75946 results returned for search: "" category "Business"
The re/insurance industry’s outsourcing of catastrophe risk modelling is a “dangerous phenomenon” that introduces an unacceptable level of volatility in insurance markets, the CEO of Validus Re warned.
Speaking at a Guy Carpenter symposium in Baden-...
DATE: Oct 25, 2012
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CATEGORY:
International Business
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Bermuda-based PartnerRe has invested in a Stamford, Connecticut company — making its foray into title insurance industry.
The global reinsurance group invested $19 million in Entitle Direct Group, Inc, the parent company of the country’s leading dire...
DATE: Oct 25, 2012
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CATEGORY:
International Business
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The CV Cafe in St George’s is now serving breakfast and lunch.
Breakfast sandwiches, omelettes, sandwiches made to order and soups are on the menu.
“CV Cafe has now taken over the full operation of the cafe,” owner Michelle Wales said. “We are now of...
DATE: Oct 25, 2012
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CATEGORY:
Local Business
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Hiscox Ltd has appointed Richard Dixon as group head of catastrophe research, the insurer announced yesterday.
In this newly created position, Mr Dixon reports to Rob Caton, head of catastrophe modelling. Previously, Mr Dixon was assistant vice presi...
DATE: Oct 25, 2012
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CATEGORY:
Reinsurance
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Bermuda-based Aspen Insurance reported a net income after tax of $115.1 million for the third quarter, citing low catastrophe levels.
This is compared to a net income of $21.2 million for the same period in 2011.
The company, which provides reinsuran...
DATE: Oct 25, 2012
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CATEGORY:
Reinsurance
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Five staff have been let go as XL Insurance Bermuda reorganises its claims department.
XL said yesterday the reorganisation was due to a new system implementation and a decline in business claims.
“It is standard for global organisations like XL, whi...
DATE: Oct 25, 2012
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CATEGORY:
Local Business
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Everest Re Group saw its third quarter profits soar more than 297 percent amid low catastrophe activity — easily beating analysts’ expectations.
The Bermuda reinsurer reported net income of $250.9 million, or $4.82 per share, compared to $63.1 milli...
DATE: Oct 25, 2012
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CATEGORY:
International Business
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It’s colourful. It’s bright. It’s a special place just for girls. Inner Beauty Kids Spa has opened its doors this week catering to the pretty lady set.
Kim and Tony Roberts, owners of Kalm Innovations, a hair salon on Court Street, decided to take th...
DATE: Oct 25, 2012
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CATEGORY:
Local Business
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Ten Bermudians have lost their jobs as one business restructures a department and another suffers from the economic downturn.
Five staff are to lose their jobs as XL Insurance Bermuda reorganises its claims department and Island Glass has laid off fi...
DATE: Oct 24, 2012
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CATEGORY:
Local Business
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Willis Group Holdings Plc reported organic growth in the third quarter of 2012, but a lower quarterly profit with overall commissions and fees falling.
The broker’s net income for the third quarter fell to $26 million, or 15 cents per share, from $6...
DATE: Oct 24, 2012
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CATEGORY:
Reinsurance
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