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Investment firm LOM has notched up a five-star rating for one of its funds. International investment analysts Morningstar gave the company’s Stable Income Fund its top rating in its latest round of rankings. Stable Income Fund manager Bryan Dooley, w...

More people are potentially putting themselves at risk by relying on third-party coverage. Since 2004 Colonial Insurance has seen a rise of 100 percent in third-party insurance for cars as people look to cut their bills. The increase is not as signif...

It was just an impulse purchase. They really could not afford it, from a rational sense, but well, it was a tough week at work, family relationships are in a turmoil. They said, what the heck. “We need a lift.” Without much thought, they decided to g...

Dear Dave, I’m retired, and my husband plans to work for several more years. We have $130,000 in savings accounts, plus a rental property. The rental property has a $150,000 mortgage, but we have no other debt. Should we sell the rental and reinvest ...

Allied World Assurance Company Holdings, AG has agreed to acquire the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA) for around $215 million. Switzerland-based Allied World, which started up in Bermuda after the 9/11 t...

AM Best is revising its outlook for the reinsurance sector to negative. The ratings agency said that while reinsurers are currently financially strong, they continue to be squeezed by market conditions and low interest rates. “It has become even more...

Bermuda’s insurers and reinsurers are getting better at agreeing terms and conditions with their customers. Yesterday, the 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) reported a record high contract certainty...

Florida is continuing to offload policyholders from its state-backed insurer Citizens onto private insurance companies — potentially boosting business for Bermuda’s reinsurers. Insurance regulators in the Sunshine State have approved four companies t...

Captive insurers are outperforming their commercial counterparts on every key financial measure, according to rating agency AM Best. Captives provide self-insurance for their corporation owners and some write third-party business as well. Best said t...