75912 results returned for search: "" category "Business"
Faced with unprecedented structural changes as a result of a flood of capital markets money seeking to cash in on writing reinsurance risks, the global reinsurance industry faces a fight for survival. But one top broker has proposed a shift in thinki...
DATE: Jul 01, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Shares of insurer Tower Group International Ltd plunged to a record low yesterday on investor concerns that its planned merger deal with fellow Bermuda company ACP Re would not go through.
Tower declined 20 percent to $1.62 during morning trading in ...
DATE: Jul 01, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-based Wind River Reinsurance Company Ltd., a subsidiary of Global Indemnity plc since its formation in 2006, has changed its name to Global Indemnity Reinsurance Company Ltd.”
Global Indemnity Re provides property and casualty reinsurance and...
DATE: Jul 01, 2014
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CATEGORY:
Other
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The Royal Gazette/Bermuda Stock Exchange Index edged a fraction higher last week, thanks to Butterfield bank shares rising by a cent.
The bank climbed 0.5 percent to close the week on $2, as 26,322 shares changed hands.
The Index gained 0.58 of a poi...
DATE: Jun 30, 2014
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CATEGORY:
Bermuda Stock Exchange
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A former insurance boss, who now heads the public-funded agency designed to grow international business, has predicted five more years of soft rates for Bermuda reinsurers.
And Bermuda Business Development Agency chairman David Cash also identified t...
DATE: Jun 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Homer’s at Masterworks Museum of Bermuda Art in the Botanical Gardens has a new general manager and is now under the auspices of The Portuguese Bakery and Catering (PB&C).
General manager Rolisa Camille and John Eric Amaral, who is the manager direct...
DATE: Jun 30, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
Shareholders of Bermuda-based Aspen Insurance Holdings Ltd will ultimately decide whether Endurance Specialty Holdings Ltd’s hostile bid to take over their company will succeed — and on Friday both companies mailed out letters to them asking for thei...
DATE: Jun 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Construction firms are to get a tax break to help boost jobs and attract foreign investment.
Finance Minister Bob Richards said the scheme would be targeted at major projects like hotels.
“Direct foreign investment is going to be one of the critical ...
DATE: Jun 28, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Dear Dave,
You recommend that no more than 25 percent of your monthly income go toward a house payment. Does this figure include taxes and insurance too?
— Ryan
Dear Ryan,
Yes, it does. Your housing payment should not exceed 25 percent of your month...
DATE: Jun 28, 2014
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CATEGORY:
Personal Finance
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Law firm Wakefield Quin Ltd has announced lawyer Erik Gotfredsen has joined the firm’s corporate department.
Mr Godfredsen advises on a broad range of corporate, finance and capital market transactions, stated the law firm, and has more than 14 years...
DATE: Jun 27, 2014
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CATEGORY:
Local Business
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