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Ace Ltd has announced the completion of its acquisition of New York Life’s Hong Kong operations for approximately $350 million in cash. The original October 2010 purchase agreement with New York Life was amended to allow for separate closings for th...

Bermuda-based Ram Holdings Ltd and Ram Reinsurance Company Ltd. have announced Steve Gralla will be unable to accept his appointment to the Ram Re board of directors. Mr Gralla has informed RAM Re that he would not be able to take up the position fol...

The Bermuda Stock Exchange (BSX) remained unchanged yesterday at 1,154.46 with 500 shares worth US$5,350 traded. The BSX Insurance Index dropped five points (0.48 percent) to 1,032 - by the same amount as the previous day.

OSLO (Bloomberg) - Frontline Ltd. agreed with Ship Finance International Ltd to terminate the long-term charter party between the companies for OBO carrier Front Leader. Frontline will make a compensation payment to Ship Finance of about $7.7 million...

Bermuda-based Alterra Capital Holdings Ltd has announced the formation of New Point IV, a sidecar vehicle established to create additional capacity for the property catastrophe collateralised reinsurance market. New Point IV has been sponsored by Alt...

Montpelier Re Holdings Ltd has announced a preliminary loss estimate of $126 million from the March 2011 earthquake and tsunami in the Tohoku region of Japan. Montpelier also assumes a $25 billion industry loss.

Shares of several Bermuda re/insurers hit record levels yesterday as investors bet a string of recent catastrophes may push up prices across the industry. RenaissanceRe, Validus Holdings and Arch Capital all touched all-time highs in New York Stock ...

British American life insurance policyholders today moved a step closer to receiving refunds on premiums they paid into the defunct company. Millions of dollars invested by Bermudian families are tied up in British American Insurance Company, which w...

There is substantial debate on the projected ending value of the S&P 500 Index for this calendar year, to calculate the possible gains to be made by investing in it. It is a work in progress as the year progresses. The S&P Index climbed 4.3 percent ...

In this day and age, is women’s compensation commensurate with men, that is, do women earn the same amount for the same position equal pay for equal work? That depends. If you are a Minister in public service in Bermuda, a registered pharmacist, or ...

Bermuda-based insurer Ironshore has set up a new Specialty Casualty division in Canada to underwrite insurance coverages for General Liability, as well as umbrella and excess liability programmes. Stephen Stewart has been named vice-president to hea...