75988 results returned for search: "" category "Business"
A US judge has dismissed claims brought against PricewaterhouseCoopers Bermuda (PwC Bermuda) and others by foreign investors who had invested in funds that in turn had invested with convicted fraudster Bernard Madoff.
The case was thrown out by Judge...
DATE: Dec 01, 2011
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CATEGORY:
International Business
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American International Group Inc’s property-casualty unit Chartis is issuing $575 million worth of catastrophe bonds to increase its protection against natural disaster claims.
In January this year, Chartis listed a $450 million catastrophe bond thro...
DATE: Dec 01, 2011
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CATEGORY:
Reinsurance
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A group of Florida lawmakers have written to an influential Congressional tax-setting committee to oppose a bill that would increase US taxes on some Bermudian reinsurers.
The group of nine Representatives from the Sunshine State, all Republicans, sa...
DATE: Nov 30, 2011
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CATEGORY:
Reinsurance
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The tens of billions of dollars reinsurers have paid out in claims this year have barely diminished the industry’s capacity, according to a leading broker.
David Flandro, global head of business intelligence for reinsurance broker Guy Carpenter & Co,...
DATE: Nov 30, 2011
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CATEGORY:
Reinsurance
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Mark Byrne’s investment vehicle Haverford Bermuda Ltd may lower its bid for a 25 percent stake in Bermuda-based re/insurer Omega, Omega said yesterday. The offer is due to expire at 1pm London time (9am Bermuda time) today.
“Haverford has communicate...
DATE: Nov 30, 2011
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CATEGORY:
Reinsurance
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Having a full-time job in the civil service, a toddler and a baby on the way didn’t dampen Katrina Ball’s entrepreneurial spirit.
The young mother decided to launch a small business in the little spare time she had.
Ms Ball’s soon-to-be-launched Berm...
DATE: Nov 30, 2011
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CATEGORY:
Local Business
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Greg Hendrick is to take over from Dave Duclos as chief executive of XL Group’s insurance operations from the start of next year, the company announced yesterday.
Mr Duclos, who has headed the insurance segment since 2008 is due to retire on December...
DATE: Nov 30, 2011
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CATEGORY:
Reinsurance
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Life insurance policyholders of the folded British-American Insurance Company (BAICO) will get back at least some of the money they are owed by Christmas.
The Official Receiver, Stephen Lowe, announced last night that creditors will be able to pick u...
DATE: Nov 30, 2011
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
West Hamilton Holdings and Butterfield Bank traded on the Bermuda Stock Exchange yesterday.
Butterfield Bank was unchanged closing at $1.20 as 74,150 shares were traded.
West Hamilton was also unchanged as 5,000 shares were exchanged ending at $6.
Ov...
DATE: Nov 30, 2011
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CATEGORY:
Bermuda Stock Exchange
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We’re going to finish off our review of Apple media devices by having a look at the latest and greatest iPod touch armed with the feisty iOS 5operating system.
The iPod touch is available as an entry level 8GB device and up to a 64GB for those that d...
DATE: Nov 30, 2011
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CATEGORY:
Technology
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