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Bermuda-based reinsurer Validus Holdings reported a record first-quarter profit of $124.2 million, despite “meaningful catastrophe losses” related to the Costa Concordia event and US tornado incidences. The company’s net income, which broke down to $...

When it comes to providing reinsurance coverage, countries around the world have more appreciation for tiny Bermuda today than ever before. That is the belief of Endurance CEO David Cash, who in an audio interview with ratings agency AM Best, said US...

Business Bermuda has just wrapped up its annual Bermuda Financial Services Conference in London. The event, held at the Mandarin Oriental, Hyde Park, hosted a series of panel sessions covering key issues in the financial sector while discussing the a...

A major agreement to boost Chinese business and investment was signed yesterday in Beijing between Business Bermuda and the China Council for the Promotion of International Trade. The Memorandum of Understanding was signed during the Island’s first o...

He’s been on the job for just four-and-a-half weeks, but already Bacardi’s new CEO Ed Shirley is settling in and says he’s excited about his new role here in Bermuda. The head of one of the largest spirits companies in the world sat down with The Ro...

Premier Paula Cox will travel to New York next month to tout the benefits of doing business in Bermuda. The Premier will be the keynote speaker at the New York Society of Security Analysts’ (NYSSA) ‘Investing in Bermuda’ Conference on May 2. Members ...

Financial brokerage firm LOM Group has announced the launch of a new online equities trading service. According to the firm, the new platform, called Opus, has been two years in the making and allows the company’s international client base to view th...

Bermuda will not see Solvency II equivalence until late 2013 at the earliest. That is what Bermuda Monetary Authority CEO Jeremy Cox told a packed audience at the Bermuda Insurance Institute’s (BII) spring luncheon yesterday, adding that the delay in...