76382 results returned for search: "" category "Business"
A US Securities and Exchange Commission (SEC) filing, dated January 3, states: “Arch Capital Group Ltd announced today that its newly-formed subsidiary, Arch Underwriters Ltd, has agreed in principle to act as reinsurance manager for a newly-formed m...
DATE: Jan 10, 2014
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CATEGORY:
Reinsurance
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A telecoms firm is to bring in a new hi-tech radio system for the Island’s emergency services, its new general manager Brian Gonsalves said yesterday.
East End Telecoms, which already supplies police, the fire service and ambulance with radio equipme...
DATE: Jan 10, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurers paid out $31 billion in catastrophe losses last year — 25 billion below the long-term average losses, the world’s biggest reinsurer revealed yesterday.
Munich Re — which has just launched a $63 billion sidecar listed on the Bermuda Stock Exc...
DATE: Jan 09, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance firm Validus has launched a $160 million joint venture called AlphaCat 2014.
The special purpose vehicle will be used to write collateralised reinsurance and retrocessional contracts for the new renewal season.
The pot is made up of $138 mi...
DATE: Jan 09, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
As new insurance-linked securities (ILS) come on line, others are maturing.
German giant Munich Re has added to the billions of dollars worth of ILS based and listed in Bermuda by launching a $63 million sidecar named Eden Re Ltd, according to the Ar...
DATE: Jan 09, 2014
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CATEGORY:
Reinsurance
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Hairdressing veteran Ginny Jessey has cut loose on her own.
The stylist will cut the ribbon on her first salon in her own name tomorrow after 20 years in the Bermuda hairdressing business.
Ms Jessey said: “You get to the point where you outgrow just ...
DATE: Jan 09, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The former chairman of the one-time biggest banking and financial services group in the world is to become chairman of a new Bermuda-based reinsurer, it was revealed yesterday.
Sandy Weill, who retired as chairman of US-based Citigroup in 2006, will ...
DATE: Jan 09, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bermuda Stock Exchange saw movement in the banking and insurance sectors, which ended with The Royal Gazette/Bermuda Stock Exchange Index declining by 13.08, closing at 1,190.21.
The share volume for the day was 21,009, valued at $126,371.41.
A t...
DATE: Jan 09, 2014
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CATEGORY:
Bermuda Stock Exchange
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The Capital G Bank Ltd (CGB) amalgamation agreement is expected to yield new jobs.
And the deal to take a controlling interest in CGB by the newly formed Clarien Group Ltd will leave former sole owner Edmund Gibbons Ltd with a 20 percent ownership st...
DATE: Jan 09, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Top fuel industry executive and Bermudian Keith Hollis, whose career included developing the eight mile Esso pipeline from St George’s to Belco’s Hamilton power plant, has died and his funeral is planned for today.
Stephen Turner, Exxon Corporation ...
DATE: Jan 08, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
