77143 results returned for search: "" category "Business"
A US district court judgement in an early case to test US Federal excise tax on insurance (FET) has been hailed in Bermuda as a “common sense decision”.
While the US District Court judge found that the excise tax law did not apply to retrocessions o...
DATE: Feb 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
The Bermuda Stock Exchange saw no activity and closed the day at an unchanged 1,308.16.
DATE: Feb 19, 2014
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CATEGORY:
Bermuda Stock Exchange
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The Bermuda reinsurance industry has been criticised by a Florida state legislator who describes as “simply insane” plans for the state-run catastrophe fund to buy up to $1.5 billion in private reinsurance.
Representative Frank Artiles, a Miami Repub...
DATE: Feb 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A Bermuda-based fund that invests in reinsurance-related products earned a return of more than 20 percent for its shareholders in 2013.
CATCo Reinsurance Opportunities Fund Ltd said yesterday that its portfolio had benefited from lower catastrophe lo...
DATE: Feb 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Jonathan Kent
A new wave of micro cat bond listings looks likely for the Bermuda Stock Exchange (BSX) in 2014, with the Bermuda insurance-linked securities (ILS) market shaping up to be as busy as 2013 — a record year for the instruments with Bermuda garnering app...
DATE: Feb 19, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Rebecca Zuill
More than $100 million could be slashed from Government expenditure in Friday’s Budget, an economics expert said yesterday.
Consultant Peter Everson predicts that Finance Minister Bob Richards will aim for larger cuts than those proposed by the SAGE ...
DATE: Feb 19, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
BF&M Ltd was the only share to change value in Bermuda Stock Exchange trading today.
The insurer fell one cent, or 0.1 percent, to close the day on $16.65 as 2,700 shares traded.
Several other shares, including Butterfield Bank, Somers Ltd, Ascendant...
DATE: Feb 19, 2014
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CATEGORY:
Bermuda Stock Exchange
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Global assets under management will top the $100 trillion mark by 2020, according to a new report by professional services firm PwC.
And the industry will come out of the shadows of related businesses like banking and insurance and move to centre sta...
DATE: Feb 18, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
With plenty of clean fresh air and stunning scenery, Bermuda could very well be one of the best places in the world to commute to and from work on a pedal bike.
That ideal is somewhat tempered by the hills, heat and humidity, the last two especially ...
DATE: Feb 18, 2014
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
The Institute of Risk Management (IRM) Bermuda Group has announced two upcoming events for risk professionals.
“The first is an interactive two hour educational session on Own Risk and Solvency Assessment (ORSA) and the impact on Bermuda insurers, sa...
DATE: Feb 18, 2014
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CATEGORY:
Reinsurance
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