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LOM Financial Ltd swung to a $225,747 net loss in the first half of the year, as the company made less on broking fees but more on management and advisory fees. The loss compared to a profit of $90,605 for the first half of 2014. But in a letter to s...

Literally thousands and maybe millions of articles have been written on budgets, savings and spending. Detrimentally, for most people, the prospect of even beginning to consider a budget is too much trouble, too daunting, too time-consuming, so they ...

Only a considerable natural disaster or a market disruption is likely to stem the proliferation of mergers and acquisitions now impacting the insurance and reinsurance sector. That is the conclusion of a mid-year report from Guy Carpenter & Co, which...

Reinsurance firm Maiden Holdings has posted profits of $20.5 million for the second quarter of the year. Equivalent to 27 cents per share, the figure is down $5.3 million from the $25.8 million reported for the same period last year (34 cents per sha...

Reinsurance firm Third Point Re saw its profits almost halved in the second quarter of the year compared to the previous year. The company posted profits of $15.7 million for the three months to the end of June — in the same period of 2014, profits a...

Insurance brokerage and risk management firm Integro, which has an office in Bermuda, is to be bought by US private-equity firm Odyssey Investment Partners for an undisclosed sum. The acquisition is expected to be completed in the fourth quarter of t...

Bermuda’s international insurance sector pumped more that $900 million into the Island’s economy last year. The $901.5 million figure was up $14.8 million on 2013. The figures came in the annual economic survey by the Association of Bermuda Insurers ...

Insurance and reinsurance firm Argo Group yesterday reported $27.9 million in profits for the second quarter of the year. The net income was nearly 28 per cent down on the $38.6 million recorded for the same quarter last year. The latest figure is eq...

PartnerRe has agreed to be bought out by Italian investment firm Exor in a $6.9 billion deal. The reinsurer has scrapped its previous plan to merge with fellow Bermuda firm Axis Capital. Exor, which is controlled by the wealthy Agnelli family, will p...

Endurance Specialty Holdings has completed its acquisition of fellow Bermuda-based reinsurer Montpelier Re Holdings. The $1.83 billion cash-and-shares deal was announced in March when the boards of directors of both companies unanimously approved the...

Uh, oh! Cup Match was awesome — a great event checking out friends, catching up with the family, and starting new relationships. You arrived in spectacularly stunning duds to join the fashion display, snacked and sipped, danced and dallied, made a fe...