76422 results returned for search: "" category "Business"
The Tucker’s Point Hotel and Resort is up for sale.
After being in receivership for some 16 months, the East End property is being marketed to potential buyers by international agency Jones Lang LaSalle and by Rego Sotheby’s International Realty in B...
DATE: Feb 13, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Reinsurance is struggling with too much capacity, Lancashire Holdings CEO Alex Maloney said yesterday.
“This is driving competition on both price and terms and conditions,” he added.
He was speaking as the firm released its 2014 last quarter and full...
DATE: Feb 13, 2015
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CATEGORY:
Reinsurance
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Bermuda-based insurer Ironshore has closed a deal that will make Chinese investment firm Fosun International Ltd the firm’s biggest shareholder.
Hong Kong-listed Fosun completed its purchase of 20 per cent of Ironshore’s outstanding shares, the compa...
DATE: Feb 13, 2015
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CATEGORY:
Reinsurance
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Many members of the US Congress in catastrophe-prone states oppose President Barack Obama’s plan to raise the US tax burden on foreign reinsurance companies — so it could be years until the issue is resolved.
That is the view of Robert DeRose, an ana...
DATE: Feb 13, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bank of Butterfield shares fell one cent (0.5 per cent) to $1.99 after 19,231 were traded on The Royal Gazette/BSX Index.
The bank’s stock was the only one to trade on the index, which slipped 4.72 points (0.34 per cent) to close at 1,368.44.
The BSX...
DATE: Feb 13, 2015
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CATEGORY:
Bermuda Stock Exchange
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Montpelier Re chief Christopher Harris yesterday said his firm was performing well on its own — even as larger rivals are merging in a tough reinsurance market.
Mr Harris said: “We’ve always said we try and focus on being better not bigger.”
And Mr H...
DATE: Feb 12, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
LONDON (Bloomberg) — Stephen Catlin, who is selling his Bermuda-based insurer to XL Group Plc for $4.2 billion, expects the pace of mergers among smaller insurers to gather pace.
“Anyone who has got a market value of less than $5 billion wherever the...
DATE: Feb 12, 2015
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CATEGORY:
Reinsurance
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Persons who make their own wills are known among litigation lawyers as a “lawyers’ delight”.
That is because they frequently make mistakes that end up before the courts either to have the will rectified by a judge or results in vitriolic litigation ...
DATE: Feb 12, 2015
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CATEGORY:
Other
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It might look like magic when Valentine’s Day flowers and gifts suddenly appear on your desk at work, or are delivered unexpectedly to your front door, but it takes more than the wave of a wand to make it all happen.
Behind-the-scenes at the florists...
DATE: Feb 12, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
NEW YORK (Bloomberg) — Arch Capital Group Ltd chief executive officer Dinos Iordanou said consolidation in the reinsurance market is good for business.
The deals will eliminate some “desperate competitors” who used tactics that have pressured revenue...
DATE: Feb 12, 2015
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CATEGORY:
Reinsurance
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