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Bermudian-based insurer and reinsurer Hiscox Ltd saw its profit more than halved for the first six months of the year.
Its pre-tax profit of $102.6 million was down from the $206 million for the same period last year.
However, if the impact of foreig...
DATE: Aug 01, 2017
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda is to host two new insurance industry events later this year.
Field Gibson Media’s Insurance Risk and Capital Bermuda will be held on October 20 at the Hamilton Princess.
The company publishes the online InsuranceERM magazine and the confere...
DATE: Aug 01, 2017
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Edie Jaworski has joined the Bermuda office of professional services firm EY.
She previously worked at EY’s New York office for 18 years.
David Brown, EY Bermuda senior partner and regional insurance leader, said: “We are very pleased to have Edie jo...
DATE: Aug 01, 2017
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Interns at the Bermuda Foundation for Insurance Studies have given presentations on what they learnt during immersion in the insurance markets of Atlanta, Bermuda, Chicago and London this summer.
The presentations were given to 50 insurance professi...
DATE: Aug 01, 2017
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CATEGORY:
Reinsurance
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Shares of One Communications Ltd improved five cents, or 2.3 per cent, to $2.20 on The Royal Gazette/BSX Index.
The only other stock traded was Butterfield Bank, with 200 shares changing hands, but with no impact on the closing price of $34.
On the N...
DATE: Aug 01, 2017
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CATEGORY:
Bermuda Stock Exchange
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Bermuda’s current account surplus doubled in the first three months of this year to $328 million, compared to $161 million for the same period last year.
The increase was largely attributed to improvement in the surplus balance on the primary income ...
DATE: Jul 31, 2017
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Four stocks finished higher for the week on The Royal Gazette/BSX Index.
The best performer was Bermuda Aviation Services, which was up 20 cents, or 10 per cent, at $2.20 after 12,400 shares traded.
HSBC Holdings improved 40 cents, or 4.37 per cent, ...
DATE: Jul 31, 2017
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CATEGORY:
Bermuda Stock Exchange
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A trendy new retail store, Urban Little One, has opened on Front Street, and is tailored to children from newborns up to 5 years old.
The shop has a unique style and artistic flare that is designed to give customers a different experience.
It has e...
DATE: Jul 31, 2017
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CATEGORY:
Local Business
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Shares of Devonshire Industries fell 75 cents, or 14.3 per cent, to $4.50 after 500 traded on The Royal Gazette/BSX Index.
Ascendant Group was down six cents, or 0.7 per cent, at $8.89 after 3,000 shares changed hands, while West Hamilton Holdings lo...
DATE: Jul 31, 2017
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CATEGORY:
Bermuda Stock Exchange
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Bermuda’s economy benefits to the tune of $79 million in a single year from direct expenditure by members of the Bermuda International Long Term Insurers and Reinsurers organisation.
That is one of the findings of a survey done by the group to assess...
DATE: Jul 31, 2017
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CATEGORY:
Reinsurance
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