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XL employees went to work for non-profit organisations all over the Island last Friday. Their services were donated by the company as part of its ninth annual community service programme known as XL’s Global Day of Giving. Around 120 of XL’s Bermud...

The Bermuda-based boss of Hiscox’s reinsurance operations expects the unit he heads to write less business than it did last year — and that does not bother him at all. For Hiscox Re chief executive officer Jeremy Pinchin, the focus is not on quantity...

The global economy is undergoing a seismic shift which will lead to the emerging markets collectively becoming larger than today’s developed economies during the next 35 years. That is one of the conclusions of a report by HSBC Global Research, entit...

NEW YORK (Bloomberg) — American International Group, the largest commercial insurer in the US and Canada, said first-quarter profit fell 27 percent as claims costs climbed at the property-casualty business. The stock dropped in extended trading. Net ...

Bermuda re/insurer Endurance Specialty Holdings Ltd nearly doubled analysts’ estimates for first-quarter operating earnings as the company’s chairman and CEO John Charman said a year-old transformation of the company was starting to bear fruit. Endur...

XL Insurance (Bermuda) Ltd has agreed to sell its life reinsurance operation to GreyCastle Holdings Ltd for $570 million. GreyCastle Holdings is described as “a newly-formed Bermuda company whose shareholders include large family offices and universi...

NEW YORK (Reuters) — Former AIG chief Maurice “Hank” Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. Justice Charles Ramos of New York state court ...

Global re/insurer Ace Ltd beat Wall Street’s expectations as it recorded net income of $734 million for the first quarter. Operating income was $2.27 per share, compared to the $2.12 per share consensus expectation of analysts tracked by Yahoo Financ...