76342 results returned for search: "" category "Business"
PartnerRe Ltd has announced that it expects to record a charge of approximately $120 million in the fourth quarter for the Thailand floods of October and November 2011.
This is in line with the company’s previous announcement that its losses related ...
DATE: Jan 18, 2012
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CATEGORY:
Reinsurance
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XL Group plc has announced that its wholly-owned subsidiary XL Capital Finance (Europe) plc has repaid at maturity the $600 million principal amount of 6.5 percent guaranteed senior notes due this year.
DATE: Jan 18, 2012
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CATEGORY:
Reinsurance
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Bermuda is gaining from heightened regulation of hedge fund managers in Europe in the wake of the Madoff fraud case and global financial crisis.
A report by HedgeCo Networks cited Business Bermuda CEO Cheryl Packwood as saying Bermuda’s seen an incre...
DATE: Jan 18, 2012
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CATEGORY:
International Business
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GlobeNet has announced that it has started work on the replacement of part of its fibre-optic subsea cable which will provide more than 30 times the current capacity between Bermuda and the US when it is completed in the first quarter of next year.
T...
DATE: Jan 18, 2012
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CATEGORY:
Other
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There is no such thing as a job for life these days, but Cleo Davis has proved that there really could be 70 years ago.
The sprightly 89-year-old, who only retired five years ago, worked at The Spot Restaurant in Burnaby Street for 65 years during wh...
DATE: Jan 18, 2012
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CATEGORY:
Local Business
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Chartis has announced a new restructure that will divide the company into three main geographic regions.
Under the new framework the insurer will be split into the Americas, Asia and EMEA (Europe, Middle East and Africa) to improve the execution of i...
DATE: Jan 18, 2012
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CATEGORY:
Reinsurance
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Butterfield Bank traded 64,800 shares on The Bermuda Stock Exchange (BSX) yesterday.
But the bank’s share price remained unchanged at $1.15. It also saw 55 preference shares change hands but the share value held firm at $1,230.
Overall the Index open...
DATE: Jan 18, 2012
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CATEGORY:
Bermuda Stock Exchange
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Bermuda’s re/insurers overall have been able to weather the recent storm of heightened catastrophe losses and should be well-positioned to take advantage of improvements in the underwriting environment, according to a report released by Fitch Ratings...
DATE: Jan 18, 2012
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CATEGORY:
Reinsurance
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Wine and spirit distributor Gosling’s is set to install the largest commercial solar panel system in Bermuda to date.
Local company Alternative Energy Systems (AES) has been awarded the contract to engineer, design, supply and install a 570-panel pho...
DATE: Jan 18, 2012
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CATEGORY:
Local Business
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A Bermudian furniture family is looking to expand its online shopping business on the Island.
Dan Mayne, owner of the online home furnishing store, Much More Furniture, and the great nephew of Bill Mayne, of Mayne’s Furniture, is not only looking to ...
DATE: Jan 18, 2012
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CATEGORY:
Local Business
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