77143 results returned for search: "" category "Business"
Arch Capital Group’s third-quarter profit fell 41 percent to $109.3 million. The Bermuda re/insurer reported that net written premiums for the quarter grew 11.1 percent over those of the third quarter of 2012 to $839.1 million.
Total revenues grossed...
DATE: Oct 30, 2013
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Other
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There is an underwriting philosophy behind Validus Holdings’ ‘benign’ quarter for catastrophe losses.
During the third quarter the Bermuda re/insurer did not incur any notable losses.
That boosted third quarter underwriting profits by 16.5 percent to...
DATE: Oct 30, 2013
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CATEGORY:
Other
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Bermuda-based fund administrator, Opus Fund Services has launched a new service for compliance with the Foreign Account Tax Compliance Act (FATCA).
The service will be delivered by the FATCA Service Bureau, a joint service from Markit and Complianc...
DATE: Oct 30, 2013
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CATEGORY:
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Only KeyTech shares traded on the Bermuda Stock Exchange yesterday.
KeyTech ended the day unchanged at $5.20 as 1,900 shares changed hands.
Overall the BSX ended the day unchanged again at 1,157.38
DATE: Oct 30, 2013
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CATEGORY:
Bermuda Stock Exchange
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ACE Bermuda has launched a new CODA (corporate officers & director’s assurance) premier directors and officers liability policy, addressing SOX and Dodd-Frank-incurred expenses, defence costs advancement and UK Corporate Manslaughter and Corporate Ho...
DATE: Oct 30, 2013
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CATEGORY:
International Business
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Butterfield Bank saw its third-quarter profit rise 15 percent to $21.6 million from $18.8 million a year earlier as the company reduced staff and cut costs.
The bank said provisions for credit losses in the Bermuda operation were $2.2 million, up $0....
DATE: Oct 30, 2013
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CATEGORY:
Other
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Bermuda’s Apex Fund Services has become the first independent fund administrator to enter the Japanese market.
This after the opening of its Tokyo office.
With 34 international offices now, Apex said it will roll out and make available its entire ra...
DATE: Oct 29, 2013
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CATEGORY:
Other
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PartnerRe has launched a free app for iPads that makes it possible for insurers to compare historical footprints of over 1,144 windstorms across the North Atlantic Basin and Europe.
The PartnerResearch App gives the industry access to detailed meteor...
DATE: Oct 29, 2013
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CATEGORY:
Other
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More than 50 small businesspeople have benefited from a special seminar aimed at helping them improve their bottom line.
Vendors were told the most efficient way to import goods, the use of technology to increase sales and smart use of social media t...
DATE: Oct 29, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance firm Montpelier Re yesterday said it had a “strong” third quarter — and that all arms of the business contributed to its profits.
The results left the firm with a total shareholder equity of more than $1,695 million and total capital in e...
DATE: Oct 29, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
