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Saudi Re buys 50pc stake in Bermuda investment groupSaudi Reinsurance Company (Saudi Re) said it has reached an agreement with Probitas Holdings (Bermuda) Limited, a key investor in insurance and reinsurance business, to purchase a 49.9 per cent stake in the company. More… |
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Igor heads north after battering BermudaHurricane Igor barreled north on Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no casualties. The Canadian Hu More… |
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Hurricane Bill strengthens, likely to miss USHurricane Bill, the first of the 2009 Atlantic season, grew quickly into a major Category 3 storm and could strengthen as it curves north, likely missing the eastern US as it passes Bermuda. With top winds near 125 mph (205 kph), Bill "has More… |
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DIFC to host global insurance forumDubai International Financial Centre (DIFC) will play host to the first World Insurance Forum (WIF) being held outside Bermuda. For the past fifteen years, this event has taken place in Bermuda, which has emerged as a leading global insur More… |
Apex Funds plans Bahrain operationsApex Fund Services is to establish operations in Bahrain in a move that strengthens the kingdom as the regional financial centre. Bermuda-based Apex is a privately-owned provider of fund administration and related services to offshore fund More… |
