Log In

The Bermuda insurance market remains strong, despite the departure of a number of holding companies and C-suite staff from the Island in recent years, says XL Re CEO Jamie Veghte. Global business insurer XL Group is now based in Ireland, having moved...

MONACO (Reuters) - Reinsurers, largely spared by the credit crunch and euro zone crisis, will be pondering why their good fortune has not been rewarded by the stock market as they hold their annual get-together this week in the Mediterranean resort o...

Bermuda provides a stronger regulatory environment for insurers than the Cayman Islands and is likely to benefit from its quest for Solvency II equivalence. That is the view of Fitch Ratings senior director of insurance, Brian Schneider, who suggeste...

Reinsurers were taken by surprise last year by a slew of catastrophes in the Asia-Pacific region that were outside the scope of the computer models they use to evaluate the risks they take on. Now catastrophe modellers like AIR Worldwide, who create ...

While Bermuda’s banks remain in good shape financially, they have sharply increased provisions for bad debt as a result of Bermuda’s “poor economic fundamentals”, the Bermuda Monetary Authority said yesterday. The Authority’s Banking Digest for the s...

As reinsurance executives converge on Monte Carlo this week, a new report assesses the state of the reinsurance industry. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, yesterday released the September 2012 edition of ...

While most Bermuda residents spent last week preparing for a hurricane, but many reinsurance executives were evacuating for another reason: they were travelling to Monaco for the 2012 Reinsurance Rendezvous. At the annual event in Monte Carlo, the gl...

By Michael Hanson The concept of employees working from home is not a new phenomenon but the trend is expanding rapidly worldwide — and could start taking root here in Bermuda. In the United States, estimates are that roughly six million employees w...

WASHINGTON — Here's how I selected my first bank, the one I've now been with for decades. A branch was a few blocks from where I had my first job after college and on the way to the bus stop. Over the years, I've gotten frustrated with the customer s...

Investment markets took a sharp rise upwards on Thursday of this week in reaction to supportive moves from the European Central Bank, under president Mario Draghi, with the implementation of an unlimited buying programme of EU zone sovereign debt. Ye...

Premier Paula Cox is to introduce former President Bill Clinton at a major US/Mideast business conference next week. She will make the introductory remarks to Clinton’s keynote speech at the 2012 C3 Summit 2012 in New York on September 13 and 14. Th...