77146 results returned for search: "" category "Business"
The embattled construction industry says it’s looking forward to a less protectionist Bermuda under the new OBA Government.
New confidence in Bermuda could bring new investment and development, said Charles K Dunstan, Chamber of Commerce divisional c...
DATE: Dec 20, 2012
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CATEGORY:
Local Business
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Butterfield Bank traded 97,177 shares on the Bermuda Stock Exchange yesterday, closing at $1.27 with no change in share price.
Devonshire Industries and Argus Group both traded shares to close at $5 and $3.40, respectively
Overall, the BSX closed at ...
DATE: Dec 20, 2012
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CATEGORY:
Bermuda Stock Exchange
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New York-based property and casualty insurer Tower Group is adding more than $325 million of new 2013 premium to Lloyd’s of London.
The firm along with its strategic partner, Canopius, is launching a special purpose syndicate (SPS) at Lloyd’s with $...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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Allied World Assurance Company has bought a minority stake in Aeolus Capital Management in an effort to expand its financial services platform.
Allied World will also increase the amount of capital it deploys in the reinsurance and retrocession marke...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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Car sales helped boost the Island’s overall retail sales numbers in October but the bump is not indicative of a rebounding industry, say auto dealers.
According to the Retail Sales Index (RSI) report released yesterday, sales of goods and services e...
DATE: Dec 20, 2012
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CATEGORY:
Local Business
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PartnerRe Ltd yesterday announced that its preliminary net loss estimate related to superstorm Sandy is between $200 million and $240 million, pretax and net of retrocession and reinstatement premiums.
The Bermuda-based company estimates that the maj...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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Economics Advisory Committee co-chair Diane Newman added her voice to those in the business community recation to the OBA victory.
She said a “credible fiscal plan was the first step in restoring economic growth for the country”.
Ms Newman said: “Th...
DATE: Dec 20, 2012
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CATEGORY:
Local Business
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Bermuda-based re/insurer Maiden Holdings Ltd estimates its losses relating to Superstorm Sandy will range from $25 million to $35 million
The storm battered the Mid-Atlantic and Northeastern US at the end of October.
The estimate, which is based on a...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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US insurer Markel Corp’s proposed $3 billion acquisition of Bermuda-based Alterra will not see the specialty insurer moving to Bermuda, but rather Alterra re-domiciling to the US.
However, Markel intends to maintain a “very significant presence” on ...
DATE: Dec 20, 2012
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CATEGORY:
Reinsurance
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Bermuda-based Alterra Capital Holdings Ltd has agreed to merge with US specialty insurer Markel Corp in a deal worth more than $3 billion.
Alterra CEO Marty Becker, a veteran of the Bermuda insurance market, is expected to leave the combined company ...
DATE: Dec 19, 2012
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CATEGORY:
Reinsurance
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