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NEW YORK (Bloomberg) — Evan Greenberg, who built one of the world’s largest insurers by combining Ace Ltd and Chubb this year, sought to portray the merged company as a more stable alternative than hobbled rivals who are seeking to rebound. “When the...

Argus Group shares added 29 cents, or 7.8 per cent, to close at $3.99 after 30,000 were traded on The Royal Gazette/BEX Index. No other shares were exchanged, with the index rising 5.76 points, or 0.5 per cent, at 1,165.71. The BSX Insurance Index cl...

Butterfield Bank is looking into the possibility of listing its shares on a US stock index in order to increase its ability to raise capital and provide more liquidity for shareholders. In addition, the bank is mulling the possibility of placing its ...

KeyTech and CellOne have created a new full-service telecommunications combination, sealing a series of linked deals involving both companies and US-based Atlantic Tele-Network. Frank Amaral will lead the combined company. For the past seven years he...

Frederic Reiss assisted the Ohio-based mining company Youngstown Sheet & Tube Company, to establish subsidiaries, later known as captives, which exclusively insured the company’s mining operations. The captive insurance concept was thus born as a sop...

The new Chubb Ltd got off to a strong start by exceeding the expectations of both Wall Street and Evan Greenberg, the company’s chairman and chief executive officer, in the first three months of this year. Formerly known as Ace Ltd until its $29.5 bi...

Maiden Holdings’s profit dipped $5.2 million to $27.2 million during the first quarter. However, the company saw its gross premiums written increase by 3.8 per cent, year-on-year, while its net operating earnings improved to $28.3 million, up from $2...

Butterfield Bank saw 12,000 of its shares traded on The Royal Gazette/BSX Index. There was no change in the closing price of $1.63. The Royal Gazette/BSX Index was also unchanged at 1,159.95. The BSX Insurance Index was up 31.34 points, or 1.96 per c...

Lancashire Holdings saw its profit almost halved to $28.3 million in the first quarter. However, the company kept its combined ratio steady at 72.7 per cent, only a fraction higher than the same period last year. Price reductions on renewals in Janua...

Blue Capital Reinsurance Holdings Ltd posted a $5 million profit to beat Wall Street estimates. The company, which offers collateralised reinsurance and insurance-linked securities investments, said the net and operating income was 57 cents a share, ...