75908 results returned for search: "" category "Business"
A total of three major aircraft losses this year should halt the decline in aviation insurance rates, states a preliminary report released by AM Best on the insurance implications of the crash of Malaysia Airlines Flight MH-17.
It said: “For a number...
DATE: Jul 25, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Shares of KeyTech Ltd fell nearly seven percent in Bermuda Stock Exchange trading today to return to a 52-week low.
The telecommunications group ended the day on $3.50, having fallen 25 cents, or 6.7 percent, on the trading of 1,700 shares.
Butterfie...
DATE: Jul 25, 2014
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CATEGORY:
Bermuda Stock Exchange
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Allied World Assurance Company Holdings yesterday reported net income of $151.9 million for the second quarter of 2014 compared to a net loss of $1.9 million for the second quarter of 2013. Operating income was $76.1 million, down from $103.5 million...
DATE: Jul 24, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
NEW YORK (Bloomberg) — Ace Ltd chief executive officer Evan Greenberg said the insurer’s formula for integrating companies gives him confidence that he can handle risks in emerging markets, even as he faulted Brazilian leaders for “lousy” economic po...
DATE: Jul 24, 2014
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CATEGORY:
Reinsurance
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Bermuda market executives are involved in the latest portion of the Bermuda Insurance Institute/Wharton Leadership programme. This year there are 19 professionals from 11 different companies participating in the educational initiative.
Bermuda Insur...
DATE: Jul 24, 2014
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CATEGORY:
Reinsurance
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Aspen Insurance Holdings Ltd last night reported net income after tax of $130.8 million, or $1.82 diluted net income per share, for the quarter ended June 30, 2014.
The Bermuda re/insurer highlighted its annualised operating return on equity (ROE) of...
DATE: Jul 24, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Sixteen Bermudian students received priceless advice from one of the most successful local entrepreneurs to come out of the Bermuda insurance market.
The students who are interested in insurance careers, participate in an internship programme sponsor...
DATE: Jul 24, 2014
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CATEGORY:
Reinsurance
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Bermuda reinsurer Everest Re Group Ltd reported that second-quarter profits rose by more than five percent from the same period last year to $290.2 million, or $6.26 per diluted common share.
After-tax operating income, excluding realised capital gai...
DATE: Jul 24, 2014
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CATEGORY:
Reinsurance
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Even though there is little evidence of any strong uptick in economic activity to date, Bermuda’s economy has stabilised, LOM (Holdings) Ltd CEO Scott Lines said yesterday.
And he sees policy changes to attract more international capital into the rea...
DATE: Jul 24, 2014
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
A new series of panel discussions called ‘Thought leadership Thursdays’ is to begin this evening with the topic of the use of a person’s own ‘device’ such as a tablets, smartphone and laptop, in the working environment.
Open to the public, the aim of...
DATE: Jul 24, 2014
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CATEGORY:
Other
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