75985 results returned for search: "" category "Business"
Major catastrophe losses shaved three percent from total worldwide reinsurer capital last year according to a new study just released.
The Aon Benfield Aggregate report, which analyses the year-end financial position of the world’s leading reinsurer...
DATE: Apr 17, 2012
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CATEGORY:
Reinsurance
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Bermuda insurers’ profits were decimated last year by huge catastrophe losses, the latest figures from the Association of Bermuda Insurers and Reinsurers (ABIR) showed.
Data based on 21 of ABIR’s 22 member companies showed that their combined net inc...
DATE: Apr 17, 2012
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CATEGORY:
Reinsurance
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Summer or winter, one in five British workers (22.4 percent) never gets out for lunch during a normal working week, even if it’s just to grab a sandwich or coffee.
If they do get out, it’s not for long, over a quarter (25.9 percent) of workers spend...
DATE: Apr 17, 2012
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CATEGORY:
Bermuda Works
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St George’s speciality hat and clothing shop Lidz is closing down, citing struggling sales.
Owner Giovanna Harris said sales started off “great” but dropped off by the end of this past summer.
“It’s really slow in St George’s and we have just been af...
DATE: Apr 17, 2012
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CATEGORY:
Local Business
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Bermuda-based insurer Ironshore is bringing Lloyd’s political risk coverage to the US market.
The company announced yesterday that its subsidiary Ironshore Insurance Services LLC will offer political violence, war and stand-alone terrorism insurance...
DATE: Apr 17, 2012
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CATEGORY:
Reinsurance
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Share price gains for BF&M Ltd and Butterfield Bank pushed The Royal Gazette / Bermuda Stock Exchange (BSX) Index higher last week.
Insurer BF&M gained 50 cents, or 3.3 percent, on the trading of 5,000 shares, to close on $15.50.
Butterfield’s commo...
DATE: Apr 16, 2012
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CATEGORY:
Bermuda Stock Exchange
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Business Development Minister Wayne Furbert has welcomed the formation of PaCRe, formed by Bermuda reinsurer Validus Holdings in conjunction with American hedge fund manager John Paulson.
As reported by The Royal Gazette nearly two weeks ago, PaCRe w...
DATE: Apr 16, 2012
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CATEGORY:
Reinsurance
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Awarded to A&P Marine president Michael Araujo, the certification came after Mr Araujo visited the Grady-White manufacturing place in Greenville, North Carolina.
Mr Araujo learned aspects of the building, assembly and shipping processes of Grady-Whi...
DATE: Apr 16, 2012
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CATEGORY:
Local Business
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Financial ratings firm AM Best has removed Bermuda-based PartnerRe from under review with negative implications and assigned a negative outlook to the company’s financial strength rating A+ (Superior) and issuer credit ratings of “aa-” along with its...
DATE: Apr 16, 2012
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CATEGORY:
Reinsurance
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Bermuda is the largest captive domicile in the world and now, two of the Island’s largest insurance industry organisations are teaming up to host a first of its kind symposium for professionals in the captive insurance market.
The one-day Captive Ed...
DATE: Apr 16, 2012
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CATEGORY:
Reinsurance
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