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This e-mail exchange shows how senior Tourism and Transport officials discussed getting taxpayers’ cash to Faith Based Tourism boss Andre Curtis before his contract had been approved by Cabinet. -Original Message- From: Telemaque, Marc Sent: Tuesda...

Montpelier Re Holdings Ltd posted a net loss of $66 million for the third quarter, driven by catastrophe losses. The Bermuda reinsurer attributed $60 million to losses relating to catastrophic events in the July through September period. These includ...

Bermuda re/insurer Arch Capital Group Ltd profits rose nearly 15 percent in the third quarter over last year despite recording almost $60 million in catastrophe losses. Arch reported net income of $162.5 million, or $1.19 per share, compared to $141...

Credit rating agency Standard & Poor’s has lowered HSBC Bermuda’s outlook to “negative” from “stable” because of concerns over potential deterioration of its loan book. S&P affirmed the bank’s credit rating at AA-, which is the highest of any bank in...

Almost five years to the day Amlin Bermuda moved into its former offices in the Bermuda Commercial (BCB) building. Today the Class of 2005 reinsurer is settled in its new business address of 141 Front Street fresh from a launch party on Thursday nigh...

Aspen Insurance Holdings Ltd has announced that Mario Vitale will be appointed as co-CEO of Aspen Insurance from the start of next year when John Cavoores steps down. Mr Vitale will continue to serve as president of Aspen US Insurance. In his new rol...

Bermuda-based reinsurer Platinum Underwriters Holdings yesterday said it expects to book $112.4 million in catastrophe losses in its third-quarter results. Some of these losses relate to increases in its loss estimates for catastrophes that occurred ...