75985 results returned for search: "" category "Business"
Bermuda will not likely see a new wave of large brick-and-mortar insurance companies like it has following previous spikes in demand for new capacity, but rather an influx of smaller alternative capital arrangements, like sidecars and catastrophe bon...
DATE: Apr 20, 2012
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CATEGORY:
Reinsurance
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Mario Vitale, co-chief executive officer of Bermuda-based re/insurer Aspen, said insurers are facing a “new world order” in terms of catastrophe exposure.
The world is getting riskier, Mr Vitale told AM Best’s News Service at the Risk and Insurance ...
DATE: Apr 20, 2012
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CATEGORY:
Reinsurance
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Two reports released in as many weeks confirm what brokers and underwriters on the Island have sensed for a few months now: the property and casualty (P&C) insurance market is showing signs it’s beginning to harden.
Historically, the P&C insurance i...
DATE: Apr 20, 2012
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CATEGORY:
Reinsurance
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Deloitte Bermuda has announced three promotions into leadership roles, effective April 1 this year.
Nicole Valadao has been named director, Enterprise Risk Services (ERS), while both Anna Burns and Muhammad Khan take the title of principal, Audit Ser...
DATE: Apr 20, 2012
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CATEGORY:
Local Business
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Bank of Butterfield rose 2 cents, or 1.7 percent, on the Bermuda Stock Exchange yesterday, closing at $1.21 on a volume of 46,307 shares.
Butterfield Preference shares also traded. Some 225 of them changed hands, closing up $5 at $1,225.
KeyTech clos...
DATE: Apr 20, 2012
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CATEGORY:
Bermuda Stock Exchange
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The Bermuda Government yesterday confirmed what The Royal Gazette has been reporting for months now hundreds of people in Bermuda have lost their jobs.
Nearly 700 people in all lost their jobs in Bermuda last year, according to the Government, marki...
DATE: Apr 19, 2012
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CATEGORY:
Other
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Bermuda reinsurer Platinum Underwriters Holdings Ltd last night reported net income of $53.3 million for the first quarter despite being hit by almost $25 million in catastrophe losses.
It was a huge swing in the right direction for Platinum from a ...
DATE: Apr 19, 2012
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CATEGORY:
Reinsurance
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Department store Gibbons Company has made cut jobs, blaming Bermuda’s struggling retail sector.
A spokesman for Gibbons Company said yesterday three staff had been made redundant and nine long-serving employers had accepted retirement.
They are part...
DATE: Apr 19, 2012
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CATEGORY:
Local Business
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Some 20,000 Butterfield Bank shares traded hands yesterday on the Bermuda Stock Exchange. The shares closed unchanged at $1.19.
Butterfield was the only trade of the day on the BSX.
The BSX closed unchanged at 1,056.13.
The BSX Insurance Index closed...
DATE: Apr 19, 2012
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CATEGORY:
Bermuda Stock Exchange
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Supply chain risk and cyber liability are the two classes of business that could be the next successful lines for Bermuda’s insurers.
“These are definitely the two subjects that have come up most,” Paul Scope, CEO of JLT Park told The Royal Gazette a...
DATE: Apr 19, 2012
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CATEGORY:
Reinsurance
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