75895 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — Third Point Reinsurance Ltd, the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, said buying a competitor in the US or Europe could clash with its business model.
“One of our strengths is we can tell people tha...
DATE: Feb 13, 2015
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CATEGORY:
Reinsurance
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A training programme aimed at helping school pupils on to the career ladder in the insurance and reinsurance industry has taken off.
Pupils at the Island’s two senior schools, the Berkeley Institute and CedarBridge Academy, are taking part in the ind...
DATE: Feb 13, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
NEW YORK (AP) — American International Group last night posted fourth-quarter results that fell short of Wall Street’s expectations.
The New York-based insurer, which has long-established operations in Bermuda, said its net income totalled $655 milli...
DATE: Feb 13, 2015
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CATEGORY:
Other
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The Tucker’s Point Hotel and Resort is up for sale.
After being in receivership for some 16 months, the East End property is being marketed to potential buyers by international agency Jones Lang LaSalle and by Rego Sotheby’s International Realty in B...
DATE: Feb 13, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Reinsurance is struggling with too much capacity, Lancashire Holdings CEO Alex Maloney said yesterday.
“This is driving competition on both price and terms and conditions,” he added.
He was speaking as the firm released its 2014 last quarter and full...
DATE: Feb 13, 2015
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CATEGORY:
Reinsurance
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Bermuda-based insurer Ironshore has closed a deal that will make Chinese investment firm Fosun International Ltd the firm’s biggest shareholder.
Hong Kong-listed Fosun completed its purchase of 20 per cent of Ironshore’s outstanding shares, the compa...
DATE: Feb 13, 2015
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CATEGORY:
Reinsurance
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Many members of the US Congress in catastrophe-prone states oppose President Barack Obama’s plan to raise the US tax burden on foreign reinsurance companies — so it could be years until the issue is resolved.
That is the view of Robert DeRose, an ana...
DATE: Feb 13, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bank of Butterfield shares fell one cent (0.5 per cent) to $1.99 after 19,231 were traded on The Royal Gazette/BSX Index.
The bank’s stock was the only one to trade on the index, which slipped 4.72 points (0.34 per cent) to close at 1,368.44.
The BSX...
DATE: Feb 13, 2015
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CATEGORY:
Bermuda Stock Exchange
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Montpelier Re chief Christopher Harris yesterday said his firm was performing well on its own — even as larger rivals are merging in a tough reinsurance market.
Mr Harris said: “We’ve always said we try and focus on being better not bigger.”
And Mr H...
DATE: Feb 12, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
LONDON (Bloomberg) — Stephen Catlin, who is selling his Bermuda-based insurer to XL Group Plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace.
“Anyone who has got a market value of less than $5 billion wherever the...
DATE: Feb 12, 2015
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CATEGORY:
Reinsurance
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