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RenaissanceRe chairman and chief executive James N. Stanard yesterday resigned from the company he founded amid a regulatory probe into the reinsurer?s restatement of a finite risk contract earlier in the year. RenRe said Mr. Stanard?s departure was ...

Bermuda-based insurance stocks had a banner with investors apparently deciding that premium rates would rise after 2005?s disastrous run of hurricanes. Leading the way was IPC Re, which jumped 6.15 percent to $27.95 afer successfully raising new capi...

A diversification strategy paid off for BAS yesterday when the company released six month results yesterday showing the company had posted an operating profit of $2.5 million from continuing operations ? up 73 percent from the same period a year ago....

Butterfield Bank?s net income for the third quarter jumped 34 percent as the bank?s local business and overseas expansion strategies appeared to be paying off. Butterfield said in a statement yesterday that net income rose to $30.6 million for the th...

Two Bermuda document companies hope to sign an agreement this Friday to merge their operations, management told yesterday. The merger, which is legally an amalgamation, will bring together Central Filing Ltd., a provider of record management services...

Bermuda reinsurer IPC Holdings Ltd. yesterday saw its financial strength rating downgraded from A+ (Superior) to A (Excellent). Oldwick, New Jersey-based ratings firm AM Best made the downgrade, also lowering its rating to ?a? from ?aa-? on the compa...

Today we're going to take a look at what is a surprisingly complicated area for earthlings ? that of CD-drives and all that surrounds them. CD-Drives, at their outset in the 1980s, represented a huge step forward for computing. They were the first no...

A.M. Best Co. has affirmed the ratings of Arch Insurance Company (Europe) Ltd. as a reflection of adequate risk-adjusted capitalisation, good prospective profitability and a limited but improving business profile as a recently formed company, Best sa...

Radio frequency identification (RFID), which I have previously described as a transformational technology (along with nanotechnology) has the potential to also be a means of tracking us to levels unfrequented before. That is why many security experts...

Axis Capital Holdings Limited posted a loss of $468.1 million or $3.32 per share for the quarter ended September 30, 2005 after estimating $804.5 million in losses from Hurricanes Katrina and Rita. This compares with net income of $6.3 million or fou...