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In a development Tower Group International, Ltd.’s president and chief executive officer Michael Lee said made them “disappointed”. the company announced this week that it is postponing the release of its financial results for the second quarter of 2...

RenaissanceRe Holdings Ltd. announced this afternoon an increase in authorisation to $500 million in its share repurchase programme, and a quarterly dividend of $0.28 per common share on its common stock. A press release stated the dividend is payabl...

Bermuda holding company American Safety Insurance Holdings, Ltd. this week announced that Fairfax Financial Holdings Limited has increased its offer to purchase American Safety to $30.25 per share from the previously announced $29.25 per share A pre...

Lancashire Holdings Limited has announced agreements to acquire for £266 m Cathedral Capital Limited, a privately owned Lloyd’s insurer, along with loan notes issued by Cathedral’s subsidiary Cathedral Capital (Investments) Limited. “The transaction...

The chairman of Willis Re Australia Michael Harden has been appointed chief executive officer of Willis Re Bermuda in a move that the reinsurer describes as “an important leadership change.” A Willis spokesman said that Mr Harden has extensive experi...

Fitch Ratings has assigned a long-term foreign currency rating of ‘AA-’ to the Government of Bermuda’s USD750 million Global bond (4.854% coupon) maturing in 2024. The proceeds will go toward repaying public debt and fund current and future budget de...

Bermuda Commercial Bank has a new chief executive officer, it was announced this morning Bermuda National Limited, a listed financial services investment holding company, reported that Peter Horton is the new CEO of their 100 percent subsidiary opera...

(Second of two parts) Unit labour cost (“ULCs”) is a well-known measure of international competitiveness which combines labour cost and productivity into a single measure. In general, unit labour costs show how much output the economy receives relati...