Log In

A "mild softening" of the casualty market and a greater focus on excess-of-loss business contributed to a $4.2 million dip in first quarter profits for Platinum Underwriters Holdings Limited, according to chief executive officer Michael Price. The lo...

Bermuda-based energy industry mutual Oil Insurance Limited is to lose 13 shareholder members by the end of next month. That will reduce the total shareholders of OIL to 61. At the end of 2006 there had been 83 members but nine others left on January ...

LONDON/AMSTERDAM (Reuters) — British bank Barclays Plc has agreed to buy Dutch rival ABN AMRO for about [EURO]67 billion ($91 billion) in shares as it attempts to fight off rivals to clinch the world's biggest bank takeover.The deal will boost Barcla...

To mark what was once known as Secretaries' Day, the Bermuda branch of the International Association of Administrative Professionals (IAAP) held its opening event of a week to highlight the work of an often overlooked segment of the workforce. Guest ...

Everest Re Group Ltd. massively outperformed analysts' expectations as it reported first-quarter net income of $297.6 million — up almost 77 percent on the same period a year earlier. Operating income, which excludes realised capital gains and losses...

ATLANTA (Bloomberg) — Delta Air Lines Inc., preparing to exit bankruptcy this month, said its first-quarter net loss narrowed to $130 million as it shifted more service to higher-profit international routes.The loss a year earlier was $2 billion, Atl...

Taking advantage of the turmoil caused in the credit market by instability in the US sub-prime mortgage arena, and higher reinsurance premiums through a shift to "upfront premiums" have contributed to a 47 percent increase in the total income of Secu...

TORONTO (Reuters) - The Toronto Stock Exchange’s main index ended lower as investors locked in profits following the market’s recent record-setting pace and ahead of the Bank of Canada’s interest rate decision today.The S&P/TSX composite index closed...

PartnerRe last night reported a 12 percent fall in first-quarter net income compared to 2006 after it sustained losses of $44 million from a winter storm in Europe. The storm, named Kyrill, brought hurricane-force winds and widespread damage to the U...

Declining stock value in the insurance sector and a slight drop in the value of Butterfield Bank shares led the Royal Gazette / Bermuda Stock Exchange to a 21.69 point (0.4 percent) drop to 5164.7. Shares of BF&M lost 50 cents (2.8 percent) to finish...