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Argo Group International Holdings saw its profits fall to $24.8 million, or 71 cents per share, in the first quarter, a 32.4 per cent drop year-on-year. However, the Bermudian-based company achieved an 18 per cent jump in its investment income, to $3...

Standard and Poor’s has upgraded the financial strength rating for Bermudian-based Sompo International Holdings Ltd’s operating subsidiaries to A+ from A. The ratings agency also raised the assessment of the Sompo Holdings Group’s enterprise risk man...

Post offices will close tomorrow at 1pm for a mandatory staff meeting to hear of “proposed plans for the evolution of services” from Lovitta Foggo, the government reform minister. The main office and all sub offices will resume service at regular hou...

White Mountains Insurance Group has reported a $48 million comprehensive loss attributable to common shareholders during the first quarter. For the same period in 2017, the Bermudian-domiciled company made a gain of $29 million. White Mountains repor...

Richard Branson, one of the world’s most successful businessmen, will be involved “virtually” in next week’s Ocean Risk Summit in Bermuda. The island is hosting the new event, which will be attended by leaders of governments and the economic, environ...

Greater-than-expected losses from last year’s Hurricane Irma hit Blue Capital Reinsurance Holdings’ first-quarter earnings. The Bermuda collateralised reinsurance provider made net income of $0.5 million, compared to $4.1 million in the first quarter...

RenaissanceRe has reported net income of $56.7 million for the first quarter, or $1.42 per share, down from $92.4 million, or $2.25 per share, a year ago. The Bermudian-based company’s operating income available to shareholders more than doubled to $...

Organisers of the Bermuda Captive Conference have chosen Friends of Hospice as the first recipient to be featured in its new charity programme. The Friends of Hospice, which supports Bermuda’s only inpatient hospice, Agape House, will receive a donat...

An insurtech start-up is harnessing the power of artificial intelligence and quantum computing to provide cyber underwriting to insurers and reinsurers. Bermuda will play a role in the growth of Envelop Risk, which is believed to be the first insurte...

Government has signed a Memorandum of Understanding with a second fintech business as efforts to build the industry in Bermuda continue. David Burt, the Premier, announced this morning that an MOU had been signed with Medici Ventures with the intent ...

The $140 billion drop in the value of General Electric’s stock price during the past year gets the full human interest treatment in the Wall Street Journal. I don’t want to minimise the deep individual suffering of those who had their retirement savi...

Today’s Moneywise explores a reader’s question about UK relocation concerns, and suggests possible actions. To protect the reader’s identity certain information has been revised or removed. Question: My spouse and I are planning to retire to our pro...