75943 results returned for search: "" category "Business"
Former XL CEO Brian O’Hara says he and his business partners are “on the goal line” as they seek the go-ahead from regulators to pursue a new product that has the potential to generate $1 billion in premiums for the Bermuda insurance market.
Speaking...
DATE: Dec 13, 2012
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CATEGORY:
Reinsurance
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Luxury retailer Nordstrom has just joined the growing list of American companies now shipping directly to Bermuda.
The Seattle-based department store, known for its shoes, only has stores in the US right now, but thanks to a partnership with global ...
DATE: Dec 13, 2012
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CATEGORY:
International Business
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Ratings firm AM Best has affirmed the financial strength rating of A++ (Superior) and issuer credit rating of “aa+” of Bermuda-based Tokio Millennium Re (TMR).
The outlook for both ratings is stable.
TMR is a wholly owned subsidiary of Tokio Marine ...
DATE: Dec 13, 2012
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CATEGORY:
Reinsurance
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Tower Group has announced its merger with Canopius Holdings Bermuda Ltd won’t be finalised until the first quarter of 2013.
Tower said that its preliminary proxy materials are still under review by the US Securities and Exchange Commission (SEC) and,...
DATE: Dec 13, 2012
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CATEGORY:
Reinsurance
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Analysts with investment bank Keefe, Bruyette & Woods (KBW) expect more of the same for the property and casualty insurance market next year, with a slow firming trend continuing.
Insurers are finding it very difficult to achieve double-digit returns...
DATE: Dec 13, 2012
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CATEGORY:
Reinsurance
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XL Group announced that its preliminary net loss estimate related to superstorm Sandy is $350 million, pretax and net of reinsurance and reinstatement premiums.
Approximately 60 percent of the XL’s estimated loss relates to their reinsurance segment...
DATE: Dec 13, 2012
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CATEGORY:
Reinsurance
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MJM Ltd has announced that the firm has become the designated Bermuda law firm within Globalaw, a global network of independent law firms.
Globalaw has more than 4,500 attorneys in over 108 law firms in 160 cities worldwide, providing clients of its ...
DATE: Dec 12, 2012
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CATEGORY:
Local Business
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A Bermudian captive expert is “bullish” on Bermuda’s financial future.
In a speech to Hamilton Rotarians yesterday, Cyril Whitter, president and CEO of captive consultancy Independent Management Ltd, said that while much was made of the Island’s econ...
DATE: Dec 12, 2012
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CATEGORY:
Reinsurance
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Three Bermudian business owners are behind a new proposal to build a large yacht marina east of Ordnance Island, St George’s.
St George’s Harbour Marina (SGHM) owners say they have the financing for the project and have held preliminary discussions w...
DATE: Dec 12, 2012
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CATEGORY:
Local Business
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Twitter has just launched new tools that adjust the colour, size and style of photos users upload via its mobile app for iPhone and Android.
The photo filters, developed in partnership with software maker Aviary, mimic the popular features that have...
DATE: Dec 12, 2012
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CATEGORY:
Technology
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