75985 results returned for search: "" category "Business"
Regulators are downplaying concerns that the implementation of Solvency II regulation could be delayed for a year, saying they are confident the new capital regime is still on schedule with a ‘soft launch’ planned for January 2013.
“The European Parl...
DATE: Mar 05, 2012
|
CATEGORY:
Reinsurance
|
When the stock market went off a cliff last summer, the big question was whether we were seeing the beginning of a long-term bear market, or just a pause in the ‘sideways’ equities trend of the last decade.
A long-term bear would be a new phenomenon...
DATE: Mar 03, 2012
|
CATEGORY:
Personal Finance
|
Butterfield Bank tumbled 9 cents (7.20 percent) on the Bermuda Stock Exchange yesterday, to close at $1.16 with 3,649 shares trading hands. Butterfield Preferred traded 70 shares to close at $1,235 with no change in share price.
Overall, the BSX clos...
DATE: Mar 03, 2012
|
CATEGORY:
Bermuda Stock Exchange
|
Bermuda-based Hardy Underwriting took a £42.1 million loss in 2011, citing an “unprecedented series of extreme natural catastrophe events” last year.
This is compared to generating £10 million in profits in 2010.
“2010 and 2011 have been challenging...
DATE: Mar 02, 2012
|
CATEGORY:
Reinsurance
|
The Bermuda Insurance Management Association (BIMA) have voted in a new slate of officers, as outgoing president Thomas McMahon warned of a changing business and regulatory environment.
BIMA members heard state of the market speeches from key industr...
DATE: Mar 02, 2012
|
CATEGORY:
Reinsurance
|
HSBC Bank Bermuda Ltd made net income of $152 million, the bank revealed yesterday.
Although that was down 38 percent from 2010, the underlying performance, which strips out the impact of parts of the business being sold off, showed a three percent i...
DATE: Mar 02, 2012
|
CATEGORY:
Other
|
No jobs will go as a result of the sale of Bermuda-based Ariel re/insurance operations to Goldman Sachs, The Royal Gazette can reveal.
As the two businesses are combined, it is expected that more jobs will be created, said the company.
Yesterday, Ar...
DATE: Mar 02, 2012
|
CATEGORY:
Reinsurance
|
Four former GenRe executives and one former executive from AIG will face trial next year on accusations they created a sham reinsurance transaction to boost AIG’s earnings.
This is the second time the executives have faced trial on federal fraud cha...
DATE: Mar 02, 2012
|
CATEGORY:
Reinsurance
|
Five years ago, the Supreme Court of Bermuda set up The Commercial Court. It has enhanced the island’s legal infrastructure and enabled Bermuda to become a leading offshore jurisdiction for the resolution of commercial disputes. The Royal Gazette ask...
DATE: Mar 02, 2012
|
CATEGORY:
Other
|
Butterfield Bank Preferred jumped $5.00 (.40 percent) on the Bermuda Stock Exchange yesterday to close at $1,235 with 20 shares trading. KeyTech traded 3,000 shares to close at $5.25, Argus traded 300 shares to close at $4.10, Butterfield Bank traded...
DATE: Mar 02, 2012
|
CATEGORY:
Bermuda Stock Exchange
|
