2488 results returned for search: "" category "Other" author Scott Neil
New billion-dollar Bermuda start-up Ironshore Insurance has now incorporated a Class 3 reinsurance vehicle for its own internal use.
But speculation in major news media on both sides of the Atlantic that the Robert and John Clements-founded insurer i...
DATE: May 16, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
It has been an impressive start to the year for Bermuda's insurance and reinsurance market with a combined profit of $3.3 billion amassed by two dozen key companies.
In only three months those 24 companies have made more money than the full-year gros...
DATE: May 16, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Investigations into alleged bid-rigging and other "shrewd business tactics" have now cost Ace Ltd. $89 million in paybacks and fines across the US.
In the latest settlement Bermuda's biggest insurance and reinsurance company has agreed to pay $9m to ...
DATE: May 15, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
A subsidiary of Bermuda-domiciled White Mountains Insurance Group has reached an agreement with US technology company Storm Exchange aimed at providing ready access to ways of predicting the impact of weather on business and how those businesses can ...
DATE: May 15, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Market capitalisation of Bermuda-registered Nordic American Tanker Shipping has topped $1 billion for the first time reflecting the growth in the company's fleet of tankers from four in 2004 to 12 at the end of last year.
It made a profit of $22 mill...
DATE: May 15, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Market capitalisation of Bermuda-registered Nordic American Tanker Shipping has topped $1 billion for the first time reflecting the growth in the company's fleet of tankers from four in 2004 to 12 at the end of last year.
It made a profit of $22 mill...
DATE: May 15, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Sales figures in Bermuda have rebounded after February's downswing, and for on-Island retailers the news gets better as the latest figures reveal residents spent less of their dollars overseas and more in Bermuda during March.
But a less rosy trend a...
DATE: May 15, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Faced with ever increasing ship sizes, such as the quarter-of-a-mile long Emma Maersk container ship and luxury cruise ships worth $1 billion, marine insurance underwriters more than ever need to keep up-to-date with technological advances and the ch...
DATE: May 14, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
American International Group made a $4.13 billion profit for the first quarter of 2007, a 29.3 percent increase that is almost a billion dollars more than the same quarter a year ago.
It now has consolidated assets just shy of a mind-boggling one tri...
DATE: May 11, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Marine insurance players have a lot to ponder during their two-day risk forum in Bermuda this week. For a starter how to make a profit from the sector.
The hull insurance market, which deals with physical damage to a ship, has not presented a profit ...
DATE: May 11, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
