6854 results returned for search: "" category "Business" author Business Staff
Ariel Re, the Bermudian-based reinsurer, has appointed Apryle Oswald to the newly created role of chief analytics officer.
Ms Oswald, whose appointment is effective on Monday, will be based in Ariel Re’s Bermuda office. The reinsurer also has offices...
DATE: Dec 15, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
The gross domestic product has bounced back with substantial economic growth, and the Cabinet Office has reported that the GDP in constant prices increased 13.6 per cent in the second quarter of 2021.
There were increases in several sectors as the gr...
DATE: Dec 14, 2021
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CATEGORY:
Business
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AUTHOR:
Business Staff
In a year in which financial services investment holding company Somers Limited sold the Bermuda Commercial Bank, it has reported record net income and disclosed that most of the proceeds of the bank sale are in a loan to the buyer.
Somers had report...
DATE: Dec 14, 2021
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CATEGORY:
Local Business
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AUTHOR:
Business Staff
Veteran trusts and private wealth lawyer Stephanie Bernard has joined Carey Olsen Bermuda Limited as counsel.
The firm said that Ms Bernard has extensive and in-depth experience advising individuals, fiduciaries and companies on all aspects of Bermud...
DATE: Dec 14, 2021
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CATEGORY:
Local Business
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AUTHOR:
Business Staff
West Hamilton Holdings Limited posted a net profit of $6.86 million in the fiscal year ended September 30, the highest reported profit for the company since inception.
The Bermudian-based company said that compares with a loss of $400,000 at year-end...
DATE: Dec 14, 2021
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CATEGORY:
Local Business
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AUTHOR:
Business Staff
Bermudian-based SiriusPoint Ltd, the global specialty re/insurer, has struck a strategic partnership with LuckyTruck Corp, the digital broker and aggregator specialising in commercial trucking insurance.
The parties said the partnership will see Siri...
DATE: Dec 14, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Bermudian-headquartered Hamilton Insurance Group Ltd has appointed Diane Wisner as head of excess casualty insurance and Pam Gosslin as head of medical professionals liability in its US excess and surplus lines business.
Reporting to Clay Rhoades, pr...
DATE: Dec 14, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Concert Group Holdings Inc, the newly formed business dedicated to insurance fronting that is led by Bermudian insurance executive Jonathan Reiss, has formed Concert Specialty Insurance Company, an excess and surplus lines carrier domiciled in Montan...
DATE: Dec 14, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Essent Group Ltd, the Bermudian-based mortgage re/insurer, has amended its credit facility to increase the total facility from $625 million to $825 million.
Essent said the amended credit facility has terms that provide for an increase in the revolvi...
DATE: Dec 14, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Bermudian-based Avance Gas Holding Ltd has entered into a two-year time-charter agreement for the first dual-fuel very large gas carrier, Avance Polaris, to the energy giant TotalEnergies.
Avance, which is engaged in the transportation of liquefied p...
DATE: Dec 14, 2021
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CATEGORY:
International Business
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AUTHOR:
Business Staff