75874 results returned for search: "" category "Business"
A total of 6,380 shares worth $64,129 traded on The Royal Gazette/BSX Index.
Investment holding company Somers Ltd, which owns the Bermuda Commercial Bank, saw 4,500 shares move, leaving its price unchanged at $13.50.
And 1,880 shares in the Bank of ...
DATE: Aug 05, 2015
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CATEGORY:
Bermuda Stock Exchange
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If you ask a US citizen what they are most afraid of in getting in their mail most will answer “a letter from the Internal Revenue Service”. And with good reason. The average person has little to no knowledge of the Internal Revenue Code and relies o...
DATE: Aug 04, 2015
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CATEGORY:
Other
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Insurance and reinsurance firm Endurance yesterday posted a $1 million rise in profits for the second quarter of the year.
The firm recorded net income of $76 million, equal to $1.68 per common share, compared to profits of $75 million in the same pe...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-domiciled insurance and reinsurance firm Argo Group has appointed a new global head of professional lines.
Steve McGill, who starts next month and has 27 years’ experience in the industry, joins the firm from XL Catlin, where he was global pr...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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PartnerRe has agreed to be bought out by Italian investment firm Exor in a $6.9 billion deal.
The reinsurer has scrapped its previous plan to merge with fellow Bermuda firm Axis Capital.
Exor, which is controlled by the wealthy Agnelli family, will p...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Insurance firm XL Catlin yesterday revealed operating earnings of nearly $246 million for the second quarter of the year.
The results are the first since XL and Catlin combined under the XL Group banner.
The $245.8 million operating profit reported f...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Axis Capital failed in its bid to merge with rival PartnerRe after Italian investment firm Exor won a bidding war — but the firm is $315 million better off as a result of a massive break fee.
The firm accepted defeat after PartnerRe’s board yesterday...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Endurance will keep on nearly half of the worldwide staff of its new acquisition Montpelier Reinsurance, The Royal Gazette has learned.
The deal closed on Endurance’s takeover of its fellow Bermuda-based insurer and reinsurer last Friday.
Montpelier ...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
This article was submitted by 23-year-old Riketa Pavy. It reflects her experience of working for local chain Buzz and how she has earned an opportunity to go to university in the UK, supported by her employer.
By Riketa Pavy
I began working at Buzz i...
DATE: Aug 04, 2015
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CATEGORY:
Local Business
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The Royal Gazette/BSX closed unchanged at 1,243.64 after a day of no trades.
The BSX Insurance Index ended the day down 13.91 points (0.85 per cent) at 1,631.70.
DATE: Aug 04, 2015
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CATEGORY:
Bermuda Stock Exchange
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