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In an effort to reduce the influence of the Apple effect, the NASDAQ OMX Group has announced a ‘Special Rebalance’ to its NASDAQ-100 Index (NDX). The April 5 announcement has sent many investment managers, especially passive ones, into a tizzy. Apple...

Meyer Group of Companies has announced the promotion of Joe Simas to vice-president marine operations. Mr Simas is now responsible for Meyer Freight and Meyer Shipping, divisions of Meyer Agencies Ltd. He will assume the leadership role for Meyer Shi...

Argus Group Holdings Ltd traded 2,000 shares on The Bermuda Stock Exchange (BSX) yesterday, but its share price held firm at $4.98. Keytech Ltd also saw 200 shares change hands, however its share value also remained unchanged at $6. Overall the Index...

American Safety Insurance Holdings Ltd. has announced it expects to report pre-tax losses of between $5 million and $7 million from the New Zealand earthquake and other events in the first quarter. The insurer said that catastrophe losses within the ...

LONDON (Reuters) - British insurer Amlin said its natural disaster losses in the first quarter could be as high as £275 million ($444.5 million), including a hit of up to £150 million from the Japanese earthquake. Amlin, the biggest listed insurer op...

Hardy Underwriting Bermuda Ltd has estimated a total net loss of between £9 million and £12 million from last month’s Japanese earthquake and tsunami. The Bermuda-based re/insurer said the losses would come from its property treaty portfolio and pred...

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...