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First Atlantic Commerce Ltd. (FAC) and its merchants the leading eCommerce payment solutions provider has appointed four new staff members. “FAC processed record transaction volumes in the last quarter and its merchant base, which includes industries...

Axis Capital Holdings Ltd. continued the Bermuda reinsurance sector?s run of strong third quarter results after the record 2005 hurricane season shattered the same period a year ago when it turned a $226.2 million profit. Axis, which cautioned agains...

Troubled Bermuda insurer Quanta Capital Holdings Ltd. yesterday said it had entered into a new credit facility which will be used to support the issuance of letters of credit securing its obligations to pay claims under its remaining reinsurance cont...

RenaissanceRe Holdings Ltd. beating earnings estimates by more than a dollar a share as a bet on increasing its catastrophe reinsurance capacity paid off. RenaissanceRe reported net income of $251.1 million in the third quarter or $3.48 a share compa...

Bermuda reinsurance stocks fell yesterday after third-quarter results from Axis Capital were lower than expected. RenaissanceRe Holdings, which beat expectations, also saw its share price fall. Axis reported net income of $235.4 million and operating...

Endurance Specialty Holdings Ltd. (ENH) said Tuesday that Chief Executive Kenneth J. LeStrange entered a plan to sell up to 185,899 shares of the company’s stock. According to a filing with the Securities and Exchange Commission, an independent broke...

NEW YORK (Bloomberg) — Morgan Stanley agreed to buy Greenwich, Connecticut-based FrontPoint Partners LLC, making its second hedge-fund investment in as many days.Morgan Stanley, the second-largest US securities firm by market value, is paying about $...

NEW YORK (Dow Jones) — Max Re Capital Ltd.’s decision to restate earnings to write off questionable contracts, and the resignation of its top executive, underscore the company’s conservative approach to resolving the contract issues, Max Re’s chief f...

Butterfield Bank yesterday posted net income of $34.7 million for the third quarter 2006, up 13.1 percent a year earlier as strong revenue growth offset jumps in expenses and staffing. The result brought year to date net income to $101.6 million, a 1...

XL Capital has completed the first module of its insurance leadership course for Chinese executives and regulators as it bids to show its commitment to the Chinese insurance market. ?We are very proud of the global company we have built at XL and we ...