77145 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — Evan Greenberg, the chief executive officer of Ace Ltd, said the company is poised to benefit as the insurer and its rivals charge more to clients for commercial coverage.
“From what I see today, I am more bullish about the pri...
DATE: Jan 31, 2013
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CATEGORY:
Reinsurance
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The Bermuda Monetary Authority (BMA) will not apply Solvency II-type regulation to the Island’s captive insurers, the financial regulator stated definitively yesterday.
At its annual meeting, the BMA put to rest any question about how its pursuit of ...
DATE: Jan 30, 2013
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CATEGORY:
Reinsurance
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Bermuda was named as one of the world’s most romantic Islands by Travel & Leisure magazine.
In the travel publication’s February issue, Bermuda was named to the 28th spot out of 37 winners ahead of Sicily, Oaho and the Turks & Caicos.
“Off the coast ...
DATE: Jan 30, 2013
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CATEGORY:
Other
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The Argus Group announced three new appointments to its senior management team. Lynne Woolridge joins the company as head of International Life, Beverley Bentley-Webb has been appointed head of Human Resources and Alex Cabe takes on the role of inves...
DATE: Jan 30, 2013
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CATEGORY:
Local Business
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Two local resorts made US News & World Report’s 2013 ranking of best hotels in the Caribbean.
Rosewood Tucker’s Point and The Reefs Hotel & Club — were ranked number one and two, respectively for Bermuda.
The rankings named the top 30 in an exclusive...
DATE: Jan 30, 2013
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CATEGORY:
Other
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Bermuda-based Appleby, the world’s largest provider of offshore legal, fiduciary and administration services, for the second consecutive year won the “Caribbean Law Firm of the Year” and “Caribbean Trust Company of the Year” at the Citywealth Interna...
DATE: Jan 30, 2013
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CATEGORY:
Other
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Butterfield Preferred traded 68 shares on the Bermuda Stock Exchange yesterday, closing at $1230 with no change in share price.
Overall, the BSX closed at 1090.08 trading 68 US shares worth US$109,119.56.
DATE: Jan 30, 2013
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CATEGORY:
Bermuda Stock Exchange
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Global insurer Ace posted a 4.8 percent increase in net income for the fourth quarter, despite taking a near $400 million hit from Superstorm Sandy.
But the company’s shares plunged more than four percent in after-hours trading in New York last night...
DATE: Jan 30, 2013
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CATEGORY:
Reinsurance
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Oil Casualty Insurance, Ltd (OCIL) has announced the introduction of a new line of insurance.
Beginning in December, the company began writing all risk property insurance on a direct and facultative reinsurance basis for energy companies.
OCIL’s div...
DATE: Jan 30, 2013
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CATEGORY:
Reinsurance
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Bermuda’s Validus Re is suing the US Government for failing to refund some $435,380 in tax and interest payments.
The reinsurer, whose parent has a market cap of $3.3 billion, claims tax was wrongly assessed on reinsurance transactions conducted out...
DATE: Jan 30, 2013
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CATEGORY:
Reinsurance
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