Log In

RenaissanceRe Holdings Ltd’s net income dipped 36 per cent in the fourth quarter as the company grappled with pressure on pricing from abundant capital in the industry — but operating earnings surpassed analysts’ expectations. The company posted net ...

Global business insurer XL Group beat analysts’ estimates as it generated operating income of $293.9 million in the fourth quarter of the year. The Ireland-based company with substantial operations in Bermuda, which last month announced that it had a...

Four days remain for the public to comment on the proposed purchase of the Bermuda Telephone Company by Digicel. A reminder issued by the Regulatory Authority of Bermuda today requested that all comments for consideration be received by 4pm on Frida...

The mega-merger between reinsurance firms Axis and PartnerRe has been given the thumbs up by a ratings agency. Moody’s gave the deal a positive rating — and placed Axis’ rating on review for an upgrade. Moody’s said: “The combination of the two platf...

A St George’s MP has hit out at the deplorable state of street lighting in the parish. Kenneth Bascome says he has counted 58 lights in and around the Olde Towne that have not worked for more than a month. He told The Royal Gazette he had received a ...

Bermuda-based insurance and reinsurance firm Validus has reported profits of $481.3 million for last year — down from $532.7 million the year before. Validus chairman and CEO Ed Noonan said: “During 2014, Validus delivered an impressive 13.2 per cent...

Bermuda-based Enstar Group Ltd has completed the acquisition of Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. Enstar, a specialist in acquiring and managing insurers that have stopped writing ne...

Global insurer Ace Ltd last night reported record full-year operating earnings of $3.3 billion. But the strength of the US dollar had a negative impact on the growth of premium revenues and book value per share, chief executive officer Evan Greenberg...

Telecoms firm CellOne has gone to court in a bid to block a move by regulators to strip it of a chunk of the airwaves. Now the firm has launched a legal bid against the Minister of Economic Development Grant Gibbons in a bid to reverse the decision b...

Axis Capital Holdings Ltd and PartnerRe Ltd have agreed to merge, the companies announced last night. The deal — between two of the five biggest companies in the Bermuda insurance and reinsurance marketplace — will create a group with a market capita...

By Jonathan Kent Regulators are seeking comment on Digicel’s planned takeover of The Bermuda Telephone Company (BTC). This evening, the Regulatory Authority of Bermuda (RAB), which oversees the telecommunications sector, said the proposed merger “fel...