Log In

Global business insurer XL Group’s shares soared 5.34 percent in trading on Friday to a two-and-half-year high of $24.65. This came after XL announced that two of its Bermuda-based subsidiaries had received approval from the New York Insurance Depar...

Allied World Assurance Company Holdings posted record annual net income of $665 million, as chief executive officer Scott Carmilani said the re/insurer's domicile move from Bermuda to Switzerland had helped to improve the firm's positioning for the f...

Flagstone Reinsurance Holdings SA said fourth-quarter profits slumped 77 percent to $15 million, compared to same period of 2009, as catastrophe losses took their toll. The company revealed last week that it expected Australian flood losses in Decemb...

US President Barack Obama yesterday proposed a move that would increase the US tax paid by some Bermuda-based reinsurers and clamp down on multinational companies using offshore entities for “earnings stripping”. The moves were outlined in the Presid...

As technology makes the world increasingly interconnected, cyber liability is one of the biggest emerging commercial risks. Leaks of credit card information, hackers who vandalise websites for fun, lost laptops and multiplying malware - all are compu...

Montpelier Re's net income plunged by 59.6 percent in the fourth quarter of 2010 as claims doubled and investment income declined. The Bermuda-based specialty reinsurer said yesterday that net income for the quarter fell from $104.7 million in the th...