76327 results returned for search: "" category "Business"
Investment manager Baillie Gifford has taken a ten percent stake in the Bermuda-based Montpelier Re’s newly-launched Blue Capital Global Reinsurance Fund.
The Scottish firm, based in Edinburgh, bought ten million shares worth $1 each in the fund whic...
DATE: Dec 13, 2012
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CATEGORY:
Reinsurance
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LONDON (Reuters) - European insurer Zurich is seeking to raise $225 million through the sale of a catastrophe bond to renew its cover for earthquake reinsurance in the United States and Canada.
The bond will be sold through Zurich’s Bermuda-based Lak...
DATE: Dec 13, 2012
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CATEGORY:
Reinsurance
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Facebook, Twitter, e-mails, blogs, YouTube, Linked-In and Skype - words that we are all familiar with as they permeate our day-to-day lives.
Although most social media started out as a recreational concept, its growth and impact is unprecedented in ...
DATE: Dec 13, 2012
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CATEGORY:
Other
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Argus Group traded 1,200 shares on the Bermuda Stock Exchange yesterday, closing at $3.15 with no change in share price.
Overall, the BSX closed at 1,062.21, trading 1,200 shares worth $3,780.
DATE: Dec 13, 2012
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CATEGORY:
Bermuda Stock Exchange
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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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