76382 results returned for search: "" category "Business"
Catlin Group has founded a branch in Singapore.
It began operations on January 1, writing specialty lines of direct insurance in Singapore and reinsurance throughout the Asia-Pacific region.
The international specialty property/casualty insurer and r...
DATE: Jan 06, 2014
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CATEGORY:
Reinsurance
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A link-up between a US private-equity firm and a Bermuda-based reinsurance firm has been a marriage made in heaven, according to an industry watchdog.
American-based KKR & Co bought nearly a quarter of Nephila Capital, which has been based in Bermuda...
DATE: Jan 03, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The reinsurance sector slid into negative territory on 2014’s first day of equity market trading, a result of reports showing reinsurance rates for January renewals fell between 15 and 20 percent.
Bermuda reinsurers were the hardest hit with red ink ...
DATE: Jan 03, 2014
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CATEGORY:
Reinsurance
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Nearly $10 billion in insurance-linked securities (ILS) were listed on the Bermuda Stock Exchange (BSX) at the end of 2013.
The figure represents a new record — a more than 100 percent increase in listings, up to 77 from 38 last year — with the $9.7...
DATE: Jan 03, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Capital G Bank Ltd will be making a formal announcement about the outcome of potential partnership discussions “in the very near future”, a spokesman said yesterday.
At the beginning of December the privately held bank confirmed it was in discussion...
DATE: Jan 03, 2014
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CATEGORY:
Local Business
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AUTHOR:
Rebecca Zuill
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
