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Goldman Sachs Group Inc has announced it has closed on the sale of a majority stake in its reinsurance business, which includes Bermuda’s Ariel Re. The investment bank sold off the business through the private offering of shares to institutions and ...

Dear Dave, My divorce will be final in a month, and I’ll have $100,000 when everything is over. I will also have $8,000 in credit card debt, and I’m currently unemployed. Do you have any suggestions to help me move forward? —Meryl Dear Meryl, The ...

After the financial debacle in Cyprus last month, some investors may be rethinking the idea of bank deposit safety. The decision to force Cypriot savers into a bailout came after the country’s largest banks became too highly leveraged and then compr...

Global independent insurance manager Kane, a provider of Insurance Linked Securities (ILS) and Life, Pension and Investment (LPI) administration services, has set up a new subsidiary in Bermuda. Kane LPI Solutions Limited is licensed by the Bermuda M...

Corporate hospitality is likely to come under increased scrutiny in the event that new anti-bribery legislation is enacted in Bermuda. Sedgwick Chudleigh’s Chen Foley and Alex Potts explain the background and take a closer look at what we might expec...

Allied World Assurance Company Holdings has reported a drop in profits in the first quarter of this year with a net income of $159.0 million, but the company still managed to beat analysts’ expectations. The first quarter results represented a 27 per...