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It was easy for us to conclude that the talk of the town last week must have been our feature on strikingly beautiful wedding of Gary Simons the widely esteemed President of the Cornerstone Foundation and Senior Pastor of Cornerstone Bible Fellowship...

More than 100 budding young insurance professionals turned out to receive their newly-attained qualifications at the Bermuda Insurance Institute’s (BII) Insurance Education Awards Luncheon held at the Fairmont Hamilton Princess yesterday. A total of ...

Bermuda-based Torus Insurance Holdings Ltd is set to buy its way into the Lloyd’s of London market after agreeing to purchase Broadgate, which underwrites through syndicate 1301, from Clal Insurance Enterprise Holdings. Torus will retain Broadgate’s ...

Bermuda re/insurer Montpelier Re Holdings Ltd has agreed to sell its US excess and surplus lines business to Selective Insurance Group in a deal worth $55 million. The sale of Montpelier US Insurance Company (MUSIC) will allow the company to allocate...

We need to stop living “up to our means” and buying the house, car and other material things that we think we can afford. This is the advice from Cindy Campbell, chief operating officer of AFL Investments, a joint venture between the Argus Group and ...

XL Insurance, the global insurance underwriting operations of XL Group plc, has announced an increase in its property insurance capacity from $600 million to $750 million. Joseph Tocco, head of XL Insurance’s North America Property unit, said: “More ...

Mark Byrne believes the deal that would give him a 25 percent stake in Bermuda-based insurer Omega Insurance Holdings Ltd is “80 percent there”. If the £50 million ($78.4 million) deal goes through within the next few weeks, the founder of Flagstone ...

NEW YORK (Bloomberg) Transatlantic Holdings Inc is rejecting a $3.25 billion takeover offer from Warren Buffett’s Berkshire Hathaway Inc that was set to expire yesterday. “The Transatlantic board of directors does not believe the all-cash proposal, a...

Allied World Assurance Company Holdings AG has announced it terminated its $2.94 billion merger agreement with reinsurer Transatlantic Holdings Inc. Under the terms of the agreement, Allied World will receive a termination fee of $35 million plus $13...