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Everest Re Group second-quarter 2022 results include net income of $123 million ($680 million in 2021). Gross written premium was up 8.1 per cent over the comparative period to $3.4 billion. Combined ratios were 91.8 per cent for the group, including...

The RG/BSX Index closed unchanged at 2,230.73 with no trading on the Bermuda Stock Exchange for the three days of the short week. The Bank of N.T. Butterfield & Son Limited closed 57 cents (1.69 per cent) higher at $34.35 on the New York Stock Exchan...

The US Federal Reserve, the country’s central bank, boosted its benchmark overnight interest rate by 75 basis points today as it seeks to control runaway inflation in the world’s largest economy. The three-quarters of a percentage point rise is the F...

Lancashire Holdings Limited had a $7.1 million loss for the six months ended June 30, 2022, after strong growth of 34.6 per cent in gross premiums written year on year to $938.1 million. “We continue to see attractive rate increases across a number o...

Axis Capital Holdings Ltd has reported second quarter net income available to common shareholders of $27 million. That compares to net income available to common shareholders of $228 million for the second quarter of 2021. Gross premiums written incr...

Following a period of rapid growth, global financial services provider Apex Group Ltd. has partnered with software company AlphaCentrix to bring data management solutions to its clients. The Bermuda company said AlphaCentrix software will ensure cons...

Melanie Fullerton has been promoted to senior counsel in the Bermuda regulatory and risk advisory team of Walkers (Bermuda) Limited. A Bermudian Called to the Bar in 2014, she joined Walkers from the Bermuda Monetary Authority, where she worked in th...

A lot of records fell as Chubb reported reduced second-quarter net income of $1.22 billion, down from $2.27 billion from the same period in 2021. Net income in the quarter was adversely impacted by realised losses of $565 million after tax, principal...

Net realised and unrealised losses of a staggering $654 million, primarily in the fixed-maturity investments portfolio, crashed Bermuda reinsurer RenaissanceRe to a startling 2022 Q2 net loss of $324.9 million. The poor investment performance, driven...

Credit Suisse Life (Bermuda), a division of the banking giant Credit Suisse, has had an application before the Supreme Court rejected by Chief Justice Narinder Hargun. CS Life wanted a $607.35 million judgment against them to be paid from accounts se...