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Third Point Reinsurance Ltd, the Bermudian reinsurer backed by hedge fund Third Point LLC, posted third-quarter net income of $72.1 million as the value of its investments gained. The profit compared to a net loss of $195.7 million in the third quart...

Insurer and reinsurer Lancashire yesterday posted pre-tax profits of $42.9 million. The figure is $10 million up on the same period last year. Gross premiums written dropped $12.2 million to $108.2 million quarter on quarter between last year and thi...

A seminar focused on attracting, managing and leading millennials in the workplace will be held next week. The event aims to equip organisations and individuals with information on millennials, such as who they are, what they look for in employers an...

Maiden Holdings Ltd has reported net income for the third-quarter of $31.8 million. That is up on the $22.5 million recorded for the same period last year. Art Raschbaum, CEO of Maiden, said: “Maiden continued to deliver strong results with a year ov...

A Bermudian company is expanding as it anticipates a dramatic surge in demand for hospitality staff and services next year. And it is calling on Bermudians with experience of working in hospitality and related services, from housekeeping, to food and...

Allied World Assurance Company has reported third-quarter net income of $68.6 million. The firm made a loss of $51.6 million in the same period last year. Operating income for the quarter totalled $55.2 million for the quarter compared to $51.1 milli...

Bermudian-based Aspen Insurance has snapped up a Puerto Rico specialist marine insurer. The move to acquire Blue Waters Insurers is designed to support the continued expansion of Aspen’s global marine business by opening up new markets in Puerto Rico...

Argo Group International Holdings has announced net income of $55.2 million for the third-quarter — up nearly $21 million on the same period in 2015. The figure is equivalent to $1.80 per common share, compared to $1.13 a year ago. Operating income f...

The City of London and Bermuda should work together to grow the insurance-linked securities market, an expert said. Steve Evans, who owns the respected specialist online magazine Artemis, said that accusations by Inga Beale, the CEO of Lloyd’s of Lon...

Just because you are investing abroad does not mean you will get a better deal or a higher return. In fact, keeping your money “close to your chest” in your home jurisdiction is very often the safest option. Our Bermuda regulatory system includes man...

Dear Dave, My husband owns a small landscaping and masonry company. His profits over the last couple of years have been about $80,000 annually. We were wondering if we should be setting aside some retained earnings. KIM Dear Kim, Yes, all businesses ...

Bermuda yesterday hit back after the chief executive officer of Lloyd’s of London said Bermuda “stole” the insurance-linked securities market from the city. Ms Beale, speaking at an insurance industry conference in Germany earlier this week, said: “F...