76373 results returned for search: "" category "Business"
Bermuda-based Enstar Group, along with affiliates of Stone Point Capital of Connecticut, have completed their previously announced acquisition of Arden Reinsurance.
They acquired Arden Reinsurance in a transaction valued at nearly $79.6 million.
Aro...
DATE: Sep 10, 2013
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CATEGORY:
International Business
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Brit Group, a global specialty re/insurer, has announced that it is looking to expand its distribution network by opening a branch office in Bermuda.
The move is subject to final regulatory approval from the Bermuda Monetary Authority and Lloyd’s, s...
DATE: Sep 09, 2013
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CATEGORY:
International Business
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Bermuda reinsurance executives gathering for their annual get-together in Monte Carlo this weekend will be considering their response to increasingly popular alternative insurance-linked investments that are driving down prices in the industry.
Inves...
DATE: Sep 09, 2013
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CATEGORY:
Local Business
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The Bermuda Stock Exchange closed the week up 14.01, or 1.21 percent, at 1,155.30.
Butterfield Bank rose 1.5 percent to $1.39 as 21,100 of the shares traded.
Bermuda National closed unchanged at $12.10 as 3,088 shares changed hands.
West Hamilton was...
DATE: Sep 09, 2013
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CATEGORY:
Bermuda Stock Exchange
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Bermuda’s Montpelier Reinsurance has announced the launch of the Montpelier Risk Institute (MRI).
The partnership with research institutions will target new methods for quantifying risk.
The re/insurer said in a statement that the virtual risk instit...
DATE: Sep 09, 2013
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CATEGORY:
International Business
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Bermuda-based Lancashire Holdings has announced that its shareholders have voted through its proposal to acquire Cathedral Capital, a privately owned Lloyd’s insurer.
Lancashire’s investors last Thursday voted more than 99 percent in favour of its 26...
DATE: Sep 09, 2013
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CATEGORY:
International Business
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Digicel has introduced new home internet and mobile phone service bundles.
Calling it a first-of-a-kind offering in Bermuda, Digicel said a survey last year showed as many as 95 percent of the Island’s residents owned mobile phones.
Four new Digicel ...
DATE: Sep 09, 2013
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CATEGORY:
Local Business
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Argus Group Holdings advanced 0.65, or 18.1 percent, and closed at $4.25 yesterday as 10,000 shares changed hands.
LOM (Holdings) Ltd declined 0.15, or 6.1 percent, and closed at $2.30 as 21,704 shares changed hands.
KeyTech Ltd declined 0.10, or 1.6...
DATE: Sep 07, 2013
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CATEGORY:
Bermuda Stock Exchange
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The Ministry of Finance and the Cabinet Office announced today that the Government of Bermuda has written to the UK Foreign and Commonwealth Office (FCO) to request that the Multilateral Convention on Mutual Assistance in Tax Matters (Convention) inc...
DATE: Sep 07, 2013
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CATEGORY:
Other
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The total retail sales estimate in July 2013 rose four percent, or nearly $4 million over July 2012, according to the Retail Sales Index released by the Department of Statistics this morning.
The number is a high for the past year, with the exception...
DATE: Sep 07, 2013
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CATEGORY:
Other
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