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Every year, 30 days from the start of hurricane season, the Federal Emergency Management Agency (FEMA), urges US residents to prepare their homes and businesses for the heightened flood risks associated with hurricanes and tropical storms. This year...

Alterra wrote more business and easily beat Wall Street expectations reporting a $79 million profit in the first quarter. The global insurer’s net income broke down to 66 cents per diluted share for the first quarter of 2012, compared to a net loss ...

NEW YORK (Bloomberg) - XL Group Plc advanced the most since November in New York trading yesterday after the insurer swung to a first-quarter profit, beating analysts’ estimates. The insurer rallied 4.3 percent to $22.25 in New York Stock Exchange tr...

AIG property-casualty unit Chartis has laid off four employees in Bermuda and plans to cut at least six more jobs this year as part of a reorganisation. Chartis Bermuda, located in the former AIG building, now Chartis House, currently employs over 15...

There will be no meaningful growth in the Caribbean tourism market until 2014 at the very least. That’s the worrying conclusion of KPMG’s annual Caribbean Region Financing Survey unveiled at the recent Caribbean Hotel and Tourism Investment Conferenc...

Business Bermuda attended the 10th Annual Family Symposium at the Fairmont Southampton Princess Hotel on Monday and Tuesday this week. Attracting an international mix of family offices, lawyers, and asset managers, not only was the conference profit...

Butterfield Bank is looking to cash in on a boom in the London property market and gain a larger share of borrowers’ asset management and banking business. The Bermuda bank’s UK operation is among a growing number of foreign private banks entering th...

A top US senator has criticised US tax authority the Internal Revenue Service for sending 19 senior staff to the annual OffshoreAlert conference in Miami. The conference, organised by OffshoreAlert publisher and former Royal Gazette business reporter...