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The chairman and non-executive director of the board for the CATCo Reinsurance Opportunities Fund has resigned due to a conflict of interest. The Royal Gazette has learned Anthony Taylor handed in his notice Monday, after the board learned that Mont...

Bermuda-based re/insurer Argo Group International Holdings Ltd beat analysts’ estimates, as profits for the third quarter were up over last year to $13.4 million. The profit broke down to 52 cents a share, compared to net loss of $10.8 million, or 39...

With just one day left before Election Day in the US, a new poll shows members of Bermuda’s largest business sector favour Mitt Romney over President Barack Obama. According to a BestWeek poll released early to The Royal Gazette, more than 60 percen...

One of the questions that arise at all times is the following. How did the wealthy become so rich? And why aren’t they spreading it around? The answers, if I may presume to speak for them, are: They earned their wealth (yes, well, a minority inherit...

Bermuda-based reinsurer SAC Re has announced it has filled four key management posts in its property reinsurance, finance and risk management teams. The company, which launched operations this year and which is backed by SAC Capital Advisers, a hedge...

As the US East Coast struggles to recover after the devastation brought by Hurricane Sandy, the damage estimates are going up. Hurricane Sandy may cost the insurance industry as much as $20 billion according to new damage estimates by disaster model...

Insurers and reinsurers won’t know the final bill for Hurricane Sandy until after business returns to normal in New York and flooding in the path of the biggest Atlantic storm in history is fully assessed. And while there may be homeowners disputes a...