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XL Group plc and its subsidiaries have announced that the XL Group of companies has received final approval from the Brazilian re/insurance regulator Superintendencia de Seguros Privados (SUSEP) to set up an insurance operation in the country. XL Seg...

Bermuda Hogges upcoming Premier Development League (PDL) season is not expected to clash with this summer’s Digicel Caribbean Cup. Due to changes made to the US Open Cup format, a knockout tournament including teams from Major League Soccer and Unite...

Billionaire hedge fund executive Steven Cohen is dipping his toe even further into the reinsurance market with the purchase of a 5.2 percent stake in Bermuda-based Validus Re. The stock purchase by Mr Cohen’s SAC Capital Advisors’ is a passive invest...

The Ace Group has announced that it has acquired Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is owned by Banco de Guayaquil, for approximately $55 million in cash. Founded in 1993 and currently the fourth-...

Billionaire hedge fund executive Steven Cohen is dipping his toe even further into the reinsurance market with the purchase of a 5.2 percent stake in Bermuda-based Validus Re. This, according to a brief in BusinessWeek. The news comes on the heels o...

The parent company of one of Bermuda’s largest reinsurance brokers has reached a $16.3 million settlement over the charge of improper payments to foreign government officials to obtain overseas contracts. According to the US Securities and Exchange C...

Online banking December 19, 2011 Dear Sir, It would seem that the Bank of Butterfield, are still struggling with their new (?) online banking system. It is interesting to note that we are considered by some to be a leading world financial centre. We...