75907 results returned for search: "" category "Business"
Bermuda’s insurers and reinsurers are getting better at agreeing terms and conditions with their customers.
Yesterday, the 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) reported a record high contract certainty...
DATE: Aug 14, 2014
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CATEGORY:
Reinsurance
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By Rebecca Zuill
Motor sales are on the upswing, the June Retail Sales Index, released yesterday, shows.
The beleaguered ‘Motor Vehicle Stores’ category was among the worst hit sectors during the economic recession, and since the index base year of 2...
DATE: Aug 14, 2014
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CATEGORY:
Local Business
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Bermuda-domiciled oil tanker operator Nordic American Tanker (NAT) reported that rates for hiring its vessels plunged in the second quarter of this year — but it expects a rebound in the current quarter.
NAT said rates achieved for its trading fleet ...
DATE: Aug 14, 2014
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
Telecommunications group KeyTech Ltd fell 3.5 percent in Bermuda Stock Exchange trading today.
KeyTech fell 15 cents to close on $4.15, as 4,300 shares traded.
Butterfield Bank remained unchanged on $1.99 as 148,907 shares changed hands.
Ascendant Gr...
DATE: Aug 14, 2014
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CATEGORY:
Bermuda Stock Exchange
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A total of eight insurance company registrations were confirmed in July, the Bermuda Monetary Authority reported.
Class two registrations, which are required to maintain minimum capital and surplus of $250,000, include Pomorum Insurance Company Ltd a...
DATE: Aug 13, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Bermuda-based re/insurer Endurance Specialty Holdings Ltd has strengthened its London-based Commercial Directors and Officers unit with the appointment of Jeremy Isaacs as senior vice-president.
With experience as both an underwriter and broker in t...
DATE: Aug 13, 2014
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CATEGORY:
Reinsurance
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XL Group has appointed Michael LaRocca chief underwriting officer for its North America property insurance business.
He will be based in XL’s New York office and report to Michele Sansone, president of XL’s North America property unit, XL said in a s...
DATE: Aug 13, 2014
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CATEGORY:
Reinsurance
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Gibraltar media reported last week that hundreds of small investors who lost money as a result of fraud committed by Benjamin, Isaac and Solomon Marrache, brothers who had run one of Gibralter’s largest law firms, are unlikely to recover their assets...
DATE: Aug 13, 2014
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CATEGORY:
International Business
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AUTHOR:
Rebecca Zuill
Six Bermudian university students have completed the Ace Select insurance-focused internship programme with global insurer Ace Group.
The 12-week programme focused on providing hands-on experience, team building, networking, and professional skills d...
DATE: Aug 13, 2014
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CATEGORY:
Other
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Desarrollos Hotelco Group, selected from five companies to redevelop the 124-acre ‘Club Med’ site — officially called the St George’s tourism development site — is more than half way through its exclusive negotiation period of 120 days, chairman of t...
DATE: Aug 13, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
