75985 results returned for search: "" category "Business"
AM Best has downgraded and withdrawn the credit ratings of Omega Specialty Insurance Company Limited (OSIL), a subsidiary of Bermuda-based Omega Insurance Holdings.
OSIL, which has stopped writing third-party business, saw its financial strength rati...
DATE: Apr 11, 2012
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CATEGORY:
Reinsurance
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Netscape founder Jim Clark’s $100 million superyacht Athena has been turning heads in St George’s.
The gleaming three-masted schooner is moored off Ordnance Island, arriving over the Easter holiday. She‘s on her way to the US East.
At over 295 feet, ...
DATE: Apr 11, 2012
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CATEGORY:
Other
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Bermuda re/insurer Axis Capital Holdings Ltd has spent $250 million buying back 2.46 million of its Series B preference shares through a tender offer.
The shares carried a 7.5 percent token and the company paid a purchase price of $102.81 per share.
...
DATE: Apr 11, 2012
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CATEGORY:
Reinsurance
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Financial brokerage firm LOM Group has announced the launch of a new online equities trading service.
According to the firm, the new platform, called Opus, has been two years in the making and allows the company’s international client base to view th...
DATE: Apr 11, 2012
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CATEGORY:
International Business
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Carlyle Group, which owns an 18-percent stake in Butterfield bank, plans to float on the US stock market.
The private-equity firm’s current owners, including the three founders, plan to keep their stakes when Carlyle holds its initial public offering...
DATE: Apr 11, 2012
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CATEGORY:
Other
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The sale of Ariel Re’s Bermuda-based insurance and reinsurance operations to Goldman Sachs has been completed.
Goldman Sachs and Ariel Holdings Ltd announced yesterday that the transaction had been pursuant to the acquisition agreement announced on M...
DATE: Apr 11, 2012
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CATEGORY:
Reinsurance
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Bermuda will not see Solvency II equivalence until late 2013 at the earliest.
That is what Bermuda Monetary Authority CEO Jeremy Cox told a packed audience at the Bermuda Insurance Institute’s (BII) spring luncheon yesterday, adding that the delay in...
DATE: Apr 11, 2012
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CATEGORY:
International Business
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Bermuda Press Holdings plunged $1.75 (15.9 percent) on the Bermuda Stock Exchange yesterday, with 218 shares trading to close at $9.25.
Overall, the BSX closed at 1019.42, down 2.05 points (0.2 percent) with 218 shares trading worth $2,003.
DATE: Apr 11, 2012
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CATEGORY:
Bermuda Stock Exchange
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Focus. For those of you who watched the Masters tournament on the weekend you witnessed a great example of focus and unique ability.
When you become very good at anything it is much easier to not only do what you are passionate about but you are abl...
DATE: Apr 10, 2012
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CATEGORY:
Bermuda Works
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Establishing a strong web presence for a new business can feel intimidating for some. Even driving traffic to an existing site and turning those visitors into customers can be daunting.
The Bermuda Economic Development Corporation (BEDC) with the su...
DATE: Apr 10, 2012
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CATEGORY:
Bermuda Works
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