American International Group CEO Robert Benmosche has been named Insurance Leader of the Year by St John’s University’s School of Risk Management (SRM).
Mr Benmosche will be honoured at a dinner on We...
Ratings agency AM Best may upgrade Tower Group International — providing its planned merger with fellow Bermuda company ACP Re Ltd goes through.
Best has maintained troubled Tower’s ratings with an un...
A newly formed Bermuda company has agreed a deal that will give it a controlling interest in Capital G Bank Ltd.
Yesterday, Capital G Ltd announced it had agreed to amalgamate with Clarien Group Ltd, ...
Seven new luxury waterfront apartments that command monthly rents of up to $20,000 have all been leased.
The five three-bedroom units and two two-bedroom units are at Waterloo House, a high-end office...
More than half of the money invested in catastrophe bonds could be wiped out by a single hurricane, according to catastrophe modelling experts AIR Worldwide.
Although such a storm is considered likely...
Reinsurance rates are falling amid a glut of capital in the industry, according to reinsurance broker Guy Carpenter.
In its latest market report, Guy Carpenter said property-catastrophe reinsurance ra...
The fast-growing insurance-linked securities (ILS) market is still in its early days of development and 2014 will provide some clues about its future impact on traditional reinsurers.
That is the view...
Bermuda Commercial Bank is set to buy and move into the LP Gutteridge Building in Hamilton.
The purchase of the bank’s new 29,000 sq ft home was revealed today in the earnings statement of its parent ...
Insurer Argus Group Holdings Ltd’s profit for the first six months of its financial year fell by 77 percent to $1.6 million, chiefly as a result of unrealised losses in the value of its fixed-income i...
Bermuda’s reinsurers will be among those paying out estimated claims of between $960 million and $1.9 billion related to high winds that battered parts of Western Europe last week.
The range represent...
