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The total expected losses from first quarter catastrophes for Bermuda re/insurers has exceeded $5 billion following the latest set of estimates released by three companies yesterday. Axis Capital Holdings Ltd has estimated a $285 million loss from th...

Four new insurance companies incorporated in March, according to the latest update from the Bermuda Monetary Authority. There were two class three companies established, Sterling Reinsurance Bermuda Ltd and JC Re Ltd, both under the management of Mar...

Scottish Re Group Ltd’s profits fell by more than $2 billion during 2010 due primarily to $242.2 million of net realised and unrealised gains on its invested assets. The re/insurer posted net income of $239.1 million or $1.09 per share for the year e...

Watlington Waterworks dropped 17.6 percent ($2.45) on The Bermuda Stock Exchange (BSX) last week. The utilities company traded 1,000 shares during the day. Also in utilities KeyTech Ltd rose 5.8 percent (35 cents) to $6.35 with 13,815 shares changing...

Axis Capital Holdings Ltd today estimated a $285 million loss from the Japanese earthquake and tsunami that struck last month, while RenaissanceRe Holdings Ltd expects to take a hit of approximately $220 million and Argo Group International Holdings ...

Telecommunications company KeyTech Ltd gained 1.6 percent in Bermuda Stock Exchange trading yesterday. The owner of the Bermuda Telephone Company, M3 Wireless and Logic Communications rose 10 cents to close on $6.35 on the trading of 10,000 shares. A...

Trading volume on the New York Stock Exchange has been light this month, very light. There has not been much trading activity in the traditional equity exchanges, back to pre-crises levels. Not surprisingly the activity has been on the Chicago Board...

Q: Freeport McMoRan Copper & Gold Inc. has been a very good stock for me, but I wonder about what the general outlook is for commodities. What is your take? B.V., via the internet A: Global demand for copper will continue to come largely from China, ...

It is complicated and costly enough to purchase a home in Bermuda. Place a multinational marriage or dual citizens into the relationship, and the level of complexity becomes quite extraordinary. Recently, local media have featured a series of articl...

Shares of Bermuda-based bond insurer Assured Guaranty Ltd jumped more than 29 percent in morning trading yesterday after the company said Bank of America will pay $1.1 billion to settle the Assured's demands that the lender buy back faulty mortgages....