Log In

Arch Capital Group Ltd made a profit of $233.2 million, or 56 cents per share, in the second quarter. That is up from $173.8 million year-on-year. The Bermudian-based company’s after-tax operating income was $242.6 million, up from $168.9 million. Th...

Hiscox chairman Rob Childs expects investor demand to keep driving growth and innovation in the insurance-linked securities market. Mr Childs was speaking after the Bermudian-based insurer and reinsurer said assets under management in its Hiscox Re I...

BELCO would like to advise customers that in light of the upcoming two day Cup Match holiday and in an effort to ensure meter reading cycles do not go beyond 34 days, Meter Readers will be taking readings on Saturday August 4th in areas throughout St...

XL Group Ltd posted improved net income of $319 million for the second quarter, but earnings fell short of Wall Street’s expectations. The Bermudian-based insurer and reinsurer, which is in the process of being taken over by French insurance giant Ax...

PartnerRe Ltd profits fell by more than a third in the second quarter, as rising interest rates reduced the value of some of the Bermudian reinsurer’s fixed-income investments. The company said net income for the April through June quarter totalled $...

Axis Capital Holdings Ltd has launched a new unit to spearhead efforts to partner with entrepreneurial companies expert in data and analytics, who have valuable applications for the insurance industry. Axis Digital Ventures will also be expected to i...

Bankers HSBC got into the Cup Match spirit yesterday with a special motorcade to celebrate the holiday. The motorcade travelled along Front Street and Church Street and staff played soca music and handed out flags in the colours of St George’s Cricke...

Insurance market pricing has dropped off after peaking in January, Lancashire Holdings’ chief executive officer said. The Bermudian-based company reported a pre-tax profit of $32.5 million for the second quarter, down from $38 million in the correspo...

Thirteen jobs are to go at Butterfield Bank in Bermuda. A spokesman for the bank said staff had been told the news yesterday. “Butterfield today announced a restructuring at the executive committee level and involving several departments that will re...

Ascendant Group Ltd’s reported earnings fell 70 per cent in the first six months of the year to $3.2 million. The decrease from the $10.2 million of net earnings reported in the first half of 2017 was driven by higher depreciation costs, the payment ...

An old HSBC building on Hamilton’s Front Street is in line for a transformation into shops and offices. The six-floor Albuoy’s Point building will also get underground parking if a planning application is approved. The application from MND Properties...

Lightning storms cut power to nearly 800 homes on Tuesday night. A total of 738 residents in the Evan’s Bay area of Southampton were left in the dark about 10.30pm, but power was restored less than an hour later. In addition, 61 people lost power in ...