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Major building projects in the US would boost the economy and demand for insurance and reinsurance. Kevin Kelley, the chief executive officer of Bermuda-based Ironshore, said poorer-than-expected economic performance in key regions had led to a weake...

Bermudian-based insurer and reinsurer Endurance has announced investment losses of $28 million. The company — due to announce its first-quarter results next month — said it expected its net investment income for the period to be $11 million. An Endur...

Clarien Bank is to receive a cash injection of $12.6 million from its sole shareholder Edmund Gibbons Ltd and a Canadian private-equity firm. The investment will enable Clarien to exceed the tougher capital regulatory requirements of the Basel III st...

A deal that will see Atlantic Tele-Networks, the American telecommunications company, take a controlling interest in KeyTech has passed one of its last hurdles, with the Regulatory Authority of Bermuda granting approval. That decision now goes to Gra...

XL Catlin has announced Philippe Gouraud as head of strategic client and broker management for its insurance segment. Mr Gouraud has extensive experience in the industry, including 15 years in underwriting and senior account management roles with AIG...

Insurance firm BF&M today reported earnings of $23.9 million for last year, up by $2.1 million on 2014. The 2015 figure resulted in a return on shareholders’ equity of 9.6 per cent. Gross premiums written for the year were $336.1 million, a decrease ...

Telecoms firm Digicel has increased its mobile phone fee by $2.15 to $9.50 per month. The move came after government increased fees as part of the annual Budget, something that will affect customers with all carriers. Digicel said the increase went i...

Watching a movie on your smartphone while you’re out and about in Hamilton could soon be an option. The island’s main mobile phone service providers are gearing up to roll out 4G LTE networks that will give customers a much-enhanced, faster data serv...

The managing director of Italian investment giant Exor was yesterday appointed chief financial officer at the firm’s Bermudian subsidiary PartnerRe. Mario Bonaccorso will replace Bill Babcock, who served at the reinsurance firm as executive vice-pres...

NEW YORK (Bloomberg) — Assured Guaranty Ltd is seeking financial information from Puerto Rico, and is looking to Washington for help. The Bermudian-based bond insurer, which guarantees repayment on about $3.8 billion of commonwealth securities, sent ...

Monitors of HSBC’s anti-money laundering and sanctions evasions found “widespread compliance failings” at the bank’s Bermuda operation, The Wall Street Journal reported yesterday. The newspaper said that “people familiar with the situation” said that...

Lancashire Insurance Company Ltd has entered into a new $300 million credit facility involving a group of banks. The company is a wholly owned subsidiary of Bermudian-based Lancashire Insurance Company Ltd. Lloyds Bank and Barclays Bank are the joint...