Log In

Endurance Specialty Holdings has completed its acquisition of fellow Bermuda-based reinsurer Montpelier Re Holdings. The $1.83 billion cash-and-shares deal was announced in March when the boards of directors of both companies unanimously approved the...

Dear Dave, My husband and I are both 50, and we make about $50,000 a year. We have a little bit of debt, and recently my mother-in-law moved in with us due to health issues. We’ve always gotten by, but now we’re struggling with the additional expense...

Insurance and reinsurance firm Lancashire has rejected the idea of a merger with another firm as a way to boost business. Company CEO Alex Maloney said: “I don’t really buy the bigger is better thing. “I see no evidence of any of the companies that h...

Axis yesterday reported profits of $94 million for the second quarter of the year. Chief executive officer Albert Benchimol said book value, adjusted for dividends, grew 7 per cent over the last year. Mr Benchimol added: “Notwithstanding a more chall...

Validus Holdings Ltd took a $48 million hit from claims related to an oil rig explosion that left four people dead, the Bermuda reinsurer revealed last night. The platform, which was owned by Mexican state-run oil company Pemex, burst into flames in ...

Stormy weather helped push down second-quarter profits for reinsurance firm RenaissanceRe, the firm reported yesterday. Profits for the period fell $55.6 million year on year from $120.8 million to $73.2 million. Operating income for the firm totalle...

Global insurance and reinsurance broker Marsh & McLennan Cos (MMC) is looking for ways to trim its tax bill. In a conference call yesterday, Dan Glaser, the New York-based company’s chief executive officer, said: “The search for tax efficiency for us...

The sprawling former Lantana cottage colony is up for sale with a $16.9 million price tag. The ten-acre Sandys property with views of the Great Sound, the venue for the America’s Cup in 2017, has been closed for decades. It was bought by US business ...

Telecoms firm KeyTech today posted losses of $1.9 million for the year ended in March. The figure was $200,000 up on losses for the previous year. A statement from the firm added: “Net loss for the year from continuing operations was $15.9 million ve...

Retailers are enjoying a uniquely Bermudian fillip this week in the lead up to the Cup Match holiday. What is effectively a four-day holiday for many people is also a much anticipated peak sales time for shopkeepers. The final few days before the hol...