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Dear Dave, My husband and I are debt-free except for our house. I’ve been having a discussion with a co-worker over how much money to allow for fun in your budget. I think $100 for a bottle of wine is okay, but she says something like that is unrea...

Dear Readers, One reader wrote in with the following suggestions for additional articles. I thank this individual for following the Moneywise column and providing this feedback. As always, I am very grateful to receive comments and inquiries on a rea...

A Bermuda investment manager is at the forefront of marketing insurance linked securities directly to pension funds. Overseas pension funds are increasingly turning to ILS and catastrophe bonds — once considered an exotic investment for specialists o...

Tower Group International’s shares fell again yesterday on concerns about the re/insurance company’s plans to take hundreds of millions of dollars in charges. Shares fell more than 50 cents, a 13 percent decline, to $3.81 yesterday, a 52-week tradin...

Bermuda-based Tower Group International is reviewing a “range of strategic options” after the re/insurer determined it had to add $365 million to reserves and take a $215 million impairment of goodwill tied to its commercial, specialty and reinsuranc...

In the wake of the Boston bombing and the Kenyan mall attack, Ironshore Inc. has announced that its global terrorism and sabotage programme, to protect against diverse risk exposure worldwide, has increased capacity to up to $300 million. The insuran...

Montpelier Re Holdings is launching a new Bermuda company called Blue Capital Reinsurance Holdings. Blue Capital Re, a property catastrophe reinsurance company, which will invest in insurance-linked securities, filed with the SEC to raise up to $100 ...

A Bermuda-based provider of insurance-linked securities has appointed a new executive. Kane LPI Solutions has picked Matthew Charleson to head up its fund administration services. Kane LPI’s John Uprichard said: “The fund administration sector is a v...

Bermuda is playing a key role in the evolution of the re/insurance market by encouraging the growth and development of insurance securitisation or insurance-linked securities (ILS). This from corporate attorney Lynda Milligan-Whyte, writing in the Se...