75920 results returned for search: "" category "Business"
Montpelier Re Holdings Ltd’s book value per share rose nearly six percent during the first quarter as the Bermuda reinsurer benefited from a lack of catastrophe activity.
The company posted operating earnings of $72 million, or $1.48 per share, crush...
DATE: May 01, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
The Bermuda Stock Exchange closed down 4.72 finishing yesterday’s trading at 1,419.24.
The only sector to trade was banking, and the Bank of NT Butterfield saw 101,050 shares change hands at 1.99, down 0.01 despite announcing a $23.2 million profit t...
DATE: May 01, 2014
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CATEGORY:
Bermuda Stock Exchange
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Robin Spencer-Arscott has been hailed as a “true ambassador for Bermuda” as he was named winner of the Bermuda Insurance Institute’s Lifetime Achievement Award.
Bermudian Mr Spencer-Arscott has been heavily involved in organising the Bermuda Receptio...
DATE: May 01, 2014
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CATEGORY:
Reinsurance
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Hamilton Insurance Group has appointed Keith Bernhard as head of internal audit.
In this newly-created position, Mr Bernhard is responsible for developing and executing a risk-based internal audit plan for Hamilton Insurance Group and its subsidiari...
DATE: May 01, 2014
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CATEGORY:
Reinsurance
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CellOne has launched its new ‘Travel Pass’ to help customers roaming rates for customers travelling to Canada, the UK and Ireland, as well as the US.
With the new pass, customers can subscribe to the $25 monthly plan for travel in any of the four loc...
DATE: May 01, 2014
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CATEGORY:
Local Business
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Supply of capital is exceeding demand in the reinsurance industry, according to RenaissanceRe Holdings Ltd CEO Kevin O’Donnell.
The Bermuda-based reinsurer last night reported first-quarter net income of $151 million last night and surpassed Wall Str...
DATE: Apr 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Axis Capital has reported a steep decline of more than 50 percent in first quarter net profits, with first-quarter 2014 results of $137 million compared with $303 million a year ago.
This translates to $1.24 per diluted common share, compared with $2...
DATE: Apr 30, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
Ace Group announced yesterday that James Wixtead has been appointed president of Ace Tempest Re Group, the Ace Group’s global reinsurance business, replacing Jacques Bonneau.
Mr Wixstead is currently division president of Ace Tempest Re USA.
As was p...
DATE: Apr 30, 2014
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CATEGORY:
Reinsurance
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Appleby has become the first offshore law firm licensed to provide offshore legal advice in mainland China where it has had a Shanghai base since 2012.
To date, the firm has been delivering fiduciary services only from Shanghai. The formal announce...
DATE: Apr 29, 2014
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CATEGORY:
International Business
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Butterfield Bank reported first-quarter net income of $23.2 million — up more than 74 percent from the same period last year.
Increasing business volumes and further cost cutting helped the bank to achieve the improvement from last year’s first-quart...
DATE: Apr 29, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
