75946 results returned for search: "" category "Business"
S&P Ratings Services has affirmed Butterfield Bank’s counterparty credit rating of A-, citing strong capitalisation.
However, the ratings agency has a negative outlook on the bank’s ratings, because of the weakness in the Bermuda economy and the pote...
DATE: Oct 05, 2012
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CATEGORY:
Local Business
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Montpelier Re Holdings Ltd, a provider of reinsurance and other specialty lines, said it priced its offering of $300 million of senior notes due 2022.
The Bermuda-based company said the notes, which are due October 15, 2022, will have an interest rat...
DATE: Oct 05, 2012
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CATEGORY:
Reinsurance
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Bermuda’s Employee Assistance Programme (EAP) is celebrating 25 years this year helping the Island’s employees deal with a whole host of stresses and issues.
The group, led by executive director Doris DeCosta, has 210 member companies that account f...
DATE: Oct 05, 2012
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CATEGORY:
Local Business
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Bermuda-based insurer and reinsurer Axis Capital Holdings Ltd has recruited fromer PartnerRe executive Eric Gesick to take the new position of group chief actuary.
Mr Gesick, who joins the executive committee of Axis in this new role, will lead the ...
DATE: Oct 05, 2012
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CATEGORY:
Reinsurance
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Two Bermuda spas are named among the world’s best in this month’s issue of Travel + Leisure magazine.
La Serena Spa at The Reefs and Willow Stream at the Fairmont Southampton have been recognised by the magazine on the “World’s Best Spas” lists for ...
DATE: Oct 05, 2012
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CATEGORY:
Local Business
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The Libor rate manipulation scandal was among the topics covered at Sedgwick’s annual seminar for the Bermuda insurance industry.
The Tenth Annual Hot Topics Seminar was held this week at the Bermuda Underwater Exploration Institute and attended by s...
DATE: Oct 05, 2012
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CATEGORY:
International Business
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Ratings firm AM Best has affirmed the financial strength rating of A (excellent) and issuer credit ratings of “a” of XL Group’s property/casualty subsidiaries.
AM Best has also affirmed the ICRs of “bbb” of XL and XLIT Ltd. (Cayman Islands) as well a...
DATE: Oct 05, 2012
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CATEGORY:
Reinsurance
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Home furnishings and accessories consignment store Orange Bay Company has made its annual donation to charity — this time to The Reading Clinic.
The company, which also sells designer vintage clothing, donated $2,000 to the charity in support of its ...
DATE: Oct 05, 2012
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CATEGORY:
Local Business
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Despite a booming cruise passenger market, at least one of Dockyard’s bus boat tour companies has gone under, and the other is out of service.
Businessman Nelson Hunt’s bus boat, or amphibious touring vehicle, was this week advertised for sealed-bid ...
DATE: Oct 05, 2012
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CATEGORY:
Local Business
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Flagstone Re shareholders are being notified of an upcoming extraordinary general meeting to vote on the proposed merger with Validus Re.
Flagstone announced that shareholders of record as of the close of business today, will be notified of and enti...
DATE: Oct 05, 2012
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CATEGORY:
Reinsurance
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