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Ace Ltd estimated yesterday that superstorm Sandy cost the global insurer about $380 million after tax and reinsurance. Full-year operating earnings per share are now projected to be $7.43 to $7.53 after tax, the Zurich-based company said yesterday i...

Bermuda-based CatCo Investment Management has announced it is establishing a retrocessional loss reserve for the expected impact of hurricane Sandy. The specialist reinsurance-linked investment manager, which manages an estimated $2 billion of retro...

If I were to learn on December 31 that my taxes are going up next year, I would do ... absolutely nothing. Granted, I’m a salaried employee, not an entrepreneur or small-business owner. I don’t have the option to adjust my hours and take more leisure...

Bermuda resident readers of the Moneywise column tell me that they like to read my articles (and I thank them for that) but they will inevitably point out that they aren’t too interested when I go off on United States tax tangents. Well, they have a...

Ace Bermuda has just announce a new insurance internship for Bermudian university students. Ace Select is a paid internship that will run from May 27 through August 9 of next year. It will be offered to just six students interested in pursuing a car...

Global fund administrator Equinoxe Alternative Investment Services Ltd is set to hit the $10 billion mark for assets under administration within weeks, just over five years after launching as a Bermuda start-up. The company, led by chief executive of...

Global fund administrator Equinoxe Alternative Investment Services Ltd is set to hit the $10 billion mark for assets under administration within weeks, just over five years after launching as a Bermuda start-up. The company, led by chief executive of...

Global fund administrator Equinoxe Alternative Investment Services Ltd is set to hit the $10 billion mark for assets under administration within weeks, just over five years after launching as a Bermuda start-up. The company, led by chief executive of...

Equity investors in the UK have put more than $100 million into Montpelier Re’s new Blue Capital Global Reinsurance Fund, which completed its first share offering this week. Montpelier provided $50 million of the $100 million allocated to the fund wh...

Bermuda has moved “ahead of the rest” by showing international leadership in the field of global insurance regulation. That is the view of Karel Van Hulle, the architect of the European Union’s Solvency II enhanced regulatory regime for insurers, who...

The office of US Representative Eleanor Holmes Norton has confirmed that she is looking to reintroduce a bill that would bring tax advantages for re/insurers who base there and potentially turn Washington DC into ‘Bermuda on the Potomac’. The new dra...