77140 results returned for search: "" category "Business"
Logic Communications Ltd said its core network remained operational throughout Hurricane Gonzalo with no loss of service for wired internet service customers. Although Logic’s internet service remains operational, service to customers is dependent on...
DATE: Oct 21, 2014
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CATEGORY:
Other
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Insurance losses will be less than Hurricane Fabian, the last significant storm to affect Bermuda, according to Fitch Ratings, reported in a Fitch Wire article on Monday.
Fitch expects limited industry insured losses from Hurricane Gonzalo as well as...
DATE: Oct 21, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
The reinsurance industry has been slow to respond to new risks because of its tendency to look to the past to predict the future, according to Brian Duperreault.
The Hamilton Insurance Group chief executive officer, speaking yesterday at the opening ...
DATE: Oct 20, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Only shares of Ascendant Group Ltd moved in a quiet week on the Bermuda Stock Exchange, which was shortened by the visit of Hurricane Gonzalo.
The BSX closed early on Thursday and completely on Friday as the storm bore down on the Island.
Ascendant, ...
DATE: Oct 20, 2014
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CATEGORY:
Bermuda Stock Exchange
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Hiscox Re has made two senior appointments of Bermuda-based staff members.
Bevis Tetlow has been appointed to a new role as chairman of North America and Caribbean, and Philip Vandoninck also to a new role of chairman of International.
Mr Tetlow joi...
DATE: Oct 20, 2014
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CATEGORY:
Reinsurance
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This is destined to be a record year for insurance-linked securities issuance — despite a relatively quiet third quarter, according to Willis Capital Markets and Advisory.
The global risk adviser, insurance and reinsurance broker, said only one ILS t...
DATE: Oct 20, 2014
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CATEGORY:
Reinsurance
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Insurers opened for business over the weekend as they dealt with a rush of claims after the direct hit from Hurricane Gonzalo.
Freisenbruch-Meyer, Argus, BF&M and Colonial were busy as hundreds of residents reported damage to their property.
A spokes...
DATE: Oct 20, 2014
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CATEGORY:
Other
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Damage from Hurricane Gonzalo could have been much worse — had the storm’s eye not passed directly over Bermuda and had Tropical Storm Fay not visited less than a week earlier.
That is the view of experts from catastrophe modelling firm AIR Worldwide...
DATE: Oct 20, 2014
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Those owing taxes that were due on October 15 will be given a deadline extension without penalty until the end of this week, The Office of the Tax Commissioner stated this morning.
“In consideration of the impact of Tropical Storm Fay and Hurricane G...
DATE: Oct 20, 2014
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CATEGORY:
Local Business
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It could be weeks or even months before the final cost of Hurricane Gonzalo is known as claims continue to come in, according to one of the Island’s insurance companies.
The Colonial Group opened for business on Saturday morning and since then has se...
DATE: Oct 20, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
