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Dear Dave, My wife and I have $72,000 in debt from student loans and a car loan. We’re trying to pay off our debt using the debt snowball system, and we each make about $45,000 a year. She’s a teacher, and she’s planning on going back to school for h...

A number of jobs have been axed at TeleBermuda International. The company has not stated how many staff are affected but it is believed seven posts have been lost. TBi confirmed that jobs had gone and said it did not anticipate any more redundancies...

A three-week period featuring the sale of Validus to AIG, a major profits warning from Aspen and reports that XL is in takeover talks with Allianz has placed the future of the Bermuda market front and centre. The corporate developments follow disappo...

There is a global insurance gap, and it’s a big one. Natural catastrophes caused $350 billion of economic losses last year, and of that only $134 billion, or 38 per cent, was covered by insurance. A bigger number has been calculated by Swiss Re, whic...

Aspen has closed its Bermuda-based US property insurance unit, a move that impacts three members of staff. The unit was closed earlier this week, a few days after the Bermudian-based company reported a net loss of $184.9 million for the fourth quarte...

A day after Butterfield Bank’s shares rocketed more than 11 per cent on the New York Stock Exchange, there was a similar jump on The Royal Gazette/BSX Index. The bank’s shares improved by $4.55, or 11.6 per cent, to $43.80 after 15,594 changed hands....

Windstorms since the start of the year are expected to cost European insurers more than $2 billion, according to Aon Benfield. More than 20 people were killed last month by storms named Friederike, Eleanor and Carmen. Western and Central Europe were ...

Mike McGavick believes XL Group is poised for strong earnings growth in the coming years as a stand-alone company — and he is not surprised of reports of takeover interest from larger insurers. A Bloomberg report last week suggested that German giant...

Two Hamilton office buildings have found buyers in recent weeks amid increasing activity in the commercial property market. Sales have closed on Hemisphere House and Dorchester House, both on Church Street, said Penny MacIntyre, a partner with Rego S...

One of the most severe years for catastrophe losses has proven to be a “stress test” for Lancashire Holdings. The Bermudian-based company suffered a pre-tax loss of $3.2 million, or three cents per share, in the fourth quarter. For the year, the pre-...