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PartnerRe Ltd has increased its loss estimate for the Japanese earthquake and tsunami by another $230 million. The re/insurer announced initial loss estimates of approximately $500 million last month. PartnerRe president and CEO Costas Miranthis said...

Majestic Capital Ltd is to voluntarily delist from the Nasdaq Stock Exchange. The Bermuda-based company, whose subsidiaries offer workers’ compensation insurance in the US, said in a regulatory filing on Friday the effective date of the delisting wou...

Bermuda’s re/insurance industry is bracing itself for more catastrophe losses after an expensive first quarter from the deadly tornadoes that have wreaked havoc in the United States. The storms, some of which have been classified as EF5 storms - the ...

Bermuda-based White Mountains Insurance Group Ltd made a net loss of $28 million in the first quarter as its reinsurance segment took a $125 million hit from catastrophe losses. However the group, which includes OneBeacon, White Mountains Re and Esur...

NEW YORK (Bloomberg) Bermuda-based Lazard Ltd, the largest independent merger adviser, said first-quarter earnings fell 4.7 percent as revenue from advising on restructurings declined. Profit was $58.5 million, or 43 cents a share, compared with $61....

NEW YORK (Reuters) - While a jury studied the evidence in Raj Rajaratnam’s trial yesterday, a former trader associated with his Galleon Group hedge fund became the latest to plead guilty in a sweeping government probe of insider trading on Wall Stree...

Nabors Industries Ltd’s profits rose more than doubled during the first quarter of 2011 - but the company expects to do even better in the next quarter according to its chairman and CEO. The Bermuda-based drilling firm reported net income of $82.2 m...

Making the most of your investment choices was the focus for Business Bermuda Local Awareness Committee’s last monthly luncheon seminar of the season. The sixth seminar of the series entitled ‘Investing 101: Making the Most of Your Investment Choices...

NEW YORK (Reuters) - The fate of hedge fund founder Raj Rajaratnam was in the hands of a jury yesterday in the biggest Wall Street insider trading trial in decades, a case that featured FBI phone taps and former friends who testified against him. Jur...

NEW YORK (Reuters) - Raj Rajaratnam’s week-long defence at his insider trading trial amounted to a blizzard of numbers, graphs and documents. Some litigation experts said the “data dump” strategy was an effort to convince the jury that Rajaratnam, wh...