1682 results returned for search: "" category "Business" author Jonathan Kent
US investment advisory company FRMO Corporation has bought a 37.5 percent stake in the Bermuda Stock Exchange.
The Elmsford, New York-based company becomes the biggest shareholder in the BSX and its chairman Murray Stahl will be joining the BSX board...
DATE: Apr 16, 2014
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Jonathan Kent
Retail sales rose for the fourth month in five in February, raising hopes of better times ahead for Bermuda stores.
Total retail sales in February 2014 climbed 1.4 percent, according to the Department of Statistics’ Retail Sales Index, released today...
DATE: Apr 16, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Lancashire Holdings Ltd’s founder and chief executive officer Richard Brindle is to retire from the company at the end of this month.
The Class of 2005 Bermuda start-up re/insurer announced today that Mr Brindle would retire from the Group and as a d...
DATE: Apr 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Endurance Specialty Holdings has made a hostile bid to acquire Aspen Insurance Holdings for $3.2 billion after its initial approaches for talks with fellow Bermuda-based re/insurer were rejected.
Endurance announced yesterday that it had made the off...
DATE: Apr 15, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda Aviation Services has sold its subsidiary Aircraft Services Bermuda Ltd to Cedar Aviation.
BAS chairman Michael Darling said it was “a somewhat sad occasion” as the company was divesting the business from which it takes its name.
Ian Cook, BA...
DATE: Apr 14, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Endurance Specialty Holdings is making a hostile bid to acquire Aspen Insurance Holdings for $3.2 billion after its initial approaches for talks with fellow Bermuda-based re/insurer were rejected.
Endurance announced today that it had made the offer,...
DATE: Apr 14, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
An internet security flaw has exposed millions of passwords, credit card numbers and other sensitive information to potential theft by computer hackers.
The bug, known as Heartbleed, which has opened a hole in the protection provided by widely used e...
DATE: Apr 10, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda companies have been at the centre of changes in the aviation insurance business at the Lloyd’s of London market this week.
Yesterday, Catlin Group announced the formation of the General Aviation Consortium at Lloyd’s Asia.
Earlier this week,...
DATE: Apr 09, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Reinsurers had a “miraculous” year of strong profitability in 2013 — despite a slew of challenges which ratings agency AM Best expects to weigh on the industry’s future prospects.
In its special report on the global reinsurance sector, entitled “Coul...
DATE: Apr 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Premier Craig Cannonier will lead a strong Bermuda contingent travelling to Denver next month for the Risk & Insurance Managers Society’s annual conference.
Two of his Cabinet colleagues — Education and Economic Development Minister Grant Gibbons and...
DATE: Apr 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
