75946 results returned for search: "" category "Business"
Ace Ltd has announce it is acquiring Mexican personal lines insurer ABA Seguros from Ally Financial for approximately $865 million in cash.
Ally Financial, an American auto lender which is 74 percent owned by the US government, announced plans in Ma...
DATE: Oct 19, 2012
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CATEGORY:
Reinsurance
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A little more than one month out from the official end to the 2012 hurricane season and risk modellers are calling it one of the most active seasons in more than 150 years.
Through October 17, the 2012 Atlantic Hurricane Season has produced 17 named ...
DATE: Oct 18, 2012
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CATEGORY:
Reinsurance
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Ten thousand residents — or more than a quarter of the Bermuda workforce — are either unemployed or underemployed.
That is the stark finding of a survey published by the Department of Statistics yesterday, which reveals more about the impact of busin...
DATE: Oct 18, 2012
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CATEGORY:
Economy
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AUTHOR:
Jonathan Kent
Bermuda Press (Holdings) Ltd dropped 50 cents (5.55 percent) on the Bermuda Stock Exchange yesterday, trading 8,000 shares to close at $8.50.
KeyTech traded 10,000 shares to close at $6 with no change in share price.
Overall, the BSX closed at 1,063....
DATE: Oct 18, 2012
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CATEGORY:
Bermuda Stock Exchange
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HSBC Bermuda has filed three writs against the Tucker’s Point resort and Government.
But the bank said yesterday that the legal action was simply to “correct a technical defect” in corporate documentation.
HSBC was the lead lender to Tucker’s Point, ...
DATE: Oct 18, 2012
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CATEGORY:
Other
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Condominium ownership has become increasingly popular in Bermuda over the last 15 years in part because it requires a lower initial cash outlay and presents fewer responsibilities than for a traditional householder.
Generally, a condominium owner is ...
DATE: Oct 18, 2012
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CATEGORY:
Other
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Insurance broker Willis Group Holdings has announced long-time chairman and chief executive officer Joe Plumeri is stepping down from the world’s third-largest brokerage at the beginning of next year.
Dominic Casserley will serve as the group CEO wh...
DATE: Oct 18, 2012
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CATEGORY:
Reinsurance
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AS Cooper has announced they will be closing their Front Street Harbourside store in February, another victim of Bermuda’s struggling economy.
This news comes on the heels of a string of recent Hamilton closures, including veteran retailer All Wrappe...
DATE: Oct 18, 2012
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CATEGORY:
Local Business
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Bermuda has continued its winning streak by being named the best island in the Caribbean and Atlantic by Condé Nast Traveler magazine - the seventh consecutive year Bermuda has taken the top spot. In fact, Bermuda has been top ranked since 1995 - onl...
DATE: Oct 18, 2012
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CATEGORY:
Other
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Zurich Insurance Group, the largest Swiss insurer, said yesterday third-quarter operating profit will be hit by $550 million before taxes as the insurer strengthens claims provisions and writes off some deferred acquisitions costs.
The hit to the wor...
DATE: Oct 18, 2012
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CATEGORY:
Reinsurance
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