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PartnerRe Ltd has estimated that it faces first-quarter losses of between $80 million and $100 million related to the floods and storms that have ravaged Australia this year. The announcement came in a statement released after the close of regular st...

No shares traded on the Bermuda Stock Exchange (BSX) yesterday. The Royal Gazette/ BSX Index ended the week on 1,144.82. The BSX Insurance Index of the Island’s international insurers fell three points, or 0.28 percent, to 1,054 points.

As always in life, there may be unintended consequences to otherwise well-intended actions. This axiom has been proved again and again in the financial industry. Use of the new Leveraged and Inverse ETFs has resulted in blow-ups in trading on the S&P...

WASHINGTON - There’s some good news and bad news about identity theft. The good news is that last year the number of people victimised decreased 28 percent to 8.1 million, according to a report by Javelin Strategy & Research. Although that’s still a ...

Bermuda-based Ship Finance International Ltd. has announced the successful completion of $125 million senior convertible bonds due in 2016. The bonds were marketed with an annual coupon range of 3.75 percent to 4.25 percent and with a conversion prem...

BF&M shares jumped 7.5 percent to help The Royal Gazette/Bermuda Stock Exchange Index close in positve territory yesterday. BF&M rose $1.05 to close at $15 on volume of 2,500 shares. The Index closed up 8.46 points at 1,144.82 on volume of 12,000 sh...

Bermuda-based re/insurer Everest Re Group Ltd has expanded its insurance operations in Canada. The company announced today that its subsidiary, Everest Reinsurance Company, acquired Premiere Underwriting Services (Premiere), a managing general agent ...

Montpelier Re’s net income plunged by more than 60 percent in the fourth quarter of 2010 as claims doubled and investment income declined. The Bermuda-based specialty reinsurer said today that net income for the quarter fell from $104.7 million in t...

LONDON (Reuters) Bermuda-based insurer Catlin Group Ltd reported a smaller than expected drop in full-year profit after a strong underwriting performance helped it absorb $218 million in natural disaster claims. Pretax profit fell a third to $406 mil...