76384 results returned for search: "" category "Business"
A new reinsurer has launched operations in Bermuda.
Swan Re, owned by Swan Group Holdings, has set up shop in the Island — with the aim of offering high returns based on a low risk strategy.
And Swan Group said that shares are now being offered to in...
DATE: Feb 06, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
XL Group’s annual earnings topped $1 billion for 2013, up more than 60 percent from the previous year.
The global business insurer’s CEO Mike McGavick described it as “another year of solid progress”.
Net income for the year was $1.1 billion, or $3.6...
DATE: Feb 06, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Allied World Assurance Company yesterday announced profits of nearly $418 million for 2013 — down more than $75 million on the previous year.
The 2013 results earnings broke down to $11.95 per diluted share, compared to $13.30 per diluted share the y...
DATE: Feb 06, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermudian lawyer has taken over as legal adviser to the Island’s telecoms watchdog.
And Kyle Masters said the Regulatory Authority role offered a ringside seat at the technological revolution that is changing the future of communications.
Mr Master...
DATE: Feb 06, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Government is to look at paying out more than $800,000 to buy out digital TV firm WOW’s wavelengths, The Royal Gazette can reveal.
Telecoms watchdog the Regulatory Authority has recommended that the Department of Telecommunications buy back the firm’...
DATE: Feb 06, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance and insurance firm Axis Capital yesterday announced a 13 percent increase in gross premiums written last year.
The firm wrote $4.7 billion worth of business over the year, with increases coming from a $308 million hike (17 percent) in rei...
DATE: Feb 05, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda reinsurer RenaissanceRe Holdings Ltd’s full-year profit rose 17.6 percent, as fewer catastrophes reduced claims.
The catastrophe reinsurance specialist, which set up in Bermuda 21 years ago, last night reported net income of $665.7 million fo...
DATE: Feb 05, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
Some 13,369 shares valued at $51,765.95 traded on the Bermuda Stock Exchange, which closed up 42.92 at 1,298.73.
In the utilities sector, 3,069 shares of Ascendant Group Limited traded, which closed up 0.05 at 10.20. KeyTech Ltd saw a volume of 700 m...
DATE: Feb 05, 2014
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CATEGORY:
Bermuda Stock Exchange
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Law firm ASW has appointed Nathaniel Turner as a director.
Mr Turner — who has worked for the firm for ten years — took over the role at the start of the month.
He said: “ASW law is entering an exciting phase in its history. As a corporate and commer...
DATE: Feb 05, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance firm PartnerRe reported a drop in net income from $1.1 billion to $664 million, but increased operating income.
Figures for 2013 showed that operating earnings hit $721.7 million compared to nearly $664 million the year before.
And net pr...
DATE: Feb 05, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
