Weather Tonight: 3°c Partly Cloudy Night Morning: 6°c Cloudy

News

RSS

Bermuda

Latest articles

Taking a hit: insurers face damage after disasters

28.07.11
Shares in London-listed insurer Hardy Underwriting Bermuda fall more than 10% to a nine-month low as it says that losses from the Australian floods, New Zealand earthquake and Japanese tsunami will be much higher than expected... more

Chancellor's new tax rules brings insurer back to Britain

27.07.11
One of London's biggest insurers is set to return its tax base to the UK from Bermuda in a further sign that George Osborne's corporation tax shake up in the Budget is starting to work... more

London's insurers in for a rocky ride

10.06.11
When people talk about the future of the City as a global financial centre, too often they focus only on banking without appreciating that insurance is every bit as important for the money it brings into the UK, and in its contribution to the global economy. Planes could fly without banks; they would not fly without insurance... more

Cable & Wireless reshapes by selling off Bermuda arm

23.02.11
Cable & Wireless Communications is to sell its Bermuda operations for $70 million (£43 million) and return $100 million to its shareholders through a share buyback... more

Centrica latest name in bid rumour for Scottish & Southern

23.02.11
It's the rumour that simply will not die. Square Mile gossips were once again talking up the chances of a bid for Scottish & Southern Energy today, despite scepticism from more seasoned traders... more

Hardy launches buyback to give shares a boost

26.11.10
Hardy Underwriting, one of those Bermuda insurers that increasingly dominate Lloyds of London, moves to beef up its share price by unveiling a buyback programme... more

Reinsurer Alea is ready to delist

17.11.10
Bermuda-based Alea Group Holdings says it will be delisting from the stock market... more

Lloyd’s reinsurer Hardy boosts premiums 26%

12.11.10
Lloyd’s of London reinsurer Hardy Underwriting lifts gross written premiums by 26% year-on-year to £256 million for the first nine months of 2010... more

Omega counts cost of catastrophes

31.08.10
Bermuda-based underwriter Omega Insurance posts a pre-tax loss in the first half of the year after costs related to the BP oil spill and Chilean earthquake... more

Wellcome Trust joins the fray for RBS branches

09.04.10
The Wellcome Trust could be the newest player in Britain’s banking sector after making a joint bid with private equity group Blackstone to buy 320 Royal Bank of Scotland branches... more

Dragon Oil scraps plans for move to Bermuda

07.04.10
London and Dublin-listed Dragon Oil abandons plans to move from Ireland to Bermuda amid a clampdown on tax havens... more

Hiscox posts £320m profit in 'vintage' year

01.03.10
Hiscox reports soaring profits after a year in which it escaped paying out for costly catastrophes... more

Brentford are interested in Khano Smith

03.02.10
The Bees are casting their eye over Bermuda international Khano Smith... more

Hiscox insurance rates fall on 'benign' period for losses

25.01.10
Lloyd’s insurer Hiscox says reinsurance rates have dropped because the industry did not bare many catastrophes last year... more

Wafic Said named as Wharf offices buyer

10.12.09
Wafic Said, the kebab shop owner turned billionaire Saudi fixer, emerged as the buyer of the office block that was built to be the Bear Stearns headquarters in Canary Wharf... more

The Queen revisits Bermuda to mark 400 years of settlement

25.11.09
The Queen was welcomed to Bermuda by the Governor, Sir Richard Gozney, as she arrived for a thanksgiving service to mark 400 years of Britain's settlement... more

Premiums boost Lloyd’s pair

09.11.09
Lloyd’s of London insurers Hiscox and Beazley enjoyed the calm after the storm in the last three months, boosted by higher gross premiums and investment profits... more

Lucas Glover makes a major impression

21.10.09
US Open champion Lucas Glover leads his three fellow 2009 major winners by two shots at the PGA Grand Slam of golf in Bermuda... more

Stewart Cink looking for some fun in Bermuda

20.10.09
Open champion Stewart Cink is determined to have some fun when he plays in the most elite tournament in golf... more

How Lloyd's is coming face to face with the modern age

14.09.09
The Lloyd's insurance market is one of the last bastions of face-to-face business in the City... more

Record £150m at Admiral sparks windfalls for 3000

25.08.09
About 3000 staff at Admiral are to receive free shares worth £1500 after the car insurer posted record half-year profits ... more

Investments lift Catlin

07.08.09
Catlin, the biggest underwriter on the Lloyd’s of London insurance market, cranked up its interim dividend by 9% as it posted its largest ever pre-tax profit ... more

Hardy passes hat for £40m to chase profits

27.02.09
Insurance: Ships and planes insurer Hardy Underwriting is seeking £40 million from shareholders to take advantage of rising rates across the industry... more

Insurer Hardy buoyed by shares sell-off

03.02.09
Insurance: Bermuda-based Lloyd’s of London insurer Hardy enjoyed a double whammy of good news as they were one of the few insurers not to have lost money in the stock market last year ... more

St Paul’s hits £40m target for cleaning and restoring

26.11.08
Church leaders at St Paul’s Cathedral announced that they have reached their £40 million restoration fund target to coincide with its 300th anniversary... more

Hiscox beats the gloom to reach high of £109 million

18.08.08
Insurer Hiscox has shrugged off the financial-market turmoil to beat forecasts and deliver a record firsthalf profit... more

Oval sponsor Brit mulls tax move abroad

18.08.08
Brit insurance, sponsor of the Oval cricket ground, is the latest UK company to look at moving its headquarters from the UK to a more favourable tax regime... more

Catherine Zeta-Jones heartbroken after namesake grandmother dies at 91

14.08.08
Oscar-winning Hollywood star Catherine Zeta-Jones is expected to fly back to Wales today, following the death of her grandmother.... more

Legend lost on the big stage

19.06.07
The first apostle of psychadelia, Roky Erickson, and his three-piece band give a plodding performance at the Royal Festival hall.... more


Don't Miss