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Bermuda’s delegation of government, industry and regulatory officials are today showcasing the island at the Risk and Insurance Management Society conference and exhibition in San Diego, California.
During the first full day several insurance industr...
DATE: Apr 12, 2016
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CATEGORY:
Reinsurance
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Insurance firm BF&M today reported earnings of $23.9 million for last year, up by $2.1 million on 2014.
The 2015 figure resulted in a return on shareholders’ equity of 9.6 per cent.
Gross premiums written for the year were $336.1 million, a decrease ...
DATE: Apr 12, 2016
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Royal Gazette/BSX Index slid 35.25 points, or 3 per cent, last week to close at 1,174.10.
Ascendant Group, the parent company of Belco, suffered the heaviest decline as its shares dropped $1.09, or 19.8 per cent, to end at $4.41 after 1,954 were ...
DATE: Apr 11, 2016
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CATEGORY:
Bermuda Stock Exchange
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Four Bermudian-based women have passed a tough exam for company directors.
Tracey Gibbons, senior vice-president of specialty insurance at Allied World Re, passed the Institute of Directors’ Certificate in Company Direction with distinction.
And Judi...
DATE: Apr 11, 2016
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CATEGORY:
Other
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A seminar to help would-be entrepreneurs get access to finance is to be held this month.
The Bermuda Economic Development Corporation discussion on accessing alternative finance will focus on non-bank sources of funding for small and medium businesse...
DATE: Apr 11, 2016
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CATEGORY:
Other
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Bermuda will use a major US conference to continue to differentiate the island from other offshore jurisdictions in the wake of the “Panama Papers” controversy that focused global attention on international financial centres.
Ross Webber, chairman of...
DATE: Apr 11, 2016
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Royal Gazette/BSX Index today closed up 2.54 points, or 0.22 per cent, at 1,176.63.
Bank of Butterfield was up 1 cent, or 0.6 per cent, at $1.65 after 2,500 shares changed hands.
Insurance company BF&M dropped 25 cents, or 1.44 per cent, to $17 a...
DATE: Apr 11, 2016
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CATEGORY:
Bermuda Stock Exchange
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Craig Landi has been appointed president of Argo Pro US, part of Argo Group International Holdings.
Mr Landi has previously held leadership roles at Arch and Ace, and a number of other insurance companies. He has joined Argo from Freedom Specialty In...
DATE: Apr 11, 2016
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CATEGORY:
Reinsurance
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Bermuda is to share its register of ownership of companies with the UK’s National Crime Agency.
Michael Dunkley, the Premier, said Bermuda already shares information on beneficial ownership with Britain’s tax authorities within 24 hours of a request ...
DATE: Apr 11, 2016
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermudian couple have renovated a historic inn in the US and given its restaurant an island flavour.
Allan Powell and wife Kathy took over the Tilton Inn in New Hampshire three years ago and renamed the restaurant Onions Pub and Restaurant in honou...
DATE: Apr 11, 2016
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor