Log In

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...

XL Group posted net income of $255.7 million in the first three months of the year in what CEO Mike McGavick described as “one of the best quarters since the end of 2008” for the company. The global business insurer’s operating net income of $238.6 m...

CellOne has launched its new ‘Travel Pass’ to help customers roaming rates for customers travelling to Canada, the UK and Ireland, as well as the US. With the new pass, customers can subscribe to the $25 monthly plan for travel in any of the four loc...

Supply of capital is exceeding demand in the reinsurance industry, according to RenaissanceRe Holdings Ltd CEO Kevin O’Donnell. The Bermuda-based reinsurer last night reported first-quarter net income of $151 million last night and surpassed Wall Str...

British Airways has cancelled its flights to and from Bermuda today, according to its website. The incoming flight was due in at 6.30pm but will not be taking off from London Gatwick this afternoon and there will be no outgoing 8.15pm flight. British...

Butterfield Bank reported first-quarter net income of $23.2 million — up more than 74 percent from the same period last year. Increasing business volumes and further cost cutting helped the bank to achieve the improvement from last year’s first-quart...

PartnerRe Ltd comfortably exceeded Wall Street’s expectations as it reported net income of $295.7 million and its book value hit a record high. The profit, which included net after-tax realised and unrealised gains on investments of $115.8 million, b...