75770 results returned for search: "" category "Business"
Feedback. One of the greatest gifts we receive from our families, our friends, and our clients is feedback on what we are doing, how we are doing it, what is great, and what can be improved.
Without these inputs there would be little incentive to lo...
DATE: May 16, 2017
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CATEGORY:
Other
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Inflation rose to its highest level in two-and-a-half years as the rising cost of gasoline, healthcare and education took a toll on consumers.
The cost of living was 2.4 per cent higher in March than in the same month of 2016, according to the Consum...
DATE: May 16, 2017
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CATEGORY:
Other
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Fitch Ratings sees no end in sight for soft pricing in the reinsurance market.
The credit rating agency believes the soft market will last through to the end of this year at least, driving more companies to seek merger partners.
“We expect premium ra...
DATE: May 16, 2017
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CATEGORY:
Reinsurance
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Insurance firm BF&M dropped 50 cents to $21 on The Royal Gazette/BSX Index.
The fall, equal to 2.3 per cent, came after 600 shares traded.
Telecoms company One Communications also dropped, down 30 cents, or 10.7 per cent, to $2.50 after 20,500 shares...
DATE: May 16, 2017
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CATEGORY:
Bermuda Stock Exchange
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A double whammy of cuts in the UK discount rate for bodily injury lump-sum payouts and higher natural disaster losses has hit earnings of the island’s insurance and reinsurance industry.
A report by ratings agency Standard & Poors said the combinatio...
DATE: May 15, 2017
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda saw a near 30 per cent drop in offshore insolvency filings last year compared to the year before, the lowest figure since 2013.
The island saw a total of 15 compulsory winding up orders last year.
In addition, the conversion rate for Bermuda,...
DATE: May 15, 2017
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
MUNICH (Bloomberg) — For companies and organisations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cybercrime insurance, it’s free marketing for what cou...
DATE: May 15, 2017
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CATEGORY:
Other
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The Royal Gazette/BSX Index closed the week at 2,042.06, down from 2,075.92 a week earlier.
Meanwhile, the BSX Insurance Index was 1,850.06 on Friday, down from 1,864.48 the week before.
DATE: May 15, 2017
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CATEGORY:
Bermuda Stock Exchange
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Industry veteran Brian Duperreault has left island-based Hamilton Insurance Group to become head of American insurance giant AIG.
Douglas Steenland, chairman of AIG, said: “Brian is uniquely qualified to lead AIG at this important time.
“He is a hand...
DATE: May 15, 2017
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda businesses are being given the chance to see a free demonstration of an online Bermuda payroll system that automates the new changes to the payroll tax structure introduced by the Bermuda Government.
A lunch and learn demo session will be hel...
DATE: May 15, 2017
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CATEGORY:
Other
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AUTHOR:
Scott Neil