76389 results returned for search: "" category "Business"
Bermuda-based life reinsurer Wilton Re Holdings Ltd yesterday announced an agreement to acquire Conseco Life Insurance Company from CNO Financial Group for around $237 million.
It was the second deal announced by the company in the space of a month, ...
DATE: Mar 04, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda reinsurers could be in the hook for larger winter claims than normal coming from both sides of the Atlantic, after a string of storms hit the US and UK over the past few weeks.
PCS, a division of Verisk Analytics, has already calculated insur...
DATE: Mar 04, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Bermuda-based re/insurer Maiden Holdings Ltd has promoted Patrick Haveron to the role of president of Maiden Insurance Company Ltd.
Mr Haveron will have responsibility for the oversight, management and continued development of Maiden’s Bermuda reinsu...
DATE: Mar 04, 2014
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CATEGORY:
Reinsurance
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As local number portability was launched yesterday, CellOne sweetened the deal with a ‘$200 off’ promotion on some postpaid phone services.
Rival Digicel is promising mobile users “a smooth experience” when switching their numbers, by launching Digi...
DATE: Mar 04, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
Bermuda Commercial Bank Ltd, BCB Paragon Trust Ltd along with well-known cyclist Neil de ste Croix are among those being sued because of the alleged “brazen and extraordinary breach of their fiduciary and contractual obligations” which resulted in th...
DATE: Mar 03, 2014
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CATEGORY:
International Business
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AUTHOR:
Rebecca Zuill
Butterfield Bank had a spectacular week in Bermuda Stock Exchange trading, surging more than 17 percent.
The bank’s shares closed the week at $1.99, up 29 cents for the five days of trading, after it announced a special dividend and a tripling of ann...
DATE: Mar 03, 2014
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CATEGORY:
Bermuda Stock Exchange
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Clarien Group Ltd, announced that it has appointed Paul Finn to head Capital G Bank’s Wealth Management division.
Clarien said the appointment of the American in the role of executive vice-president, effective today, aligns with Clarien’s plans to e...
DATE: Mar 03, 2014
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CATEGORY:
Local Business
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A bid by Gibraltar to muscle in on the lucrative insurance-linked securities (ILS) market should “keep us on our game”.
And Greg Wojciechowski, an ILS Bermuda committee member, said: “I don’t know that it’s competition — but it should keep us on our ...
DATE: Mar 03, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
HSBC Bermuda’s net profit more than doubled to $45 million in 2013, as the company cut expenses and withstood significant allowances for bad loans.
The bank, part of the HSBC global empire, revealed its Bermuda unit’s results today and stressed that ...
DATE: Mar 03, 2014
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Bermuda reinsurer Argo Re plans to team up with insurance-linked securities (ILS) experts Horseshoe Re Ltd to expand its reinsurance product offerings.
Horseshoe Re is a member of Bermuda-based Horseshoe Group, a leader in innovative solutions for t...
DATE: Mar 03, 2014
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CATEGORY:
Reinsurance
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