1648 results returned for search: "" category "Business" author Scott Neil
Argus Group has reported record earnings with a full year profit of $36.9 million, up 36.8 percent from last year.
Those earnings represent a 24.8 percent return on opening shareholders' equity.
As with other insurance companies the benign 2006 hurri...
DATE: Jun 08, 2007
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Scott Neil
It is referred to as the "granddaddy of all insurance class actions" and over the past three years the still-incomplete legal action has sucked up $100 million in fees and a further $20m for out-of-pocket expenses just on the plaintiff side of the co...
DATE: Jun 08, 2007
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Scott Neil
Reinsurers hit by big losses from the 2005 hurricanes of Katrina, Rita and Wilma who have since sought to diversify into non-catastrophe business lines are facing diminishing returns.
And the flip-side of the emerging picture shows that "unfashionabl...
DATE: Jun 07, 2007
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Scott Neil
Former US Navy commander D. Michael Abrashoff was an unusual choice of speaker at the Professional Liability Underwriting Society's two-day business symposium in Hamilton.
Yet captains of industry from across Bermuda's multi-billion dollar insurance ...
DATE: Jun 07, 2007
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Scott Neil
A casual conversation at a hedge fund conference highlighted a telling difference between Bermuda and some rival offshore jurisdictions and showed why Bermuda continues to be held in higher regard than many competing financial jurisdictions as an ord...
DATE: Jun 06, 2007
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AUTHOR:
Scott Neil
For an Island as reliant on internet connectivity as Bermuda the advent of deliberate cyberspace attacks of a magnitude that can virtually cripple a country — as experienced by Estonia last month — is worrying.
Whether such an attack could be mounted...
DATE: Jun 06, 2007
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Scott Neil
Bermuda will be remembered as the place where delegates representing more than 100 countries and international organisations signed an agreement that has made the the global anti-money laundering and financial investigating Egmont Group a fully-flege...
DATE: Jun 04, 2007
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Scott Neil
Hurricane activity in the Atlantic basin and making landfall in the US will be 65 percent above normal during 2007, predicts the Tropical Storm Risk consortium.
Five tropical storms, of which two will be hurricanes, are forecast to strike the US, whi...
DATE: Jun 04, 2007
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An historic moment in the development of a global community that investigates money laundering and suspicious financial transactions has been reached in Bermuda.
The Egmont Group, an informal international gathering of financial intelligence units, h...
DATE: Jun 01, 2007
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AUTHOR:
Scott Neil
Glass-bottom boat operator Reef Explorer Ltd. is continuing to run trips from Hamilton with its 68ft boat Reef Explorer unaffected by the suspension of business by Bermuda Island Cruises.
The boat was sold by BIC to Reef Explorer Limited in 2004, how...
DATE: Jun 01, 2007
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AUTHOR:
Scott Neil