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EY has been recognised as the top CPA firm at the US Captive Awards in Vermont. In winning the award, the judges said they were “impressed with EY’s significant uptick in its captive focus during the past 12 months and the investment it has made in i...

A new business relationship with Britain in the wake of its vote to leave the EU is “critical”, an island business leader said yesterday. Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers, said the...

During the past eight years, Argo Group International Holdings has, through The Argo Foundation, made donations totalling $1.25 million to charities in Bermuda. The Argo Foundation was established in 2008. It supports programmes and services “that en...

NEW YORK (Bloomberg) — Hedge fund manager Dan Loeb’s corporate credit portfolio returned 15 per cent in the second quarter, helped by a bet on high-yield bonds. “Performance was largely driven by positive returns from performing credit investments in...

A Bermuda delegation will tomorrow attend a major conference on captive insurance in the US. The VCIA 2016 Annual Conference is being held in Vermont. Grainne Richmond, president of the Bermuda Insurance Management Association and vice-president at i...

Insurance firm Freisenbruch-Meyer will be back in its Front Street office by early next month. The office building suffered smoke and water damage last month as a result of a major blaze that gutted a neighbouring property. Company president Michael ...

A businessman has been ordered to repay a former employee for the cost of health insurance deductions that were not put towards health insurance. Brandon Thompson had launched a legal suit against Harold Darrell seeking $10,321, the bulk of which rep...

Profits at Bermudian-based Assured Guaranty plummeted by more than $150 million in the second quarter compared to the same period last year. The firm yesterday posted net income of $146 million, down $151 million year-on-year. The latest profit figur...

Bermudian-based global insurer and reinsurer Argo Group International Holdings has announced profits of $30.9 million for the second quarter. The net income figure was up $3 million on the $27.9 million for the same period last year. This quarter’s p...

Blue Capital Reinsurance Holdings has posted profits of $2 million, or 22 cents per share, for the second quarter of the year, compared with $5.5 million during the same period in 2015. Blue Capital’s earnings beat analysts’ estimates, as collated on...

Bermudian-based reinsurer Everest Re has struck a deal to sell its Heartland Crop Insurance subsidiary. CGB Enterprises, a provider of transportation and storage services, agreed to buy Heartland to expand its offerings to the agriculture industry. ...

Leadership styles and career advice were among the topics discussed by two reinsurance CEOs at a 100 Women in Hedge Funds event in Bermuda. The key speakers were Mary Forrest, president of Munich Re’s North America (life), and Kathleen Faries, chief ...