to venture into unchartered territory in their search for growth over the next decade, according to a top industry adviser. David Law, PwC’s global insurance leader, sees major opportunities for the industry...

Investors should not regard the handsome total returns from the bond market seen over the past three decades as normal, according to the CEO of Schroders’ US operations. Karl Dasher, who is in Bermuda this week for talks with clients of the London-ba...

Reinsurers could take over the US flood insurance programme from the US government, according to Validus Holdings CEO Ed Noonan. Speaking on a panel at the PwC/S&P Bermuda (Re) insurance Conference yesterday, Mr Noonan said flood coverage was one are...

Third Point Reinsurance Ltd posted third-quarter net income of $46.6 million yesterday, as it declared its first quarterly financial results as a public company. The earnings, which broke down to 46 cents per share, were up 17.7 percent compared to t...

Global fund administrator Equinoxe Alternative Investment Services Ltd is set to hit the $10 billion mark for assets under administration within weeks, just over five years after launching as a Bermuda start-up. The company, led by chief executive of...

Watlington Waterworks Ltd is marking its 80th anniversary with the release of a new book chronicling the company’s history. “Harry’s Dream” describes how Sir Henry Watlington, in the early years of the 20th century, saw the need for a supply of fresh...

Watlington Waterworks is about to take its water pipeline west beyond Somerset Bridge — at least once it overcomes an unexpected delay it encountered this week. The company, which provides water gathered from the freshwater lens in the Devonshire mar...

Yield-hungry investors are growing their appetite for emerging markets debt, as rock-bottom interest rates have led to paltry returns from bonds in the developed world. Analysis from EPFR Global shows that emerging markets bond funds have seen net in...

Butterfield Bank yesterday said its core earnings increased nearly 40 percent year-over-year through the first nine months of this year. Improved investment returns and cost reductions helped Butterfield to core earnings of $37.9 million through the ...