75943 results returned for search: "" category "Business"
Allied World Assurance Company has bought a minority stake in Aeolus Capital Management in an effort to expand its financial services platform.
Allied World will also increase the amount of capital it deploys in the reinsurance and retrocession marke...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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Car sales helped boost the Island’s overall retail sales numbers in October but the bump is not indicative of a rebounding industry, say auto dealers.
According to the Retail Sales Index (RSI) report released yesterday, sales of goods and services e...
DATE: Dec 20, 2012
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CATEGORY:
Local Business
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PartnerRe Ltd yesterday announced that its preliminary net loss estimate related to superstorm Sandy is between $200 million and $240 million, pretax and net of retrocession and reinstatement premiums.
The Bermuda-based company estimates that the maj...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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Economics Advisory Committee co-chair Diane Newman added her voice to those in the business community recation to the OBA victory.
She said a “credible fiscal plan was the first step in restoring economic growth for the country”.
Ms Newman said: “Th...
DATE: Dec 20, 2012
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CATEGORY:
Local Business
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Bermuda-based re/insurer Maiden Holdings Ltd estimates its losses relating to Superstorm Sandy will range from $25 million to $35 million
The storm battered the Mid-Atlantic and Northeastern US at the end of October.
The estimate, which is based on a...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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US insurer Markel Corp’s proposed $3 billion acquisition of Bermuda-based Alterra will not see the specialty insurer moving to Bermuda, but rather Alterra re-domiciling to the US.
However, Markel intends to maintain a “very significant presence” on ...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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Bermuda-based Alterra Capital Holdings Ltd has agreed to merge with US specialty insurer Markel Corp in a deal worth more than $3 billion.
Alterra CEO Marty Becker, a veteran of the Bermuda insurance market, is expected to leave the combined company ...
DATE: Dec 19, 2012
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CATEGORY:
Reinsurance
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Talbot Underwriting Ltd, a subsidiary of Bermuda-based Validus, has announced the appointment of Thomas Schild as vice-president, political risk underwriter of Talbot Underwriting Services (US) Ltd.
Mr Schild has more than 18 years of international e...
DATE: Dec 19, 2012
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CATEGORY:
Reinsurance
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Bermudian insurance and reinsurance underwriter Catlin Group Ltd said yesterday it estimates its losses related to Superstorm Sandy at approximately $200 million.
Catlin said the loss estimate is net of reinsurance programme and reinstatements.
The...
DATE: Dec 19, 2012
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CATEGORY:
Reinsurance
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The Department of E-Commerce will be hosting the Christmas IT Networking Event on Thursday, December 20 from 12:00 p.m. to 2:00 p.m. on the fifth floor of Craig Appin House.
Anyone interested in studying IT or who is currently studying IT at univers...
DATE: Dec 19, 2012
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CATEGORY:
Technology
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