75937 results returned for search: "" category "Business"
While Facebook may have more than a billion users and strong usage overall, a new study shows many of those members have or are planning to cut back time they spend on the social network.
A Pew Research study released yesterday finds 61 percent of u...
DATE: Feb 06, 2013
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CATEGORY:
Technology
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US insurer Markel Corp says it’s placed a “high value” on Bermuda-based Alterra, which it is buying for $3 billion in cash and stock to diversify into reinsurance.
Responding to concerns about staff cuts at the Alterra office in Bermuda, Markel senio...
DATE: Feb 06, 2013
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CATEGORY:
Reinsurance
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Asta, the Lloyd’s third party syndicate manager, has announced that Lloyd’s Franchise Board has granted “in principle” approval for Asta Managing Agency Ltd to establish and manage a new Lloyd’s syndicate 2357 backed by Bermuda-based Nephila Capital....
DATE: Feb 06, 2013
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CATEGORY:
Reinsurance
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Ascendant Group fell 25 cents (2.12 percent) on the Bermuda Stock Exchange yesterday, closing at $11.50 trading 2,500 shares.
Butterfield and KeyTech also traded shares, closing at $1.27 and $6, respectively, both with no change in share price.
Overa...
DATE: Feb 05, 2013
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CATEGORY:
Bermuda Stock Exchange
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A new year means a fresh new start for The Dining Room at Gibbs Hill Lighthouse in Southampton.
While the restaurant was closed in January due to refurbishments to the outside working structure of the lighthouse, owner Odilio Angeli took the opportun...
DATE: Feb 05, 2013
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CATEGORY:
Local Business
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The annual rate of inflation remained at 1.9 percent in December, unchanged from November, with the increase in health and personal care costs the biggest driver of the increase in the cost of living.
Year over year, the health and personal care sect...
DATE: Feb 05, 2013
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CATEGORY:
Economy
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How to find the right one that can work for you.
So it’s a new year which means that there are new opportunities for starting a business, right?
Some people would say that now is not the right time to start a business based on the current economic c...
DATE: Feb 05, 2013
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CATEGORY:
Bermuda Works
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AM Best Co has lowered the outlook on the ratings of the operating subsidiaries of Bermuda-based American Safety Insurance Holdings Ltd (ASI) to negative from stable.
The ratings agency said the change reflected “unfavourable underwriting results rep...
DATE: Feb 05, 2013
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CATEGORY:
Reinsurance
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Bermuda-based Axis Capital Holdings reported a net loss of $19 million the fourth quarter of 2012, largely on Superstorm Sandy claims, but managed to beat analysts’ estimates by a dollar.
While the company reported a loss of 16 cents per share for th...
DATE: Feb 05, 2013
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CATEGORY:
Reinsurance
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Bermuda’s Validus Holdings is buying up another reinsurer.
Validus said it’s acquiring closely held Bermuda-based Longhorn Re to help expand in crop coverage.
Jon Levenson, Validus executive vice-president, told The Royal Gazette yesterday: “Validus ...
DATE: Feb 05, 2013
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CATEGORY:
Reinsurance
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