75927 results returned for search: "" category "Business"
The surge in growth of insurance-linked securities has helped position the Island’s stock exchange as a major player in the market, Bermuda Stock Exchange (BSX) CEO Greg Wojciechowski said yesterday.
Mr Wojciechowski added: “We have had a record numb...
DATE: Jan 02, 2014
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based RenaissanceRe is to replace another firm in a Standard & Poors top 400 index.
The company is to take over the spot held by Lender Processing Services (LPS) in the S&P MidCap 400 after LPS was taken over by existing MidCap 400 firm Fidel...
DATE: Jan 02, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
More than half of the money invested in catastrophe bonds could be wiped out by a single hurricane, according to catastrophe modelling experts AIR Worldwide.
Although such a storm is considered likely to happen only once in 10,000 years, the findings...
DATE: Jan 02, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
KeyTech and its employees raised more than $4,500 for two charities in the run-up to Christmas.
The company’s Social Committee donated $1,000 to the Salvation Army’s Secret Santa and $3,520 to Action on Alzheimer’s & Dementia.
Some of the funds were...
DATE: Jan 02, 2014
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CATEGORY:
Local Business
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The US has its own tax havens onshore — with South Dakota, dubbed the “Bermuda of the prairies”, holding more than $120 billion in trusts for wealthy Americans.
The state altered its tax laws to end the duration of a trust to the lifetime of a living...
DATE: Jan 02, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Butterfield Bank was the only company to trade on the Bermuda Stock Exchange on New Year’s Eve.
The BSX, which was closed yesterday for the New Year’s Day holiday, closed 2013 with The Royal Gazette/BSX Index at 1,201.05 — up about 15 percent from a ...
DATE: Jan 02, 2014
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CATEGORY:
Bermuda Stock Exchange
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The Bermuda Stock Exchange has not shaken off the holiday mood — with no trades today and an unchanged close at just over 1,201.
But the Bermuda Insurance Index reflected the New Year slump in reinsurance renewal rates, dropping 32.7 points to finish...
DATE: Jan 02, 2014
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CATEGORY:
Bermuda Stock Exchange
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Former Ace Global chief financial officer (CFO) Andrew Gibbs is joining the Bermuda Monetary Authority (BMA) as director, supervision (insurance).
For the past five years, Mr Gibbs was at Validus Holdings Ltd as executive vice-president, head of inte...
DATE: Jan 02, 2014
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CATEGORY:
Other
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Reinsurance rates are falling amid a glut of capital in the industry, according to reinsurance broker Guy Carpenter.
In its latest market report, Guy Carpenter said property-catastrophe reinsurance rates during January 1 renewals were down 11 percent...
DATE: Dec 31, 2013
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A new player in the health and fitness business yesterday opened its doors.
Horizon Health focuses on physical exercise but also provides lifestyle and nutrition counselling, as well as offering Reik, a Japanese technique for stress reduction and rel...
DATE: Dec 31, 2013
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
