75898 results returned for search: "" category "Business"
XL’s purchase of Catlin could encourage acquisition raids from Bermuda on the Lloyd’s market.
That’s the view of Eamonn Flanagan, an equity analyst at Shore Capital.
Mr Flanagan told Best’s News Service the $4.1 billion deal announced last Friday “mi...
DATE: Jan 13, 2015
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg News) — Investors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group CEO Mike McGavick said.
In the past, capital-markets partners would “pat you on the head and they’d say, ‘Y...
DATE: Jan 13, 2015
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CATEGORY:
Reinsurance
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Reinsurance firms have cut exposure in areas like property catastrophe that fail to produce acceptable returns, a new survey has revealed.
And the AM Best briefing on global reinsurance said that trend was likely to continue this year as firms strugg...
DATE: Jan 13, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of 70,135 shares worth $168,856 traded on the Bermuda Stock Exchange today.
The Bank of Butterfield saw 58,355 of its shares sold, leaving the price unchanged at $1.99.
And 10,000 shares in insurance firm Argus Group Ltd changed hands, leavin...
DATE: Jan 13, 2015
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CATEGORY:
Bermuda Stock Exchange
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Bacardi Ltd, the world’s largest privately held spirits company, has announced the immediate promotion of Dmitry “Dima” Ivanov, 38, to chief marketing officer (CMO) of Bacardi and president of Bacardi Global Brands.
In these roles, Mr Ivanov is respo...
DATE: Jan 13, 2015
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CATEGORY:
Other
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The CEO of global business insurer XL Group is to be honoured in New York.
Mike McGavick, the head of XL Group, will be given the St John’s University School of Risk Management’s 2014 Insurance Leader of the Year award at a gala dinner in New York ne...
DATE: Jan 13, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
KeyTech Ltd shares surged by more than 20 per cent last week to push The Royal Gazette / BSX Index higher.
The telecommunications bounced off its 52-week low of $3 to $3.70 on the trading of 63,600 shares. The 70-cent rise represented an increase of ...
DATE: Jan 12, 2015
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CATEGORY:
Bermuda Stock Exchange
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Jobs cuts and the merging of offices around the world are likely consequences of XL Group’s pending acquisition of Catlin — but it is too early to say exactly how that will affect the Bermuda operations of the two companies, says XL chief executive o...
DATE: Jan 12, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A subsidiary of Bermuda-based insurer Ironshore has bought out a Dubai-based underwriter as it looks to expand its business in Asia and Africa.
Ironshore International said it completed the acquisition of Visionary Underwriting Agency last month.
Vis...
DATE: Jan 12, 2015
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CATEGORY:
Reinsurance
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Only 1,000 shares changed hands on The Royal Gazette/BSX Index, leaving the index unchanged at 1,360.32.
The trading of the BF&M shares did not alter the closing price of $17.75.
The BSX Insurance Index fell 13.65 points (0.89 per cent) to close at 1...
DATE: Jan 12, 2015
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CATEGORY:
Bermuda Stock Exchange
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