75889 results returned for search: "" category "Business"
ZURICH (BestWire) — Ace Ltd. has completed its $365 million acquisition of Fireman’s Fund high net worth personal lines insurance business from Allianz Group, making Ace one of the largest high net worth personal lines insurers in the United States.
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DATE: Apr 06, 2015
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CATEGORY:
Reinsurance
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Butterfield Bank shares advanced 1 per cent in Bermuda Stock Exchange trading in a holiday-shortened week.
The bank gained two cents on the trading of 226,313 shares to close on $1.99.
The only other stock to trade during the four-day week, with the ...
DATE: Apr 06, 2015
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CATEGORY:
Bermuda Stock Exchange
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Profits fell slightly last year for the member companies of the Association of Bermuda Insurers and Reinsurers (ABIR), the industry body announced.
The 19 of ABIR’s 21 members who agreed to be surveyed racked up a combined $11 billion in net income ...
DATE: Apr 06, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-domiciled bond insurer Assured Guaranty Ltd said today it had completed the acquisition of Radian Asset Assurance Inc for more than $800 million.
The planned merger of the two firms, whose primary business is insuring municipal bonds, was fir...
DATE: Apr 06, 2015
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CATEGORY:
Reinsurance
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New vendors are being encouraged to tap into their entrepreneurial spirit and set up a business that can provide empowerment to themselves and help with the revitalisation of tourism.
More than 60 people attended the first in a series of three worksh...
DATE: Apr 06, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Dear Dave,
My parents are going through a divorce, and money issues are a big part of the problem. My dad bought several rental properties and poured money into them. Then, he lost them to foreclosure and isn’t making a lot in his new, commission-ba...
DATE: Apr 04, 2015
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CATEGORY:
Personal Finance
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It’s a nightmare for families and their financial advisers: a parent or client with Alzheimer’s and significant money to manage.
Those with elderly clients know the potential for trouble. Should they execute an unusual order to sell or buy from a cl...
DATE: Apr 04, 2015
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CATEGORY:
Personal Finance
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Bermuda-based Mitsubishi UFJ Fund Services (Mitsubishi UFJ), a global asset administrator, has launched its Cayman Islands Trustee Services, targeting new and existing Cayman Islands unit trusts. The new services complement the established fund admin...
DATE: Apr 02, 2015
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CATEGORY:
International Business
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Ace Ltd and BlackRock yesterday said they have launched their new Bermuda-based joint reinsurance venture ABR Reinsurance Ltd.
The two firms announced late yesterday that they had raised about $800 million through a private placement to get the new v...
DATE: Apr 02, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-based Hamilton Insurance Group has broken into the massive Lloyd’s of London market with its latest acquisition.
The firm’s deal to take over Sportscover Underwriting Ltd — a Lloyd’s managing agent for Syndicate 3334 and Kinetic Brokers, a Ll...
DATE: Apr 02, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
