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The XL Group board has backed a massive $1 billion share buyback programme, the company announced today. And the insurance and reinsurance giant will pay a quarterly dividend of 22 cents a share on its common shares at the end of next month, up two c...

The Trump presidency could be good for business and investors, an island asset management firm said yesterday. Bryan Dooley, general manager of LOM Asset Management, said: “We see a lot of positives — the whole pro-business attitude is good for marke...

Jonathan Kent, Business Editor Maiden Holdings Ltd shares plunged by nearly 10 per cent yesterday after the reinsurer said it was taking a $120 million charge to boost reserves in its commercial auto division. The Bermudian company, which has offices...

The Bermuda trust is a popular estate planning vehicle for private clients wishing to structure their affairs in a tax efficient manner. There are a whole host of reasons why this is so, including asset protection, preservation of wealth for future g...

Fourteen businesses and organisations have signed up for the second Xtreme Sports Games, and organisers are hoping a few more will join in before the closing date deadline at the end of next week. Two banks, a number of financial services companies, ...

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...

The Royal Gazette/BSX Index closed unchanged at 1,988.17 after a day of no trading. On the New York Stock Exchange, Bank of Butterfield shares were down 53 cents, or 1.59 per cent, at $32.74. The BSX Insurance Index was up 16.61 points, or 0.91 per c...

Ascendant Group Ltd today announced the appointment of a new legal counsel and company secretary. Lorianne Gilbert took over as general counsel at the start of this month and became secretary last November. Sean Durfy, chief executive officer of Asce...

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...

Almost a dozen years ago, then-New York Attorney-general Eliot Spitzer filed a fraud lawsuit against former American Insurance Group chief executive officer Maurice “Hank” Greenberg over two reinsurance transactions that purportedly gave an improper ...