Log In

Validus Holdings said last night it posted second-quarter net income of $30.7 million, compared to $167.6 million for the three months ended June 30, 2012 — a decrease of $136.9 million, or 81.7 percent. Validus' chairman and CEO Ed Noonan stated: “I...

The debates continue at CedarBridge Academy with Bermuda’s teams scheduled to debate at 9.25am, 1.30pm and 5.30pm today. National debate team coach Gladstone Thompson said at the end of the second day of the championships that the results so far “pro...

Allied World Assurance Company Holdings last night posted a second-quarter loss of $1.9 million compared to a profit of $96.4 million for the same period last year. The reinsurer said the quarterly net loss was due to $115 million of net realised inv...

Rita Wilkinson, of Spice Hill Road, Warwick, whose birthday is today. Shan-on Thompson, of Warwick, whose birthday is today. Leonard Davis, of The Bermuda Fire Station, whose birthday was recently. Shakurh Outerbridge, of Sandys, whose birthday recen...

RenaissanceRe Holdings has expanded its reinsurance operations with the launch of a US platform. The Bermuda re/insurer said it has formed RenaissanceRe Underwriting Managers US LLC, a specialty reinsurance agency based in Connecticut, which will sup...

By Marina Mello Montpelier Re Holdings posted a second-quarter loss of $23.2 million as the re/insurer faced catastrophe loss events and a completive market. The loss compared to a profit of $65.5 million in the 2012 second quarter. Gross insurance a...

XL Group has formed a new Bermuda company with private equity firm Stone Point Capital, which will focus on insurance-linked securities and other reinsurance products. The re/insurer said the new Bermuda-based company will act as an investment manage...