2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
A young Bermudian entrepreneur has launched a new service designed to make the Island more attractive to visitors.
And Chris’t’ian Swan will today hold a special event at Washington Mall to promote his guest services and support business to vacation-...
DATE: Feb 07, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new reinsurance firm lost $700,000 in its first months of operations, its figures to the end of 2013 revealed yesterday.
Blue Capital Re’s shares at the start of this year stood at $19.80 — a drop of 20 cents on its price at its initial public offe...
DATE: Feb 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurer Montpelier Re yesterday reported profit of $210.9 million for 2013.
And the firm recorded year-end total capital of more than $2 billion and total shareholders’ equity in excess of $1.6 billion.
President and CEO Christopher Harris said: “T...
DATE: Feb 07, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bosses at Everest Re are on top of the world after posting record earnings of $1.3 billion for last year.
The firm notched also notched up a 20 percent return on equity and a 12 percent increase in the book value of its shares for the year.
Everest R...
DATE: Feb 06, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new reinsurer has launched operations in Bermuda.
Swan Re, owned by Swan Group Holdings, has set up shop in the Island — with the aim of offering high returns based on a low risk strategy.
And Swan Group said that shares are now being offered to in...
DATE: Feb 06, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Allied World Assurance Company yesterday announced profits of nearly $418 million for 2013 — down more than $75 million on the previous year.
The 2013 results earnings broke down to $11.95 per diluted share, compared to $13.30 per diluted share the y...
DATE: Feb 06, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermudian lawyer has taken over as legal adviser to the Island’s telecoms watchdog.
And Kyle Masters said the Regulatory Authority role offered a ringside seat at the technological revolution that is changing the future of communications.
Mr Master...
DATE: Feb 06, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Government is to look at paying out more than $800,000 to buy out digital TV firm WOW’s wavelengths, The Royal Gazette can reveal.
Telecoms watchdog the Regulatory Authority has recommended that the Department of Telecommunications buy back the firm’...
DATE: Feb 06, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance and insurance firm Axis Capital yesterday announced a 13 percent increase in gross premiums written last year.
The firm wrote $4.7 billion worth of business over the year, with increases coming from a $308 million hike (17 percent) in rei...
DATE: Feb 05, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Law firm ASW has appointed Nathaniel Turner as a director.
Mr Turner — who has worked for the firm for ten years — took over the role at the start of the month.
He said: “ASW law is entering an exciting phase in its history. As a corporate and commer...
DATE: Feb 05, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
