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Bermuda-based re/insurer Argo Group International Holdings Ltd beat analysts’ estimates, as profits for the second quarter rose to $24 million. The profit broke down to 92 cents a share, compared to net income of $21.6 million, or 78 cents per share,...

When a settlor creates a trust, he relinquishes legal ownership, and thus control, of the assets he places into trust, which then fall under the control of trustees appointed by the settlor. Most settlors find this idea to be largely unpalatable, eve...

Another Cup Match, another Crown and Anchor Tent featuring the game of chance. Not really gambling, you know, all in good fun, wink, wink, but so much anticipation that one business is featuring a video game of the same name available locally on your...

It was seven years ago this month that Hurricane Katrina slammed into the Gulf Coast. If you’ve never been affected by such a disaster, you may not appreciate how it can change one’s life. Brad Fortier understands. Fortier, a certified financial plan...

Allied World Assurance Company Holdings last night reported net income of $96.4 million for the second quarter and comfortably beat analysts’ expectations. The Switzerland-based re/insurer with substantial operations in Bermuda posted operating earni...

Canopius Bermuda’s planned merger with US insurer Tower Group will have no impact on the UK-based insurer’s Bermuda operations, Canopius said yesterday. As reported in yesterday’s business section, Tower late on Monday announced it had decided to ta...

A group of Bermudian university students who got a taste of the insurance industry this summer say the experience was invaluable. The 12 students, who are majoring in everything from actuarial science and risk management to geography and zoology, we...

Tower Group is to acquire Canopius Group’s Bermuda-based reinsurance business, a move which will enable the US insurer to create a Bermuda-based holding company. The New York-based Tower Group, said last night in a statement that it was exercising a...

There’s more proof that investors are continuing to deploy capital into the insurance-linked securities (ILS) sector. A study released by Aon Benfield Securities, the investment banking division of global reinsurer Aon Benfield, shows the volume of c...