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Lancashire Holdings has reported after tax profits for the last three months of 2016 at $51.1 million and $153.8 million for the full year, both down on the same figures in 2015. The fourth-quarter drop was about $3 million compared to the same perio...

Qatar Re’s chief underwriting officer Alastair Speare-Cole, an early supporter of the reinsurer who later became one of its key executives, has resigned. He is to be replaced by his deputies Luke Roden and Michael van der Straaten. Gunther Saacke, ch...

It is the million-dollar question, literally. How much did Bermuda get back from the $1.3 million spent on a nine-month tourism advertising campaign last year? The answer is $17 million, or a return on investment of $15.30 for each advertising dollar...

Arch Capital Group made a profit of $62.4 million, or 50 cents per common share, in the fourth quarter. That improved on the $53.1 million it reported for the same period of 2015. The company’s after-tax operating income was $141.5 million, or $1.13 ...

Argo Group has reported a dip in profits for the fourth quarter and the full year. The Bermudian-based company’s net income for the quarter was $32.9 million, or $1.07 per common share, compared with $41.2 million for the same period in 2015. For the...

New cybersecurity regulations for financial institutions in New York have the potential to raise losses for insurers. That is the warning from Fitch Ratings ahead of the New York Department of Financial Service’s new rules, which become effective on ...

Aspen Insurance Holdings Ltd made an operating loss of $7.4 million, or 34 cents per share, in the fourth quarter, partly as a result of a repositioning of its insurance segment. For the year, the Bermudian-based re/insurer’s net income was $203.4 m...

A ship management company with offices in Bermuda is involved in the building of a potentially ground-breaking gas supply vessel. The ship will be used to deliver liquefied natural gas for refuelling of ships, such as ferries, containers and cruise s...

Bermudian-based Frontline Ltd has acknowledged the decision by DHT Holdings to reject an offer to combine the crude oil tanker businesses. Frontline, which is more than twice the size of DHT in terms of market capitalisation and fleet size, had propo...

A smoothie and juice business that started as a home-based enterprise a few months ago has set up in premises on Elliott Street. The change was necessary after a house move meant there was no longer space at home to prepare juices for clients. In Dec...