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First Atlantic Commerce (FAC) has announced the appointment of Tricia Lines Hill to the position of Senior Vice President, Business Development and Marketing. Founded in 1998, Bermuda-based FAC is a global, online payment provider for businesses. Mrs...

It’s not even a month into the year and already nearly 50 job losses have been announced in the international business sector, affecting mostly Bermudians. Before the hedge fund industry job cuts were confirmed yesterday by Jupiter and BNY Mellon, th...

Bermuda is set to become the first Western centre for Islamic finance in a favourable tax domicile, according to Bermuda executives in an article yesterday by Euromoney. Executives from the Island have been actively wooing clients in Asia and the Mid...

PartnerRe Ltd has announced that it expects to record a charge of approximately $120 million in the fourth quarter for the Thailand floods of October and November 2011. This is in line with the company’s previous announcement that its losses related ...

XL Group plc has announced that its wholly-owned subsidiary XL Capital Finance (Europe) plc has repaid at maturity the $600 million principal amount of 6.5 percent guaranteed senior notes due this year.

Bermuda’s re/insurers overall have been able to weather the recent storm of heightened catastrophe losses and should be well-positioned to take advantage of improvements in the underwriting environment, according to a report released by Fitch Ratings...

One of the largest family office investors in Japan has launched a $30-million catastrophe re/insurer in Bermuda. Triton Re was launched as a Special Purpose Insurer (SPI) in December 2011, with a mandate to write property and casualty risks as well ...