76324 results returned for search: "" category "Business"
There’s further evidence of why reinsurance and insurance linked securities (ILS) are such a popular investment strategy right now.
CATCo Investment Management, a Bermuda-based reinsurance-linked investment business who manages about $2 billion of r...
DATE: Sep 24, 2012
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CATEGORY:
Reinsurance
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Ascendant Group Limited, the parent company of Bermuda Electric Light Company (BELCO), Bermuda Gas and the newly formed AG Holdings, has announced new management changes.
Walter Higgins, Ascendant Group president and CEO, who now also becomes BELCO ...
DATE: Sep 24, 2012
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CATEGORY:
Local Business
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For the first time since the recession, there’s potential for rising US property values to boost consumer spending and give the economy a nudge.
Housing’s so-called wealth effect has been a drag on household purchases since 2008.
A projected 2 perce...
DATE: Sep 22, 2012
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CATEGORY:
Personal Finance
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Butterfield Bank shares fell a cent on the Bermuda Stock Exchange yesterday.
The bank’s shares closed at $1.22 on a volume of 22,777 traded.
Bermuda Commercial Bank shares rose 50 cents, or 4.3 percent to $12.00 as 1,900 shares changed hands.
BF&M sh...
DATE: Sep 22, 2012
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CATEGORY:
Bermuda Stock Exchange
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WASHINGTON (Reuters) — Microsoft Corp and Hewlett-Packard Co have pushed back against claims by a US Senate panel that they used offshore units and loopholes to shield billions of dollars in profits from US taxes.
Calling tax avoidance rampant in the...
DATE: Sep 21, 2012
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CATEGORY:
International Business
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There’s something fascinating about a Fidelity Investments — a privately held, family business with $3.5 trillion in assets under administration as of January 2012.
Founded in 1946, it’s now the second-largest US mutual fund company and one of the w...
DATE: Sep 21, 2012
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CATEGORY:
International Business
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XL Group yesterday announced the opening of a new insurance office in Lyon, along with the appointments of Auberi Etienne and Clotilde Bartok.
Mr Etienne has been appointed as senior casualty underwriter and Mrs Bartok joins as property underwriter. ...
DATE: Sep 21, 2012
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CATEGORY:
Reinsurance
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Argus Group fell five cents (1.42 percent) on the Bermuda Stock Exchange yesterday, trading 450 shares to close at $3.45
KeyTech traded 1,000 shares closing at $6 and Butterfield Preferred traded 15 shares closing at $1231, both with no change in sha...
DATE: Sep 21, 2012
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CATEGORY:
Bermuda Stock Exchange
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BF&M’s purchase of Cayman insurer Island Heritage helped push its profit for the first half of the year up by 7 percent to $12.2 million compared to $11.4 million in the six months to June 30, 2011, resulting in an annualised return on shareholders’ ...
DATE: Sep 21, 2012
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CATEGORY:
Local Business
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NEW YORK (Bloomberg) — Marsh & McLennan Cos., the second- largest insurance broker, promoted Daniel Glaser to chief executive officer, effective January 1, as the company expands in Latin America and Asia.
Glaser, 52, replaces Bermuda’s Brian Duperre...
DATE: Sep 21, 2012
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CATEGORY:
Reinsurance
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