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Hurricane Ida will be more of an earnings hit as opposed to a capital event for the insurance industry, A.M. Best posits in its latest commentary. The rating agency said that because a number of Louisiana writers are regional players with lower level...

Bermuda is home base for 14 of the world’s top 50 reinsurers, a new list published yesterday by global rating agency AM Best reveals. The list which reflects the latest available 2020 compilation, confirms the continued concentration of reinsurance e...

Restaurateur Emilio Barbieri really wanted to turn everything gold, to celebrate half a century with the Little Venice Restaurant on Bermudiana Road. “Gold is the colour for a 50th anniversary,” said Mr Barbieri who took over the restaurant on Septem...

The RG/BSX Index closed unchanged at 2,594.32 in the absence of trading on the Bermuda Stock Exchange. The BSX Insurance Index remained unquoted for continuing technical reasons. The Bank of Butterfield closed at $33.31, down two cents (0.06 per cent...

Bermuda-based Arch Capital Group Ltd has completed the previously disclosed acquisition of Australia’s Westpac Lenders Mortgage Insurance Limited. WLMI is an Australian Prudential Regulation Authority authorised captive lenders mortgage insurance pro...

Borr Drilling Limited, the Bermuda-based oilfield services company, has reported a net loss of $59.9 million for the second quarter of 2021. The company said that was an increase of $5.5 million compared to the first quarter of the year, impacted by ...

Babson College business administration major, Isabella Boonstra, is enjoying her summer internship at Marsh McLennan’s leading global risk and reinsurance specialist, Guy Carpenter. Ms Boonstra, a graduate of Suffield Academy in Connecticut who is en...

Damage caused by Category 4 Hurricane Ida is expected to result in an insured loss of between $15 billion and $25 billion, Zurich-based Twelve Capital AG has estimated. The company is an independent investment manager specialising in insurance invest...

The global pandemic has highlighted climate change together with diversity issues such as inequity and social injustice – issues that also are increasingly being considered by executives and directors of the world’s modern banks as an evolving concer...

The RG/BSX Index finished down 2.38 points (0.09 per cent) at 2,594.32 after 200 Argus shares ($1,270) traded on the Bermuda Stock Exchange. The BSX/Insurance Index remained unquoted because of technical reasons. The Bank of Butterfield finished on t...