76384 results returned for search: "" category "Business"
The Bermuda Stock Exchange announced the admission of $25 million principal-at-risk variable rate notes yesterday, issued by a Tokio Millenium Re (TMR)-owned and Bermuda-incorporated reinsurer.
TMR retains a Bermuda office, although it completed its ...
DATE: Jan 22, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Business chiefs around the world are twice as confident about improvement in the global economy this year than in 2013, a major new survey released yesterday by professional services provider PwC revealed.
And 39 percent of those survey said they wer...
DATE: Jan 22, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
XL Group yesterday appointed industry veteran Rebecca Dupre to a top underwriting post.
Ms Dupre has become senior vice-president and underwriting manager for excess casualty.
Ms Dupre, who has notched up 25 years in the insurance industry, will look...
DATE: Jan 22, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The new Ford EcoSport mini SUV is quite intimidating, despite its small size — for a start, it’s hi-tech Microsoft-based SYNC system can speak 19 languages.
That’s 18 more than me, although some might say I still struggle a bit with English.
The new-...
DATE: Jan 22, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance firm Ace could be on the hook for up to $30 million related to the pre-Christmas hacking scandal at one of the America’s biggest retailers, according to US reports.
Business Insurance — quoting unnamed sources — said Ace, which is based in ...
DATE: Jan 21, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Royal Gazette/Bermuda Stock Exchange Index inched a fraction of a point higher, helped by an increase in the share price of BF&M Ltd.
The insurer rose nine cents, or 0.5 percent, to close the day’s trading on $16.60.
Butterfield Bank’s eight perc...
DATE: Jan 21, 2014
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CATEGORY:
Bermuda Stock Exchange
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A Bermuda-based company has invested more than $730 million in a luxury car dealers in booming China.
Jardine Strategic Holdings took a stake in Hong-Kong listed Zhongsheng Group Holdings chain of car dealerships in mainland China through an equity s...
DATE: Jan 21, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Major reinsurers may be facing credit rating downgrades after an industry watchdog warned the business had “nowhere to hide” from mounting competition.
The grim news — the worst outlook for eight years — came from ratings agency Standard & Poor’s (S&...
DATE: Jan 21, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Global banking giant HSBC is to sell off its $1.2 billion banking operation in Jordan.
HSBC Bank Middle East has struck a deal to sell its business in the Middle East state to the Arab Jordan Investment Bank.
The Jordanian business was made up of fou...
DATE: Jan 21, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Aon Benfield is hosting a thought leadership event at the Fairmont Hamilton Princess this week.
Some 80 participants from around the globe have travelled to Bermuda in order to participate in the two day conference.
It begins this morning and ends on...
DATE: Jan 21, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
