Log In

When a young student turned up to take part in an educational trip aboard the Spirit of Bermuda sloop, there was a problem. Students had been advised to bring wet weather gear to protect them from waves and rain, and to keep them warm during night wa...

An operating loss of $546.9 million, or $13.81 per share, for the third quarter has been reported by RenaissanceRe Holdings Ltd. The Bermudian-based company’s net loss was $504.8 million, or $12.75 per share, which compares to a profit of $146 millio...

Catastrophe losses from hurricanes Harvey, Irma and Maria, and the Mexico City earthquake, weighed on Everest Re Group’s third-quarter earnings. The company reported a pretax loss of $904 million. While the net loss after tax was $639.4 million, or $...

Hurricane losses associated with Harvey, Irma and Maria piled up for Chubb Corp in the third quarter, contributing to pre-tax catastrophe losses of $1.9 billion. However, the operating loss per share was 13 cents, beating a Wall Street consensus of 2...

Butterfield Bank will have a presence in two new jurisdictions next year when it completes its planned acquisition of Deutsche Bank’s Global Trust Solutions business. Of particular note is the expansion opportunity into Singapore. Asia is viewed as a...

Butterfield Bank has reported a profit of $41.1 million for the third quarter, up $5 million on the previous three months. The results were released this morning, along with news that the bank is to acquire Global Trust Solutions from Deutsche Bank. ...

Insurance prices “have to improve” in the wake of expected $100 billion of insurance industry losses from hurricanes Harvey, Irma and Maria, and earthquakes in Mexico. And according to industry executive Jonathan Reiss, January renewals “are going to...

Natural catastrophe losses of $1.48 billion took a toll on XL Group’s third quarter performance, with the company reporting an operating net loss of $1.03 billion. Hurricanes Harvey, Irma and Maria accounted for the bulk of the catastrophe losses. XL...

Insuring against cyber-risk represents a major opportunity for the insurance-linked securities sector, but first there are hurdles to clear. And one of the things that needs to be overcome is the market’s “addiction” to property/catastrophe insurance...

The inflation rate jumped to 2.3 per cent in August, up 0.6 of a percentage point from a year ago. And between July and August, the average cost of goods and services in the consumer price index edged up 0.1 per cent. A basket of goods that cost $100...