76402 results returned for search: "" category "Business"
The world insurance market against cyber crime will hit $5 billion within three years, experts said yesterday.
And they predicted it would reach at least $7.5 billion within five years.
The news came in a report from professional services firm PwC at...
DATE: Sep 16, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The “go shop” provision in the takeover deal of reinsurance firm PartnerRe by Italian investment giant Exor yesterday expired.
The deal gave PartnerRe — which had previously agreed a merger deal with Axis Capital — around two months to find another b...
DATE: Sep 16, 2015
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CATEGORY:
Reinsurance
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The California Earthquake Authority, through its Bermuda-based special purpose insurer, Ursa Re Ltd, has issued a $250 million cat bond to cover earthquake risk in California. The Series 2015-1 Class B notes will run for three years and become due on...
DATE: Sep 16, 2015
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CATEGORY:
Reinsurance
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Bank of Butterfield spend about $350,000 buying back 204,945 of its common shares during August. The company repurchased the shares at an average price of $1.737 per share. Butterfield’s shares yesterday closed up one cent (0.6 per cent) at $1.80.
DATE: Sep 16, 2015
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CATEGORY:
Local Business
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Overall company strategy and holding on to value are key to taking advantage of the record numbers of mergers and acquisitions in insurance.
Arthur Wightman, head of the Bermuda territory and insurance for financial services firm PwC, said a new repo...
DATE: Sep 16, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new programme designed to inspire a new generation of entrepreneurs will be unveiled tonight.
Gary Schoeniger, US-based co-founder of the Ice House programme, has travelled to Bermuda to launch a series of classes.
Mr Schoeniger said that as — trad...
DATE: Sep 16, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Jon Burull has been promoted to the post of chief operating officer at Bermuda Waterworks Ltd.
Mr Burull joined the company in May 1989. The company said he had been “instrumental in all of the infrastructure strengthening projects that the company h...
DATE: Sep 16, 2015
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CATEGORY:
Local Business
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The number of mergers and takeovers in Bermuda jumped by nearly half in the second quarter of this year.
The 50 per cent spike in the second quarter compared to the first part of the year represented 127 deals.
A report by legal firm Appleby in its O...
DATE: Sep 16, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
David Pugh is to step down as chief financial officer of Argus Group later this month ahead of his retirement in January next year.
Mr Pugh, who has worked for the insurer for nearly 33 years, will step down after the Argus annual general meeting on ...
DATE: Sep 16, 2015
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CATEGORY:
Local Business
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A total of 11,900 shares worth a total of $96,390 today traded on the Bermuda Stock Exchange (BSX).
The Bank of Butterfield saw 6,900 shares move, leaving its price down one cent (0.6 per cent) at $1.78.
Bank of Butterfield preference shares also dro...
DATE: Sep 16, 2015
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CATEGORY:
Bermuda Stock Exchange
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