76413 results returned for search: "" category "Business"
Bermuda-based insurer Ironshore has agreed to be acquired by Chinese investment firm Fosun International Ltd.
In a statement released late yesterday, Ironshore said it had reached an agreement to sell to Fosun the four-fifths of the company that the ...
DATE: May 04, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
PartnerRe Ltd's board of directors has rejected the buyout bid from Italian investment company Exor and offered a sweetened deal for shareholders to complete its proposed merger with Bermuda rival Axis Capital Holdings Ltd.
In a statement released th...
DATE: May 04, 2015
|
CATEGORY:
Other
|
OMAHA, Nebraska (Bloomberg) — Warren Buffett, the billionaire chairman of Berkshire Hathaway, said he expects a slump in reinsurance results in the coming decade as investors enter the market.
“It’s a business whose prospects have turned for the wors...
DATE: May 04, 2015
|
CATEGORY:
Reinsurance
|
A respected international designation for fundraising professionals has been awarded to Bermuda’s Jennifer Burland Adams.
She is the first Bermudian to hold the designation, and joins more than 5,000 professionals around the world who are Certified F...
DATE: May 04, 2015
|
CATEGORY:
Other
|
AUTHOR:
Scott Neil
XL Group and Catlin Group have completed their merger — and today the integration of the two insurers begins in earnest.
The Royal Gazette understands that 30 underwriting, actuarial and claims staff will this morning relocate from the Catlin office ...
DATE: May 04, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
Butterfield Bank shares dipped 3.6 per cent in the week the bank announced it would buy four fifths of the stake formerly held by the Canadian International Bank of Commerce (CIBC).
Butterfield closed the week on a 52-week low of $1.90, after falling...
DATE: May 04, 2015
|
CATEGORY:
Bermuda Stock Exchange
|
A leading player in the insurance-linked securities (ILS) market will receive the Bermuda Insurance Institute’s Industry Leader of the year Award later this month.
Kathleen Faries, the chief executive officer of Tokio Solution Management Ltd (Tokio S...
DATE: May 04, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
Bermuda Institute celebrated a one-two finish as the KPMG Senior School Investment Challenge marked its tenth year.
The top team ‘Tradewins’ achieved a near 22 per cent return on their $100,000 virtual portfolio over the six-month investment period t...
DATE: May 04, 2015
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Endurance Specialty Holdings improved its first quarter profits by $4 million, to hit $108.4 million compared to the same period a year ago.
The net income available to common shareholders was $100.3 million, or $2.23 per common share.
The company’s ...
DATE: May 04, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Scott Neil
Shares of Butterfield Bank advanced by five cents, 2.6 per cent, to close at $1.95 after 4,500 were traded on The Royal Gazette/BSX Index.
No other stocks traded on the Index, which closed at 1,343.21, up 22.40 points (1.70 per cent).
The BSX Insuran...
DATE: May 04, 2015
|
CATEGORY:
Bermuda Stock Exchange
|
