2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Insurance and reinsurance firm Catlin yesterday announced 2013 profits had jumped by more than a quarter to $432 million.
The Bermuda-based firm also recorded a record of more than $1 billion in underwriting contributions — up $212 million on the pre...
DATE: Feb 11, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The second Bermuda insurance-linked securities (ILS) conference will be held from November 12-13, organisers have announced.
Arthur Wightman, insurance leader at financial services firm PwC and an ILS Bermuda committee member, said: “The year 2013 re...
DATE: Feb 11, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s telecoms watchdog has slammed an advert by mobile firm Digicel that takes a swipe at rival Logic.
Now Regulatory Authority (RA) CEO Philip Micallef has written to Digicel chief Wayne Caines saying the ad is in “bad taste”.
The advert, which...
DATE: Feb 11, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Shipping firm BCL has suspended plans to change its US port to Philadelphia after a labour dispute broke out between dock workers and management at the US port.
Now the firm’s MV Oleander will continue to ship goods from New York/New Jersey’s Port El...
DATE: Feb 11, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bosses at TV station WOW have hit out at speculation the firm is to close.
WOW president and CEO Stanley Wright said that bloggers had suggested the station might shut up shop after The Royal Gazette revealed that Government was set to buy out its ba...
DATE: Feb 10, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based White Mountains Insurance Group made $322 million last year — up $115 million up on 2012, according to its latest figures.
And the firm — which includes OneBeacon, Sirius Group and HG Global/BAM among its subsidiaries — reported an adju...
DATE: Feb 10, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s biggest bank has admitted it quizzes customers who take out large amounts of cash on what they want it for.
HSBC said it routinely asks questions of people before it hands over their money to cut down on the risk of money-laundering or frau...
DATE: Feb 10, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s telecoms watchdog has slammed an advert by mobile firm Digicel that takes a swipe at rival Logic.
Now Regulatory Authority (RA) chairman Philip Micallef has written to Digicel chief Wayne Caines saying the ad is in “bad taste”.
The advert, ...
DATE: Feb 10, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Nearly three-quarters of reinsurance and insurance chiefs are worried about the prospects of a slump in business in traditional markets, research from financial services firm PwC has revealed.
The PwC survey found that almost half of those surveyed s...
DATE: Feb 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Butterfield Bank has been chosen as best private bank in Bermuda by a European magazine for the second year in a row.
Butterfield won the award from Euromoney magazine after a vote by private banking professionals from around the world.
Butterfield h...
DATE: Feb 07, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
