75988 results returned for search: "" category "Business"
The barriers for Bermuda reinsurers doing business in the US are set to be lowered after regulators recommended a reduction of collateral requirements.
The National Association of Insurance Commissioners (NAIC) approved the change that will significa...
DATE: Nov 09, 2011
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CATEGORY:
Reinsurance
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Ascendant Group rose 5.8 percent on the Bermuda Stock Exchange (BSX) yesterday, as 5,000 of the utility company’s shares traded hands.
The shares closed up 75 cents, at $13.75.
Butterfield Bank Preference Shares also traded closing up $1.00, or 0.1 p...
DATE: Nov 09, 2011
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CATEGORY:
Bermuda Stock Exchange
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XL Insurance (Bermuda) Ltd has created a new department within its Professional Lines unit to handle unique, complex insurance risks.
The department, CSI-Complex Situational Insurance, will be led by former XLIB professional lines chief underwriting ...
DATE: Nov 09, 2011
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CATEGORY:
Reinsurance
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Bermuda still retains and may well be gaining some competitive advantage over its many of its rivals and is now effectively the world’s number one capital centre for wholesale capital for risks within the insurance industry.
That is according to Mich...
DATE: Nov 09, 2011
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CATEGORY:
Reinsurance
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Multiple phone users can now have one number for receiving all of their calls thanks to an innovative new service launched by North Rock Communications.
‘Follow Me’ provides the user with one virtual number that when called rings through to their wor...
DATE: Nov 09, 2011
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CATEGORY:
Technology
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Bermuda-based re/insurer Hiscox Ltd wrote less business in the first nine months of the year than in the same period of last year as it walked away from inadequately priced business.
Hiscox said gross premiums written were £1.17 billion during the fi...
DATE: Nov 09, 2011
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CATEGORY:
Reinsurance
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Government has no plans to scrap the 60/40 ownership rule altogether, and a main focus of the planned review would be relaxing the requirements for public companies in order to encourage more foreign investment in Bermuda.
And The Royal Gazette under...
DATE: Nov 08, 2011
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CATEGORY:
International Business
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Emirates Airlines said it has no plans to offer service to Bermuda.
Government had announced in the Throne Speech last week there’s a possibility the Dubai-based airline could fly to Bermuda. However, currently, Emirates schedules don’t even show any...
DATE: Nov 08, 2011
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CATEGORY:
Other
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As with all things Apple, their selection of portable media devices may be a bit overwhelming for the average buyer. This week we’ll take a look at the iPod shuffle.
So hold tight and don’t make any purchases until we’ve had a look at them all.
Let’...
DATE: Nov 08, 2011
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CATEGORY:
Technology
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Among the panellists and speakers at sixth annual (Re) insurance Conference, sponsored by Standard & Poor’s Ratings Services and PwC, will be Validus Holdings chairman and CEO Ed Noonan, Alterra Capital CEO Marty Becker, Axis Capital chairman Michael...
DATE: Nov 08, 2011
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CATEGORY:
Reinsurance
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