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Heritage Underwriting, which has an office in Bermuda, has licensed Boston-based AIR Worldwide Corporation’s catastrophe risk management systems. AIR’s catastrophe risk modelling systems will allow Heritage to monitor its Caribbean and US exposures w...

TORONTO (Reuters) - The Toronto Stock Exchange's main index closed more than 100 points higher as a flurry of take-over deals including miner LionOre and steelmaker Ipsco extended the previous session's sharp gains.The S&P/TSX composite index closed ...

A near $4 million drop in profits year-on-year has been recorded by White Mountains Insurance Group. However, the group increased its revenue from insurance and reinsurance premiums by $37 million to a total of $938 million across its three units One...

Tyco executive settles WASHINGTON (Bloomberg) — Former Tyco International Ltd. executive Edward Federman will pay $2.65 million to settle US Securities and Exchange Commission accusations he helped overstate operating income by more than $500 million...

Unless 2007 is a year of severe catastrophes, property and casualty insurance rates will probably go into freefall, leaving newcomers in the market struggling to survive. That is the dire warning from industry expert David Bradford, editor-in-chief o...

The race is on to find new ways of generating electricity for Bermuda as the Belco’s ageing Pembroke power plant reaches its capacity even as the Island’s electricity consumption is predicted to increase by 1.5 percent annually over the next 20 years...

Profits for Endurance Specialty Holdings fell $6.2 million to $101.8 million for the first quarter of 2007 compared to the same period in 2006. European windstorm Kyrill, which created a gross loss of $40 million for the company, knocked 9.6 percenta...

XL Capital plans to sell up to $325 million of senior notes due 2027 pursuant to XL's currently effective shelf registration statement. XL intends to use the net proceeds from the sale of its senior notes, together with available cash, to retire $825...

Choosing New Orleans as the scene of its 45th annual conference has enabled RIMS to give a small boost to the city still recovering from Hurricane Katrina with the influx of around 10,000 people for most of the week. But many companies' staff have g...

Only days after opening its first office in Bermuda, Lexington Insurance Company has introduced LexAssure(SM) — a primary professional liability insurance designed expressly for small- to mid-sized regional accounting firms with annual revenue greate...