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Reinsurance firm RenaissanceRe yesterday posted $69.4 million in profits for the last quarter of 2016 — $22.8 million down on the $92.2 million for the same period of 2015. The company said that Hurricane Matthew, a Category 5 storm that cut through ...

Colonial Group International is the first insurance company in Bermuda to deploy machine learning cyberdefence technology in its network. The artificial intelligence technology comes from British and US-based Darktrace, and detects anomalies in a net...

Spanish-speaking captive insurance experts in Bermuda have created special webcasts aimed at Latin American audiences in a bid to drum up business in the region. The move by the Bermuda Business Development Agency follows the World Captive Forum, hel...

Chubb’s annual profit topped $4 billion for 2016, as the global insurer declared fourth-quarter earnings that surpassed analysts expectations. Evan Greenberg, chairman and chief executive officer of Chubb Ltd, attributed the results to “world-class” ...

A challenging start to the year, and catastrophe losses from Hurricane Matthew and earthquakes in New Zealand, dragged down XL Group Ltd’s earnings for 2016. Net income for the year dropped from $1.2 billion, or $4.15 per share, to $441 million, or $...

Allied World Assurance this evening posted a loss of nearly $41 million in the last quarter of 2016 and in the run-up to its acquisition by a Canadian investment and insurance company. The net loss of $40.9 million, or 47 cents per diluted share, for...

The Royal Gazette/BSX Index today closed unchanged at 2023.60 after a day of no trading. On the New York Stock Exchange, the Bank of Butterfield was up 26 cents, or 0.79 per cent, at $33.15. The BSX Insurance Index ended the day down 2.12 points or 0...

Axis Capital Holdings Ltd shook off the impact of US weather-related catastrophes to post net income of $131 million in the fourth quarter. Operating income totalled $101 million, or $1.14 per share, comfortably beating the 87 cents per share consens...

Corporate services providers may have to up their insurance cover in the wake of new government regulations, an island insurance firm warned yesterday. Freisenbruch-Meyer said that the new rules, which come into effect at the start of October, were d...

Initiative. When we assess potential opportunities and particularly when we are looking to employ new people one of the most critical requirements is for the person to demonstrate initiative. You will note that this word is derived from initiate — or...