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Credit Suisse Group AG, the global investment bank, is using a Bermudian-based special purpose insurer as a vehicle for an innovative bond that would offload risk from events including rogue trading and cybercrime. The bond is reportedly similar to a...

The US telecommunications company that is in the process of acquiring a 51 per cent share in KeyTech, the parent of Logic, has reported first quarter revenues of $89.7 million. Atlantic Tele-Network’s revenues were 5 per cent higher, year-on-year, wh...

An initiative to attract sports teams and sports-orientated tourists to Bermuda during the winter months is paying off for businesses on the island. More hotel rooms are being booked, transport operators are picking up business during what is usually...

Validus Group’s first-quarter profit was $166.8 million, a fall of 3.8 per cent compared to the same period in 2015. However, year-on-year there was no change in the $1.98 net earnings per common share available to Validus. The group bought back 1.4 ...

Shares of Argus Group Holdings Ltd fell 7.5 per cent in Bermuda Stock Exchange trading. The insurer’s shares slid 30 cents to close on $3.70 as 10,000 shares changed hands. Butterfield Bank gained 1 cent to close on $1.65 as 50,000 shares traded. Asc...

Andrew Gibbs is to rejoin the private sector after leaving a top role at the Bermuda Monetary Authority, Mr Gibbs, who was director of insurance supervision at the island’s financial regulator for two years, will join AmTrust International Insurance...

Arch Capital Group increased its gross premiums written during the first quarter but saw its profits fall. The net income available to common shareholders was $149.3 million, down from $277 million for the same period last year. That result, which eq...

Leveraging professional skills sets and applying them to your personal life can lead to more success and fulfilment. That was a message shared by Christie Hunter Arscott, a Bermudian gender and generations strategist and independent consultant whose ...

XL Group’s first-quarter earnings missed Wall Street estimates as increases in catastrophe losses and integration costs hit results. The business insurer’s operating earnings were $103.4 million, or 35 cents per share, down from the $194.4 million XL...

A team of industry and regulatory experts from Bermuda will travel to Toronto to tell Canadian corporations about the benefits of captive insurance companies on the island. The informative executive forum, a Bermuda Business Development Agency initia...