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Financial and business service

Reinsurance

Argo Group announces 10% stock dividend

Bermuda-based insurer and reinsurer Argo has announced a 10 per cent stock dividend and a 22 per cent plus increase in its quarterly cash dividend. The firm announced a quarterly cash dividend of 20 cents per share, compared to 18 cents per share on ...
Feb 18, 2015
Reinsurance

Reinsurance capital soars to $575bn

Global reinsurance capital has now reached a record $575 billion, which includes more than $60 billion of deployed alternative capital, according to the latest reinsurance market report from Aon Benfield. The reinsurance intermediary and capital advi...
Feb 18, 2015
Reinsurance

Jobs impact likely as mergers continue

A major insurance firm with a Bermuda operation has been bought out in a $1.88 billion swoop — the latest in a series of mergers set to affect Island businesses. Brit Group — which opened an office on the Island around 18 months ago — has been taken ...
Feb 18, 2015
Reinsurance

Catco fund returns 14%

Bermuda-based Catco Reinsurance Opportunities Fund Ltd earned a net return of 14 per cent for its shareholders in 2014. That performance was lower than the 21.9 per cent achieved in 2013, a drop which the fund said partly reflects increasing capacity...
Feb 18, 2015
Reinsurance

Fund generates 19.7% in first full year

Reinsurance veteran Don Kramer’s latest Bermuda start-up venture has got off to a flying start. In its first full year of operations, ILS Capital Management Ltd generated a 19.7 per cent return for investors in its 1609 Fund. The company invests in i...
Feb 16, 2015
Other

Bermuda draws interest at World Captive Forum

Bermuda has positioned itself to attract future clients from Latin America and elsewhere after a 20-member delegation attended the World Captive Forum in Florida. The Island’s strong presence at the four-day event in Boca Raton was noted by many of t...
Feb 16, 2015
Personal Finance

Should I hang on to gold as a safety factor?

Dear Dave, I’m retired, and currently I have about five per cent of my retirement savings in gold and silver I’ve been acquiring over the last few years. I’ve seen gold prices decline significantly, and I’m wondering if I should hang on to it as a sa...
Feb 14, 2015
Opinion Writer

Does one plus one equal true love?

Respect. It can be said that an integral component of a couple’s maturing relationship is respect for each other and their shared visions, such as their inspirations for a better life, the dreams of establishing a home in their community, the drive t...
Feb 14, 2015
Other

Students take step towards insurance careers

A training programme aimed at helping school pupils on to the career ladder in the insurance and reinsurance industry has taken off. Pupils at the Island’s two senior schools, the Berkeley Institute and CedarBridge Academy, are taking part in the ind...
Feb 13, 2015
Reinsurance

Obama’s reinsurance plan faces opposition

Many members of the US Congress in catastrophe-prone states oppose President Barack Obama’s plan to raise the US tax burden on foreign reinsurance companies — so it could be years until the issue is resolved. That is the view of Robert DeRose, an ana...
Feb 13, 2015
Reinsurance

ABIR’s Kading: We must combat protectionism

The private insurance market can shoulder more of the risk now taken on by governments — but the spread of affordable insurance is threatened by a protectionist trend. That is the view of Brad Kading, president of the Association of Bermuda Insurers ...
Feb 11, 2015
Opinion Writer

Cross-border financial challenges

For more than 400 years, Bermuda residents have been habitual border crossers. You can label us “puddle-jumpers” “pondstraddlers”, “nomads,” “global explorers” or “inveterate wanderers,” but the fact remains that there is no unequivocal choice. We ...
Feb 07, 2015
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