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Bermuda re/insurer Maiden Holdings Ltd has raised more than $100 million on the capital markets. The company said on Friday that its US holding company, Maiden Holdings North America, Ltd, had closed its offering of $107.5 million aggregate principal...

NEW YORK (Bloomberg) - HSBC Holdings plc asked a judge to dismiss a $9 billion lawsuit by the trustee liquidating Bernard Madoff’s firm, saying he is not allowed by law to bring such cases on behalf of the confidence man’s former customers. Irving Pi...

Bermuda’s Emerging Professionals (BEPRO) will be hosting a three-part series of “Lunch and Learns” which will focus on personal finance. Some of the Island’s top financial institutions including banks, insurance companies, and asset management busin...

Utilico Emerging Markets Ltd made a return of 21.4 percent per share in the year to March 31, 2011 despite tough economic conditions. The Bermuda Stock Exchange (BSX) listed company’s total return was achieved by a diluted net asset value (NAV) per s...

Bermuda reinsurers are seeing rate rises for property business, according to a report from industry analysts who interviewed a dozen executives on the Island. Mid-year renewals were up between eight percent and 12 percent for midyear renewals of glob...

Validus Holdings Ltd expects to take a hit of $55 million to $75 million from the two severe storm outbreaks that shook the US during April and May 2011, according to initial loss estimates. The storms consisted of flooding, hail, tornadoes and wind ...

The Bermudian Business magazine will no longer be published as a separate publication, but will instead be combined with its stablemate The Bermudian. The announcement came in a press release from The Bermudian Publishing Company yesterday, which ad...

Ram Holdings Ltd boosted its profits by $6 million during the first quarter of 2011, up from $1.8 million for the same period last year. Ram’s CEO David Steel said: “Our first quarter net income was largely driven by the continued run off of our info...

AM Best Co has affirmed at A- the financial strength rating of the operating units of Bermuda insurer Ironshore. The ratings agency also affirmed the company’s issuer credit rating of “bbb-” and declared a stable outlook for all ratings. The operatin...