75898 results returned for search: "" category "Business"
A boom in the compliance side of the financial industry could bring a jobs bonanza to Bermuda, a US expert said yesterday.
Walter Zebrowski, chairman of the US-based international Regulatory Compliance Association (RCA) is to hold a special conferenc...
DATE: Nov 13, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurers are far less cavalier and more investor-friendly than they used to be a couple of decades ago.
That is the view of PartnerRe chief executive officer Costas Miranthis, expressed on a CEOs’ panel at at the PwC/S&P Bermuda Reinsurance 2014 co...
DATE: Nov 13, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shares of Ascendant Group Ltd fell 1.7 percent in Bermuda Stock Exchange trading today.
The owner of electricity company Belco was the only stock to trade and closed ten cents down at $5.90, as 800 shares changed hands.
The Royal Gazette/BSX Index cl...
DATE: Nov 13, 2014
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CATEGORY:
Bermuda Stock Exchange
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The Argus Group said today that claims for damage to cars and bikes related to the two big storms that hit Bermuda last month will not affect its customers’ no-claims discounts.
The Island was hit by Tropical Storm Fay and Hurricane Gonzalo within th...
DATE: Nov 13, 2014
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CATEGORY:
Other
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Bermuda has been recommended for approval as a qualified jurisdiction by a working group of the US regulatory support organisation the National Association of Insurance Commissioners (NAIC).
If the recommendation is approved, it will reduce collater...
DATE: Nov 13, 2014
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CATEGORY:
Reinsurance
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RenaissanceRe Holdings Ltd’s Peter Durhager is to step down as chief administrative officer (CAO), while Jeff Kelly is to become chief operating officer (COO), the Bermuda reinsurer said today.
A press release making the announcement stated that Mr D...
DATE: Nov 13, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Bermuda’s strict immigration laws are a drag on the economic regeneration of the Island, an expert said yesterday.
Peter Everson, a business consultant and former Chamber of Commerce spokesman on the economy, said: “Immigration policy and law as they...
DATE: Nov 12, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda insurer Argus is being sued for $15 million in damages by an American client who claims he lost millions allegedly invested in Bernard Madoff’s Ponzi scheme.
Antonio Calabrese, 61, says he lost $9 million and is suing Argus Group Holdings Ltd...
DATE: Nov 12, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The Bermuda insurance market writes £25 billion of business, which makes it more than half the size of the dominant London market, now at a “tipping point” with its position “under threat,” according to a just-released study reported in the London Ma...
DATE: Nov 12, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Some reinsurance bosses believe the industry needs a major catastrophe to thin out a crowded marketplace and to reverse the ongoing trend of falling reinsurance prices.
That is something that industry analyst Taoufik Gharib, of Standard & Poor’s Rati...
DATE: Nov 12, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
