76395 results returned for search: "" category "Business"
Shares of Bermuda reinsurer Platinum Underwriters Holdings Ltd climbed nearly four percent in New York trading on Thursday after the company reported first-quarter net income of $63.7 million.
Platinum shares were up $2.35, or 3.9 percent, to close a...
DATE: Apr 17, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Aspen Insurance Holdings Ltd has adopted a so-called poison pill to discourage attempts from fellow Bermuda re/insurer Endurance to stage a hostile takeover of the company.
The plan, which will be in place for one year, will give shareholders rights ...
DATE: Apr 17, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda re/insurer Argo Group International Holdings Ltd has hired Kurt Elia as senior vice-president and chief human resources officer.
Previously, Mr Elia led the global human resources function at another Bermuda re/insurer, Endurance Specialty, a...
DATE: Apr 16, 2014
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CATEGORY:
Reinsurance
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The Bermuda Stock Exchange closed up 3.03 at 1,416.87 on trading yesterday.
The Bank of NT Butterfield saw 124,500 shares trade at 1.99, which is unchanged from its previous trade.
However, Ascendant Group Limited was up 0.35 at 8.00 when 100 shares...
DATE: Apr 16, 2014
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CATEGORY:
Bermuda Stock Exchange
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Allied World Assurance Company Holdings, AG is expanding its North American insurance operations with the opening of a branch office in Toronto, Canada.
Gord Kerr has been appointed senior vice-president, chief agent and branch manager for the region...
DATE: Apr 16, 2014
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CATEGORY:
Reinsurance
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AUSTIN, Texas (Best’s News Service) — The Texas Department of Insurance has issued its first three licences to captive insurers — one that formed in the state and two that redomesticated from outside Texas — since the state became a captive domicile ...
DATE: Apr 16, 2014
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CATEGORY:
Reinsurance
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Global reinsurance capital grew by seven percent last year to reach $540 billion by the end of 2013, according to global reinsurance broker Aon Benfield.
The figure, quoted in the Aon Benfield Aggregate (ABA) report, includes both traditional and alt...
DATE: Apr 16, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Pete Cangany has been promoted to Ernst & Young Ltd’s senior partner in Bermuda, replacing Gil Tucker who will move into the role of chairman.
The leadership changes will take effect on July 1.
Since January 2013, Mr Cangany has served as insurance ...
DATE: Apr 16, 2014
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CATEGORY:
International Business
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US investment advisory company FRMO Corporation has bought a 37.5 percent stake in the Bermuda Stock Exchange.
The Elmsford, New York-based company becomes the biggest shareholder in the BSX and its chairman Murray Stahl will be joining the BSX board...
DATE: Apr 16, 2014
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Jonathan Kent
In a breaking news alert, The Insurance Insider are reporting that Willis Singapore brokered a $100 million passenger liability cover that will respond to the loss of the South Korean ferry that sank earlier today with more than 450 passengers on boa...
DATE: Apr 16, 2014
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CATEGORY:
Other
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