76365 results returned for search: "" category "Business"
XL Group has formed a new Bermuda company with private equity firm Stone Point Capital, which will focus on insurance-linked securities and other reinsurance products.
The re/insurer said the new Bermuda-based company will act as an investment manage...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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Ace chairman and CEO Evan Greenberg said an influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage.
This as the re/insurer posted a record profit for the second quar...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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Aspen Insurance Holdings Limited posted a profit of $40.1 million for the quarter ending June 30.
The company’s second-quarter profit of $0.36 per share was down from $84.6 million or $1.03 per share in the same period last year.
Net-written premium...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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The White’s supermarket property in Warwick has sold.
Listed with Rego Sotheby’s International Realty, the former supermarket, which closed down last year, was put on the market at an asking price of $7.64 million.
The realtor confirmed the property...
DATE: Jul 25, 2013
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CATEGORY:
Local Business
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The board of directors of Aspen Insurance Holdings Limited has declared a quarterly cash dividend on Aspen’s ordinary shares of $0.18 per ordinary share. The dividend is payable on August 27, 2013 to the holders of record as of the close of trading o...
DATE: Jul 25, 2013
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CATEGORY:
Other
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Re/insurers employ some 1,600 mostly Bermudians here and directly contribute $816 million to our economy.
But their spending in Bermuda is dropping and employee headcount is slowly declining as jobs are shifted to other countries.
This from Associati...
DATE: Jul 25, 2013
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CATEGORY:
Local Business
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Earnings Season
Bermuda’s Everest Re Group posted a strong second-quarter profit of $275.6 million, compared to net income of $214.6 million in the same period last year.
Total revenue for the quarter was $1.35 billion, up 14.6 percent year over yea...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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A total of five employees at Ernst & Young — which recently rebranded to EY — have been notified that “they are being separated from the firm,” the company confirmed today.
According to a press release, an EY spokesperson said: “We can confirm that f...
DATE: Jul 25, 2013
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CATEGORY:
Other
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The press release added that she is an active leader in industry organisations, having served on several not-for-profit boards and as President of the International Association of Claim Professionals as well as the Association of Professional Insuran...
DATE: Jul 25, 2013
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CATEGORY:
Other
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Endurance Specialty Holdings Ltd confirmed this afternoon that two employees from their Bermuda office have been made redundant.
A spokesperson said: “I can confirm that we did make a number of positions redundant, not just in Bermuda but across our ...
DATE: Jul 25, 2013
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
