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More captives are forming ‘onshore’ in the US than in offshore locations like Bermuda and Cayman. This is one of the findings coming out of Marsh’s 2012 Captive Benchmarking Report, which found that from 1991 to 2000, 65 percent of the captives forme...

A new book celebrating the Bermuda Post Office’s Bicentennial makes the Island one of the few countries in the world to officially record its postal history. Liz Jones’ ‘The Bermuda Post Office Bicentennial — 1812 to 2012’ will be in stores next week...

Major catastrophe losses shaved three percent from total worldwide reinsurer capital last year according to a new study just released. The Aon Benfield Aggregate report, which analyses the year-end financial position of the world’s leading reinsurer...

Bermuda insurers’ profits were decimated last year by huge catastrophe losses, the latest figures from the Association of Bermuda Insurers and Reinsurers (ABIR) showed. Data based on 21 of ABIR’s 22 member companies showed that their combined net inc...

Business Development Minister Wayne Furbert has welcomed the formation of PaCRe, formed by Bermuda reinsurer Validus Holdings in conjunction with American hedge fund manager John Paulson. As reported by The Royal Gazette nearly two weeks ago, PaCRe w...

Bermuda is the largest captive domicile in the world and now, two of the Island’s largest insurance industry organisations are teaming up to host a first of its kind symposium for professionals in the captive insurance market. The one-day Captive Ed...

Here we go again. Europe is about to go through the mangle one more. The finger of Euro doom is no longer pointing at Greece, however, it’s locked on Spain. This was always going to be the risk. Fix Greece and the focus will shift. Keep Greece at th...

Platinum Underwriters Holdings Ltd said yesterday that it expects losses from severe weather in the US to have a negative impact of almost $25 million on its first-quarter financial results. The losses relate mainly to tornadoes and hailstorms in Ken...

Financial brokerage firm LOM Group has announced the launch of a new online equities trading service. According to the firm, the new platform, called Opus, has been two years in the making and allows the company’s international client base to view th...

Butterfield Bank’s shares have dipped below a dollar for the first time, but analysts we spoke to said the company remained solid. The share price closing at a new low of 99 cents last Tuesday was more “psychologically alarming” than anything, Nathan...