76395 results returned for search: "" category "Business"
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
Today’s 21st century workforce is characterised by an ageing population, stress, mental health issues, and an increase in chronic disease. In fact, at least 80 percent of employees have one chronic condition, while 55 percent have more.
By now, mos...
DATE: Apr 29, 2014
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CATEGORY:
Other
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The price of a basket of groceries has risen by two percent in the last year, according to the latest statistics.
The inflation rate has risen from the 1.7 percent increase in good and services prices recorded in February, and will dent recent claims...
DATE: Apr 29, 2014
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CATEGORY:
Economy
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AUTHOR:
Gareth Finighan
The Royal Gazette/Bermuda Stock Exchange Index closed down 23.73 at 1,423.89.
Trading volume was light but evenly spread across the major sectors with 7,000 shares changing hands at a value of $32,990.00.
Some 5,000 shares on Bank of NT Butterfield L...
DATE: Apr 29, 2014
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CATEGORY:
Bermuda Stock Exchange
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PartnerRe Ltd comfortably exceeded Wall Street’s expectations as it reported net income of $295.7 million and its book value hit a record high.
The profit, which included net after-tax realised and unrealised gains on investments of $115.8 million, b...
DATE: Apr 29, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Shares of White Mountains Insurance Group fell slightly yesterday after the re/insurance group announced that net income slid 17 percent in the first quarter compared to the same period last year.
The Bermuda-based company, whose operations include i...
DATE: Apr 29, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
