2488 results returned for search: "" category "Other" author Scott Neil
Storm clouds continue to gather above XL Capital, Bermuda's second biggest insurer and reinsurer, after one of the leading rating service company's placed a negative outlook on the company's financial and credit ratings.
Another investor service also...
DATE: Dec 21, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Arch Insurance Group, a member of Arch Capital Group, has completed its acquisition of Aon's managing general underwriter Wexford Underwriting Managers.
Arch Insurance entered into an agreement with Wexford Underwriting Managers on the first day of t...
DATE: Dec 21, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Max Capital Group has inicreased its authorised share repurchase programme by $50 million, which takes its current outstanding authorisation to $75.3 million.
The Bermuda-based company said it may use up to $50 million of its authorisation to enter i...
DATE: Dec 21, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
A general election the week before Christmas has hit local retailers hard and it appears unlikely they will make up the lost ground caused by customers putting off their festive spending because of the distraction of the election.
A number of city re...
DATE: Dec 21, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Under attack from outside, Bermuda's best chance of keeping ahead as a premier offshore financial centre is to get serious about educating its young people to a standard that makes them capable of filling vacancies within the Island's $72 billion ins...
DATE: Dec 19, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Two interested parties are in discussions with the Bermuda Cement Company about buying the business or its equipment.
One is a group made up of members of the Construction Association of Bermuda – however the Association itself is not bidding for the...
DATE: Dec 18, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
A new GP3 has been driving up and down the roads in the run-up to the election — but this one isn't a plush, dark blue Government car.
Kim Swan, of the United Bermuda Party, has taken to the streets on a single-seater rental bike adorned with a homem...
DATE: Dec 17, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Government yesterday took the unusual step of releasing its update on the economy on a Sunday. The latest snapshot of how Bermuda is performing shows a new record number of cruise ship visitor arrivals and a modest improvement in air arrivals and tou...
DATE: Dec 17, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Moody's Investors Service has warned that AAA ratings of four leading bond insurers could be downgraded after the agency re-evaluated the companies' exposure to potential subprime mortgage losses.
The AAA ratings of Financial Guaranty Insurance Compa...
DATE: Dec 17, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
The world's sixth-largest property and casualty insurer Millea Holdings will gain a stronger foothold in the Bermuda and London markets if it succeeds in its bid to buy Kiln for $902 million.
The potential sale was confirmed on Friday with Tokio Mari...
DATE: Dec 17, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
