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Aon Global Risk Consulting has recruited Liz Frederick from Kane to work in its Bermuda office. As head of the global insurance-linked securities practice, Ms Frederick will focus on administration and advisory services for ILS products, including c...

In a sign of the times, a second-hand furniture company saw its entire inventory carted away by court order. Even the small business’s truck was towed away. No mercy was shown to Auction De Mitra, seller of Persian rugs, Bermuda cedar, antique and ot...

With the US presidential election less than two weeks away, many in the insurance and reinsurance industry — the largest sector of Bermuda’s economy — will be watching the results closely. That’s because the outcome of the election could very well d...

Bermuda-based reinsurer Validus Holdings Ltd last night posted net operating earnings of $170.6 million that easily beat the expectations of Wall Street analysts. The company benefited from the absence of notable loss events, as it recorded net incom...

With Halloween just around the corner, retail sales haven’t been so scary, say local shops. Customers, including tourists, are out in numbers despite the recession, snapping up playful costumes, accessories and candy. The Dollar Store chain, Phoenix ...

OLDWICK, New Jersey (BestWire) - The top officer at Ace Ltd is calling for federal lawmakers to take immediate action to stem the tide of red ink flowing from Washington, including cutting spending and raising revenue. “There is no greater challenge...

The Cayman Islands has, for the first time, introduced ten-year work permits. Until now, the maximum any foreign employee could be approved for was a five year work permit. The Cayman government amended its immigration policy on October 16 to reflec...