75895 results returned for search: "" category "Business"
A fresh attack on a mainstay of Bermuda business in US President Barack Obama’s budget proposals has been brushed aside by Government.
The presidents proposals include denial of tax deductions for reinsurance premiums paid to foreign affiliates and t...
DATE: Feb 05, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Myth #31: Since all assets are in trust and I own nothing in my own name, my spouse can’t get any award if we divorce.
There appears to be considerable confusion regarding the ability of the Court to make orders affecting trust property upon a divorc...
DATE: Feb 05, 2015
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CATEGORY:
Other
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A new storage firm has opened its doors.
Bermuda EZ Self Storage — housed in a purpose-built building in Harvey Road, Paget — offers a range of storage space for household or commercial use.
Company manager Phillipa Baisden said that the owners had a...
DATE: Feb 05, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance and reinsurance firm Allied World Assurance posted operating income of more than double analysts’ estimates for the fourth quarter of last year.
The Switzerland-based firm with substantial operations in Bermuda reported operating income of ...
DATE: Feb 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Everest Re Group Ltd’s posted net income of $1.2 billion as a lack of catastrophe claims helped to boost earnings.
The Bermuda reinsurer also saw premiums, operating earnings per share and book value per share rise by double-digit percentages in what...
DATE: Feb 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
PartnerRe last night announced record operating earnings per share.
The news came in the firm’s earnings report for the fourth quarter, which also revealed net income of just shy of $1 billion for the year.
Operating earnings at PartnerRe — due to me...
DATE: Feb 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Shares of Ascendant Group and Bermuda Aviation Services advanced on The Royal Gazette/BSX Index, helping to lift the index to 1,374.90, up 3.51 points (0.26 per cent).
Utilities group Ascendant saw its shares improve by 40 cents (7.4 per cent) to clo...
DATE: Feb 05, 2015
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CATEGORY:
Bermuda Stock Exchange
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Axis Capital Holdings Ltd recorded net income for 2014 of $771 million, compared to $684 million the year before.
The re/insurer last month announced its intention to merge with PartnerRe Ltd, with the transaction expected to close in the second half...
DATE: Feb 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil
Cyber security should be top of the shopping list for retailers, a specialist group set up to beat computer crime said yesterday.
The Bermuda Cyber Threat Intelligence Group said that hacking risks were real — and could hit firms’ reputations and pro...
DATE: Feb 04, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of 18 new insurance-related registrations were logged by the Bermuda Monetary Authority (BMA) last month.
Special purpose insurers were the biggest single class, with seven approvals.
Class 1 insurers accounted for three new registrations, w...
DATE: Feb 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
