The Bermuda-based boss of Hiscox’s reinsurance operations expects the unit he heads to write less business than it did last year — and that does not bother him at all.
For Hiscox Re chief executive of...
Retail sales slid 2.3 percent in March compared to the same month last year — a dip partly attributed to a later Easter holiday this year.
Leading the slide were building supplies stores, whose taking...
The global economy is undergoing a seismic shift which will lead to the emerging markets collectively becoming larger than today’s developed economies during the next 35 years.
That is one of the conc...
Bermuda re/insurer Endurance Specialty Holdings Ltd nearly doubled analysts’ estimates for first-quarter operating earnings as the company’s chairman and CEO John Charman said a year-old transformatio...
People are afraid of making mistakes with their money and frequently don’t give investments time to work, according to personal finance guru Suze Orman.
The two-time Emmy Award-winning television host...
XL Insurance (Bermuda) Ltd has agreed to sell its life reinsurance operation to GreyCastle Holdings Ltd for $570 million.
GreyCastle Holdings is described as “a newly-formed Bermuda company whose shar...
Global re/insurer Ace Ltd beat Wall Street’s expectations as it recorded net income of $734 million for the first quarter.
Operating income was $2.27 per share, compared to the $2.12 per share consens...
XL Group posted net income of $255.7 million in the first three months of the year in what CEO Mike McGavick described as “one of the best quarters since the end of 2008” for the company.
The global b...
The largest catastrophe bond transaction in history completed today and was admitted for listing on the Bermuda Stock Exchange (BSX).
The $1.5 billion issuance through Bermuda special purpose insurer ...
Bermuda’s top financial regulator said he has been delighted to see so many people interested in doing business on the Island at North America’s largest insurance conference of the year.
Speaking from...
