76417 results returned for search: "" category "Business"
Our stated purpose is very simple — to create a framework for a strong and vibrant local business sector in Bermuda.
A local business sector is critical for a successful economy in any country, it is where growth and job creation can occur and it is ...
DATE: Apr 07, 2015
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CATEGORY:
Bermuda Works
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Italy has taken Bermuda off a tax blacklist.
The Island has been removed from an Italian hit list of jurisdictions after Economy and Finance Minister Pier Carlo Padoan axed a provision in the country’s tax laws on jurisdictions “should not have a pri...
DATE: Apr 07, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A visual image of how a spate of mergers and acquisitions will impact the global reinsurance market has been produced by Aon Benfield.
It shows a combined XL/Catlin entity moving ahead of Hannover Re, by way of comparison, in rankings based on premiu...
DATE: Apr 07, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil
The US and Bermuda reinsurance market outperformed Lloyd’s of London in underwriting last year, according to ratings agency AM Best.
The combined underwriting ratio of 87.5 per cent narrowly beat Lloyd’s figure of 88.1 per cent.
Lloyd’s, however, had...
DATE: Apr 07, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Outward. Far too often as we approach challenges and attempt to find solutions we look inward and focus on what we can do within ourselves, our community or our country. This happened in the US at the turn of the last century and this was defined as ...
DATE: Apr 07, 2015
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CATEGORY:
Other
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A Bermuda-based former trader at an Island company yesterday admitted conspiracy to cook the books at his firm.
Michael Craig Marshall, who worked for ConvergEx Global Markets (CGM), pleaded guilty in a US court to one charge of conspiracy to falsify...
DATE: Apr 07, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Tough new rules could mean international insurance bosses having to live in Bermuda or spend more time here, according to experts.
And big firms may also have to look at the residence of members of their boards — and make sure that decisions about Be...
DATE: Apr 07, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Four domestic-board companies climbed on a busy day of trading on the Bermuda Stock Exchange today.
Argus Group Holdings Ltd soared by more than 10 per cent, while LOM Holdings Ltd was the other big climber, adding more than 7 per cent.
Butterfield B...
DATE: Apr 07, 2015
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CATEGORY:
Bermuda Stock Exchange
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ZURICH (BestWire) — Ace Ltd. has completed its $365 million acquisition of Fireman’s Fund high net worth personal lines insurance business from Allianz Group, making Ace one of the largest high net worth personal lines insurers in the United States.
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DATE: Apr 06, 2015
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CATEGORY:
Reinsurance
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Butterfield Bank shares advanced 1 per cent in Bermuda Stock Exchange trading in a holiday-shortened week.
The bank gained two cents on the trading of 226,313 shares to close on $1.99.
The only other stock to trade during the four-day week, with the ...
DATE: Apr 06, 2015
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CATEGORY:
Bermuda Stock Exchange
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