76324 results returned for search: "" category "Business"
Premier Paula Cox yesterday hailed comments to The Royal Gazette by Fitch Ratings senior director of insurance Brian Schneider.
“The naysayers often point to other jurisdictions and undermine Bermuda at every turn, but, when independent experts like...
DATE: Sep 12, 2012
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CATEGORY:
Reinsurance
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The growth of alternative sources of capital — such as catastrophe bonds — in the reinsurance market can be complementary to traditional reinsurers, rather than being regarded as a threat.
That is the view of Stephen Young, chief underwriting officer...
DATE: Sep 12, 2012
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CATEGORY:
Reinsurance
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The Bermuda insurance market remains strong, despite the departure of a number of holding companies and C-suite staff from the Island in recent years, says XL Re CEO Jamie Veghte.
Global business insurer XL Group is now based in Ireland, having moved...
DATE: Sep 12, 2012
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CATEGORY:
Reinsurance
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MONACO (Reuters) - Reinsurers, largely spared by the credit crunch and euro zone crisis, will be pondering why their good fortune has not been rewarded by the stock market as they hold their annual get-together this week in the Mediterranean resort o...
DATE: Sep 11, 2012
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CATEGORY:
International Business
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A new study by CareerBuilder finds the number of workers encountering bullies at the office is on the rise.
Thirty-five percent of workers said they have felt bullied at work, up from 27 percent last year.
Sixteen percent of these workers reported th...
DATE: Sep 11, 2012
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CATEGORY:
Bermuda Works
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The Department of Tourism says it was “instrumental” in a cover story on scuba diving in Bermuda in the August issue of Sport Diver Magazine — despite what the magazine's editor told The Royal Gazette.
Tourism Minister Wayne Furbert said the Departme...
DATE: Sep 11, 2012
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CATEGORY:
Local Business
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Bermuda provides a stronger regulatory environment for insurers than the Cayman Islands and is likely to benefit from its quest for Solvency II equivalence.
That is the view of Fitch Ratings senior director of insurance, Brian Schneider, who suggeste...
DATE: Sep 11, 2012
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CATEGORY:
Reinsurance
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Preparation. This past weekend everyone in Bermuda made preparations for a potential hurricane.
Fortunately the storm remained at Tropical Storm level and although we had fairly high winds and a lot of rain there was minimum damage to property and n...
DATE: Sep 11, 2012
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CATEGORY:
Bermuda Works
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Reinsurers were taken by surprise last year by a slew of catastrophes in the Asia-Pacific region that were outside the scope of the computer models they use to evaluate the risks they take on.
Now catastrophe modellers like AIR Worldwide, who create ...
DATE: Sep 11, 2012
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CATEGORY:
Reinsurance
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While Bermuda’s banks remain in good shape financially, they have sharply increased provisions for bad debt as a result of Bermuda’s “poor economic fundamentals”, the Bermuda Monetary Authority said yesterday.
The Authority’s Banking Digest for the s...
DATE: Sep 11, 2012
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CATEGORY:
Economy
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