75941 results returned for search: "" category "Business"
A major systemic financial failure. Extreme weather patterns. A water supply crisis. Food shortages. Weapons of mass destruction. Stark income disparity. Cyber attacks. Those are just a few of the major risks to the global economy this year, accordin...
DATE: Jan 10, 2013
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CATEGORY:
Reinsurance
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AM Best has come out with its annual ranking of the world’s largest insurers.
The rating agency looked at the largest companies — ranking them both by assets and by premiums written and found different factors affecting both lists. None of the compan...
DATE: Jan 09, 2013
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CATEGORY:
Reinsurance
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The ratings outlook for commercial insurance lines will remain negative in 2013 due to depressed investment yields and sluggish economic growth.
This, according to New Jersey-based ratings firm AM Best, which issued its US 2013 outlook for personal a...
DATE: Jan 09, 2013
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CATEGORY:
Reinsurance
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A researcher at the Bermuda Monetary Authority (BMA) says the global financial crisis has hit Bermuda harder than the rest of the world.
Dr Marcelo Ramella is the deputy director of policy, research and risk at the BMA. He’s a CPA, has an MBA from t...
DATE: Jan 09, 2013
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CATEGORY:
Economy
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NEW YORK/WASHINGTON (Reuters) - American International Group, the insurer rescued by the US government in 2008 with a bailout that ultimately totalled $182 billion, drew angry condemnation yesterday after it said it may join a lawsuit against the gov...
DATE: Jan 09, 2013
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CATEGORY:
Reinsurance
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Bermuda’s Argo Group has launched a niche reinsurance company using outside investor money, joining a spate of reinsurers looking to directly access capital market money to boost their earnings in catastrophe coverage business.
The new sidecar, a Ber...
DATE: Jan 09, 2013
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CATEGORY:
Reinsurance
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The economy is expected to shrink further this year as the Island continues to suffer through what some are saying is really a depression.
Predicted further negative growth in 2013 means Bermuda is likely to endure a fifth year of recession.
Economis...
DATE: Jan 09, 2013
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CATEGORY:
Economy
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With CES in full swing in Las Vegas, there’s one technology in particular that’s caught my eye and it isn’t even new or cutting edge.
In fact, this smartphone technology was unveiled last year at CES 2012. But this time around, I personally hope cel...
DATE: Jan 09, 2013
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CATEGORY:
Technology
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Butterfield Bank traded 270 shares on the Bermuda Stock Exchange yesterday, to close at $1.27 with no change in share price.
Overall, the BSX closed at 1,093.92, trading 270 shares worth $342.90.
DATE: Jan 09, 2013
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CATEGORY:
Bermuda Stock Exchange
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Developer Carl Bazarian says it would cost some $1.5 million per key to build a five-star resort in Bermuda.
Therefore, the financial models would ultimately have to work before any developer breaks ground on a new resort here.
The $1.5 million a ke...
DATE: Jan 08, 2013
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CATEGORY:
Local Business
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