77145 results returned for search: "" category "Business"
Bermuda National, parent company of Bermuda Commercial Bank, has announced a bonus warrants issue, which it says will provide it with “a flexible funding structure”.
The financial services investment holding company said Friday that it proposes to ma...
DATE: Feb 11, 2013
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CATEGORY:
Local Business
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Bermuda-based insurer Catlin said profit fell short of analysts' forecasts because of a bigger than expected claims bill from Superstorm Sandy and the Costa Concordia shipwreck.
Catlin, operator of the biggest syndicate at Lloyd's of London, made a p...
DATE: Feb 11, 2013
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CATEGORY:
Reinsurance
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Property and casualty underwriter Ace Group has started underwriting energy risks through its Lloyd’s of London Syndicate 2488.
The company says the initiative is part of an effort to expand its global portfolio and represents is commitment to boost...
DATE: Feb 11, 2013
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CATEGORY:
Reinsurance
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Bermuda re/insurer Arch Capital Group is buying bankrupt insurer PMI’s assets in $300 million deal to enter the US mortgage guaranty business as the housing market rebounds.
Arch said in a statement Friday it was acquiring CMG Mortgage Insurance from...
DATE: Feb 11, 2013
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CATEGORY:
Reinsurance
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The new Regulatory Authority (RA) for Telecoms will have what it considers a “thorny” issue to deal with as it rolls out long-awaited reform of the sector this year.
Reform is intended to open up the sector and allow providers to finally hold Integra...
DATE: Feb 11, 2013
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CATEGORY:
Local Business
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Shares of Bank of Butterfield traded yesterday on the Bermuda Stock Exchange but ended the day unchanged.
No other stocks traded. Overall, the BSX ended the day unchanged to close at 1,093.19.
DATE: Feb 09, 2013
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CATEGORY:
Bermuda Stock Exchange
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The Island’s telecoms providers will face a new fee structure under regulatory reform of the $210 million-revenue industry.
Some providers, including Digicel and CellOne, will pay more in fees, while others like TBi and Link Bermuda, will pay less.
B...
DATE: Feb 08, 2013
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CATEGORY:
Local Business
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XL Group swung to a fourth-quarter profit on higher premiums earned, in part due to Hurricane Sandy, and lower expenses.
The company posted a profit of $81.4 million, or 27 cents a share, compared with a loss of $515.5 million, or $1.62 share, a year...
DATE: Feb 08, 2013
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CATEGORY:
Reinsurance
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Bermuda reinsurer Validus Holdings Ltd will pay its shareholders a $2 per share special dividend at the end of this month.
The company’s board of directors also decided to raise Validus’ regular quarterly dividend by 20 percent to 30 cents per share....
DATE: Feb 08, 2013
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CATEGORY:
Reinsurance
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@$:Bermuda-based Montpelier Re felt the wrath of Superstorm Sandy, reporting a loss of $27 million for the fourth quarter of 2012, but the reinsurer swung to an annual profit.
Though the company’s fourth-quarter operating loss of 31 cents per share f...
DATE: Feb 08, 2013
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CATEGORY:
Reinsurance
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