77116 results returned for search: "" category "Business"
Shares of Devonshire Industries increased in value by $1.01 (20.2 per cent) to close at $6 after 500 were traded on The Royal Gazette/BSX Index.
The total value of the shares traded was $3,000. No other stocks were traded on the Index, which closed 0...
DATE: May 05, 2015
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CATEGORY:
Bermuda Stock Exchange
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RenaissanceRe’s profits rose more than 11 per cent in a first quarter notable for the completion of the reinsurer’s acquisition of Platinum Underwriters.
RenRe recorded $167.8 million in net income, up from $151 million in the corresponding quarter o...
DATE: May 05, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda is listed as 14th in a survey of the world’s biggest tax havens, by a US activist non-profit organisation.
The Global Citizen organisation placed the Island just ahead of Guernsey in the Channel Islands to round its 15-strong list — well behi...
DATE: May 04, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based insurer Ironshore has agreed to be acquired by Chinese investment firm Fosun International Ltd.
In a statement released late yesterday, Ironshore said it had reached an agreement to sell to Fosun the four-fifths of the company that the ...
DATE: May 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
PartnerRe Ltd's board of directors has rejected the buyout bid from Italian investment company Exor and offered a sweetened deal for shareholders to complete its proposed merger with Bermuda rival Axis Capital Holdings Ltd.
In a statement released th...
DATE: May 04, 2015
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CATEGORY:
Other
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OMAHA, Nebraska (Bloomberg) — Warren Buffett, the billionaire chairman of Berkshire Hathaway, said he expects a slump in reinsurance results in the coming decade as investors enter the market.
“It’s a business whose prospects have turned for the wors...
DATE: May 04, 2015
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CATEGORY:
Reinsurance
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A respected international designation for fundraising professionals has been awarded to Bermuda’s Jennifer Burland Adams.
She is the first Bermudian to hold the designation, and joins more than 5,000 professionals around the world who are Certified F...
DATE: May 04, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
XL Group and Catlin Group have completed their merger — and today the integration of the two insurers begins in earnest.
The Royal Gazette understands that 30 underwriting, actuarial and claims staff will this morning relocate from the Catlin office ...
DATE: May 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Butterfield Bank shares dipped 3.6 per cent in the week the bank announced it would buy four fifths of the stake formerly held by the Canadian International Bank of Commerce (CIBC).
Butterfield closed the week on a 52-week low of $1.90, after falling...
DATE: May 04, 2015
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CATEGORY:
Bermuda Stock Exchange
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A leading player in the insurance-linked securities (ILS) market will receive the Bermuda Insurance Institute’s Industry Leader of the year Award later this month.
Kathleen Faries, the chief executive officer of Tokio Solution Management Ltd (Tokio S...
DATE: May 04, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
