77111 results returned for search: "" category "Business"
Bermuda-domiciled insurance and reinsurance firm Argo Group has appointed a new global head of professional lines.
Steve McGill, who starts next month and has 27 years’ experience in the industry, joins the firm from XL Catlin, where he was global pr...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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PartnerRe has agreed to be bought out by Italian investment firm Exor in a $6.9 billion deal.
The reinsurer has scrapped its previous plan to merge with fellow Bermuda firm Axis Capital.
Exor, which is controlled by the wealthy Agnelli family, will p...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Insurance firm XL Catlin yesterday revealed operating earnings of nearly $246 million for the second quarter of the year.
The results are the first since XL and Catlin combined under the XL Group banner.
The $245.8 million operating profit reported f...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Axis Capital failed in its bid to merge with rival PartnerRe after Italian investment firm Exor won a bidding war — but the firm is $315 million better off as a result of a massive break fee.
The firm accepted defeat after PartnerRe’s board yesterday...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Endurance will keep on nearly half of the worldwide staff of its new acquisition Montpelier Reinsurance, The Royal Gazette has learned.
The deal closed on Endurance’s takeover of its fellow Bermuda-based insurer and reinsurer last Friday.
Montpelier ...
DATE: Aug 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
This article was submitted by 23-year-old Riketa Pavy. It reflects her experience of working for local chain Buzz and how she has earned an opportunity to go to university in the UK, supported by her employer.
By Riketa Pavy
I began working at Buzz i...
DATE: Aug 04, 2015
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CATEGORY:
Local Business
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The Royal Gazette/BSX closed unchanged at 1,243.64 after a day of no trades.
The BSX Insurance Index ended the day down 13.91 points (0.85 per cent) at 1,631.70.
DATE: Aug 04, 2015
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CATEGORY:
Bermuda Stock Exchange
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Two more proxy advisory firms have recommended PartnerRe shareholders to vote against a merger with Axis Capital.
Proxy Mosaic said that a rival all-cash $6.8 billion bid by Italian investment firm Exor for PartnerRe “outweighs the potential upside i...
DATE: Aug 03, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Get ready to experience a sense of déjà vu when you purchase a bottle of Gosling’s Black Seal rum during the next few months, because retro bottles featuring the same label design used in the 1960s are about to hit the shelves.
For a limited time the...
DATE: Aug 03, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
The Royal Gazette/BSX Index closed higher at the end of the holiday-shortened week, finishing 3.5 points (0.28 per cent) higher at 1,247.44. The Index was closed on Thursday and Friday.
Shares of Watlington Waterworks improved 25 cents (1.3 per cent)...
DATE: Aug 03, 2015
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CATEGORY:
Bermuda Stock Exchange
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