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Bermuda-based re/insurer, Arch Capital Group yesterday reported a fourth quarter profit of nearly $14 million despite heavy losses from Hurricane Sandy. The net income of $13.7 million compared to a net income of $138.9 million for the fourth quarte...

Shares of BF&M rose by 20 cents (1.24 percent) to close at $16.25 as 300 changed hands during a quiet day of trading for the Bermuda Stock Exchange. The only other change was to the shares of utilities company Ascendant Group, which improved by 10 ce...

Do you need to finance a change in the ownership of an existing company, development of a hotel property, management buy-out or other capital raise? Don’t take the following approach when looking to raise money: “We need to raise ten to 50 million d...

Severe flooding in Australia and Indonesia and the worst tornado outbreak in the US since 2008 drove global insurance costs in January, causing economic losses of more than $6 billion and insured losses of about $800 million. That’s according to a ne...

Insurer CNA Financial has reported a loss for its fourth quarter as it dealt with claims from Superstorm Sandy. The company reported a full-year net profit of $628 million after taking a $9 million net loss in the fourth quarter, or three cents per ...

When I started these weekly Booster Shots some nine years ago I am not sure I would have believed that I would still be doing them today. To reach this milestone of 450 of them is amazing to me! It has been both an adventure and a wonderful learning ...

KPMG and the Bermuda Economic Development Corporation (BEDC) are hosting an informative and interactive seminar today to provide insight into financing issues faced by medium-sized businesses in Bermuda. Entitled “Bank Financing in Today’s Environmen...

Bermuda re/insurer Axis Capital Holdings Ltd announced yesterday that it is offering and selling more than 2.7 million common shares in an underwritten secondary public offering. The company said the shares will be sold at a two percent discount to ...