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Insurance CEOs believe that the payroll tax increase of two years ago caused Bermuda jobs to be lost and a “rupture of trust” between Government and the industry. Speaking at a CEO roundtable organised by the Bermuda Insurance Journal magazine, XL Gr...

CNA Financial Corporation yesterday announced it had completed the $230 million acquisition of Hardy Underwriting Bermuda Ltd. The US company said Hardy would continue to operate under the Hardy brand and with its current leadership team. Hardy redom...

Dividend payments generated by ownership of company stock have been in existence since the first informal group of investors pooled their resources to start a company. The formal definition of a dividend is a cash distribution from company earnings ...

The ‘United States of Europe’ is now merely a few treaties away. The summer is a boring time in the market, even when there are crises everywhere. World markets have already experienced a ‘summer slump’ and in Europe and the US there has been a nice ...

Bermuda’s appeal as a jurisdiction for start-up companies will be diminished due to the country’s quest for Solvency II equivalence. That’s the view of Fitch Ratings company, which issued a statement yesterday. “We feel Bermuda’s regulatory framework...

LONDON (Reuters) - Global insurance prices are set to rise for a third consecutive quarter as the industry strives to bolster its finances after paying near-record catastrophe claims last year, insurance broker Marsh said on Thursday. Average prices ...

Leaders of some of Bermuda’s top insurance companies are fuming following an article in the Wall Street Journal they say unfairly categorised them, their business and their involvement in the US crop insurance industry. The article, titled, “Farm Bi...

Two forces are changing the world we live in, causing significant realignments in many major institutions. The results could prove extremely beneficial to Bermuda’s already strong insurance industry. The first force is the graying of the world’s popu...

Bermuda-based Aspen Insurance Holdings Ltd yesterday said Mario Vitale will become its sole insurance CEO, taking a role that had previously been shared with Rupert Villers. Mr Villers, the co-CEO of Aspen Insurance will assume a new position from Ju...

Tropical Storm Debby, the first named storm of 2012 to move into the Gulf of Mexico, moved slowly over the northern Gulf of Mexico on Monday, dumping heavy rains and threatening to bring flooding and tornadoes to parts of Florida. Now catastrophe mod...

The market these days is mainly focused on the drama unfolding in Europe or the fiscal cliff looming in the US. Investors hoping to find solace in emerging markets like China, however, may want to consider a few points. In my article from last July ...

In Bermuda, there is no automatic right for a tenant to renew a lease at the end of the lease period. Instead, an option to renew is often written into a lease in order to compensate for the lack of an automatic renewal right. An option to renew is t...