Share prices of Bermuda market re/insurers surged yesterday, as estimates of insured losses from Hurricane Irene fell to about $2.6 billion.
However, an industry analyst believe that the losses will n...
Bermuda’s insurance regulation regime for big commercial re/insurers is largely equivalent with the new European Solvency II regulations, according to a consultation document published yesterday by Eu...
Fitch Ratings yesterday said it downgraded the short-term issuer default rating of Bermuda Commercial Bank by one notch to F3, because of “a moderate shift” towards higher-risk investments.
The rating...
There are many good reasons why there should be more mergers and acquisitions (M&A) in the Bermuda insurance market - but don’t expect to see a wave of consolidation.
That was the consensus view of a ...
Ignition Bermuda Ltd is one of those rare businesses to have benefited from the recession.
That’s the view of the company’s chief executive officer Graham Pearson, who said cost-cutting firms were inc...
Ace Ltd’s Bermuda operations have had their financial strength and counterparty credit ratings raised to AA- (very strong) by Standard & Poor’s.
The ratings agency announced on Friday that Ace’s core ...
Bermuda reinsurers’ voracious appetite for repurchasing their own shares shows no sign of being sated.
Yesterday, Validus Holdings Ltd said it expected to buy back $238 million worth of its shares as ...
Residential properties are holding their value well despite the effects of the economic downturn.
That is the view of Buddy Rego, president of Rego Sotheby’s International Realty, who said the price o...
Mark Byrne has stepped down from the board of Flagstone Reinsurance Holdings, the company he co-founded in Bermuda five years ago.
The company also announced yesterday that it would pay more than $100...
Two young Bermudian entrepreneurs are to launch a boutique selling exotic products from Thailand in a shopping night to be held at the Port O’ Call restaurant tomorrow night.
Rachel Sawden’s business,...
