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Renaissance Re has suffered a $116 million drop in profit for the third quarter, partially due to a $36 million charge to reflect anticipated third quarter loss at ChannelRe Holdings driven by unrealised mark-to-market losses. The company's gross wri...

RAM Holdings is warning its third quarter results, due out next Monday, will be affected by a mark-to-market loss of around $28.4 million and as a result the company expects to report a net loss. The loss is in respect of its credit derivatives portf...

Butterfield Bank has reported third quarter profits of $39.6 million, a record for the group and up 14.4 percent year on year. Pre-tax net income was $41.6 million, up 16.3 percent on a year ago. Diluted earnings per share were $0.46, up seven cents ...

Axis Capital Holdings has seen its profit rise $44 million year-on-year for the third quarter to $279.1 million. That represents a record net income for the quarter available to common shareholders of $270 million, compared to $226 million a year ago...

Bermuda-based Lancashire Holdings has doubled its after-tax profit for the third quarter to $105.2 million and reaffirmed its projection of ending the year with at least a 20 percent increase in its gross premiums written. During the third quarter th...

American Safety Insurance Holdings has seen its profits rise slightly to $7 million from $5.3 million a year ago. It's third quarter results reveal an 18 percent rise in gross written premiums to $50.3 million and an improved combined ratio that has ...

In one swift move Butterfield Bank has expanded its wealth management reach to Hong Kong, London and Malta. The bank has bought privately-held international wealth management company Bentley Reid Group, including its offices around the world and its ...

The US operating arm of ACE Limited has agreed to pay $4.5 million to resolve allegations that it was involved in "pay to play" tactics used by insurance brokers in the US to inflate premium rates for business. It is alleged that ACE conspired with M...

Arguably the most famous economic commentator in the world, Dr. Alan Greenspan visits Bermuda today as a keynote speaker for a hedge fund conference taking place at the Fairmont Southampton Hotel. The former Federal Reserve chairman will address hund...

Hedge fund managers and other financial market-types had a dream first day at the start of the 14th Annual MARHedge Hedge Fund Summit that got underway in Bermuda yesterday and concludes tomorrow. In an effort to ease into the summit gently, delegate...