77130 results returned for search: "" category "Business"
A $250 million payoff is on the table if the proposed $11 billion merger between Axis and PartnerRe fails to go ahead.
Each firm will be liable to pay a break fee to the other if the deal — which would create the fifth-biggest reinsurance company in ...
DATE: Feb 02, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Shares totalling $160,931.50 were traded on The Royal Gazette/BSX Index last week, however, the Index remained relatively flat with a 0.34 point increase (0.02 per cent) over the five days, to close at 1,364.08.
The only stock to advance was Bermuda ...
DATE: Feb 02, 2015
|
CATEGORY:
Bermuda Stock Exchange
|
Bermuda’s financial regulator registered 89 new insurance entities last year and saw strong growth in the life reinsurance sector.
The Bermuda Monetary Authority (BMA) said four new Class E insurers, each required to have total assets of more than $5...
DATE: Feb 02, 2015
|
CATEGORY:
Reinsurance
|
A total of 3,748 shares, worth $15,507, traded on The Royal Gazette/BSX.
Utilities group Ascendant, the parent of power firm Belco, was the biggest mover, with 2,400 shares changing hands.
The trade left Ascendant 15 cents (2.9 per cent) up at $5.40....
DATE: Feb 02, 2015
|
CATEGORY:
Bermuda Stock Exchange
|
Dear Dave,
I’ve been following your plan, and I’d like to find a way to make a little more money on the side. Do you have any ideas for generating some passive income?
Taiwan
Dear Taiwan,
First, I want to make sure you’re not getting involved with s...
DATE: Jan 31, 2015
|
CATEGORY:
Other
|
A Bermuda legal firm has been named in documents that contain allegations Russian oil tycoons are funding anti-fracking campaigns in the US.
Wakefield Quin, based in Hamilton’s Victoria Street, is the home of Bermuda-based Klein Ltd which paid millio...
DATE: Jan 30, 2015
|
CATEGORY:
International Business
|
AUTHOR:
Raymond Hainey, Assistant News Editor
The mega-merger between reinsurance firms Axis and PartnerRe has been given the thumbs up by a ratings agency.
Moody’s gave the deal a positive rating — and placed Axis’ rating on review for an upgrade.
Moody’s said: “The combination of the two platf...
DATE: Jan 30, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
A new health and fitness programme has been launched by Bermuda insurance company Argus.
It has teamed up with Johns Hopkins Medicine International in a bid to cut the cost of healthcare by tackling preventable problems like obesity, which can lead t...
DATE: Jan 30, 2015
|
CATEGORY:
Local Business
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based insurance and reinsurance firm Validus has reported profits of $481.3 million for last year — down from $532.7 million the year before.
Validus chairman and CEO Ed Noonan said: “During 2014, Validus delivered an impressive 13.2 per cent...
DATE: Jan 30, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda has launched a bid to land a multinational insurance and financial services firm from Barbados that is looking for a new home, The Royal Gazette can reveal.
The Caribbean firm Sagicor has signalled that it wants to relocate after ratings agen...
DATE: Jan 30, 2015
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
