75898 results returned for search: "" category "Business"
Dear Dave,
I gave my wife $350 for Christmas shopping. While she was at the store with our six-year-old daughter, she cashed her bonus cheque to put with the Christmas money. When she tried to check out, the money was gone. My wife even asked our dau...
DATE: Dec 20, 2014
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CATEGORY:
Personal Finance
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Third Point Reinsurance Ltd is winding down its catastrophe reinsurance fund and diverting resources to Hiscox’s Kiskadee insurance-linked securities (ILS) platform, in changes announced to the relationship between the two Bermuda firms.
Third Point ...
DATE: Dec 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A total of 34,900 shares valued at $112,000 sold yesterday on The Royal Gazette/BSX.
Bank of Butterfield saw 26,000 shares sold, leaving its closing price unchanged at $1.99.
The Ascendant Group, which includes power firm Belco, saw 7,900 shares sold...
DATE: Dec 19, 2014
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CATEGORY:
Bermuda Stock Exchange
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Financial services firm Sun Life is planning to more than double its staff on the Island over the next few years.
And the Canadian-founded firm’s international arm aims to boost the number of Bermudians in top jobs with an international training prog...
DATE: Dec 19, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda Investment Advisory Services Ltd (BIAS) has received a double accolade from magazines covering the financial services industry.
Captive Review magazine awarded BIAS the US Captive Services Award 2014 for Innovation in Investment Management. S...
DATE: Dec 19, 2014
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CATEGORY:
Other
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Beverage giant Bacardi has given a cautious welcome to the normalisation of diplomatic relations between the US and Cuba — but played a straight bat to the question of whether it would consider moving its headquarters from Bermuda to the Caribbean is...
DATE: Dec 19, 2014
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Private air travel boosted Bermuda’s income by more than $50 million in just six months last year, according to a jet-setters’ magazine.
The Island came seventh in the top ten Caribbean area airports for private jet arrivals in a survey by Elite Trav...
DATE: Dec 19, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Ace Ltd chief executive officer Evan Greenberg has described the US Congress as “irresponsible” for adjourning without renewing a US Government programme to backstop terrorism insurance losses.
TRIA (the Terrorism Risk Insurance Act) is due to expire...
DATE: Dec 19, 2014
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CATEGORY:
Reinsurance
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Global reinsurer Swiss Re has estimated that the insurance industry was hit by $34 billion in catastrophe losses in 2014 — a lower-than-normal tally in recent years — and $11 billion less than in 2013.
The Zurich-based company said its preliminary es...
DATE: Dec 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Ratings firm AM Best has given its seal of approval to Tokio Millennium Re (TMR).
AM Best has affirmed Tokio’s financial strength at A++ (superior) and issuer credit rating at aa+ with a stable outlook on both.
The ratings agency said: “The ratings r...
DATE: Dec 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
