75988 results returned for search: "" category "Business"
Flagstone Reinsurance Holdings intends to sell its Lloyd’s and Islands Heritage units as part of a cost-cutting, restructuring plan.
The Luxembourg-based company, which was launched in Bermuda in 2005 after Hurricane Katrina, has been hit by larger t...
DATE: Oct 25, 2011
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CATEGORY:
Reinsurance
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Bermuda-based re/insurer Argo Group International Holdings Ltd expects its third-quarter results to be impacted by up to $40 million in catastrophe losses.
The estimate is net of reinsurance and reinstatement premiums and ranges from $35 million to $...
DATE: Oct 25, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) - XL Group shares hit a four-month high after Barclays Plc upgraded the company, citing increased rates and stabilising markets.
XL rose $1.21, or 5.6 percent, to $22.75 in New York Stock Exchange composite trading. Earlier, the...
DATE: Oct 25, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank traded 2,200 common shares on the Bermuda Stock Exchange (BSX) last week.
The bank opened and closed at $1.30. It also saw 17 preference shares change hands, but its share price held firm at $1,235.
Overall the Index rose 1.43 points...
DATE: Oct 25, 2011
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CATEGORY:
Bermuda Stock Exchange
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A new software product which enables companies to manage their shareholder registers will be on show at a presentation led by Greg Wojciechowski, CEO of the Bermuda Stock Exchange today.
The event, which will be held at the Fairmont Hamilton Princess...
DATE: Oct 25, 2011
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CATEGORY:
Other
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CellOne customers who use BlackBerrys will be given a credit in connection with the outage of the smart phone system on October 12.
Details of the credit will be explained on customers’ November invoice.
“CellOne would like to thank their customers f...
DATE: Oct 24, 2011
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CATEGORY:
Other
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Some of the pessimism surrounding the US economy may be overblown, according to Schroders chief economist Keith Wade.
Mr Wade feels that the latest economic indicators suggest the US, by far Bermuda’s biggest trading partner, is still on the recovery...
DATE: Oct 24, 2011
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CATEGORY:
Other
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A shift in tone, policy and behaviour by all members of the community is required in order to secure Bermuda’s future economic stability.
That is the view of think tank BermudaFirst, comprised of industry and Government leaders, who said that many of...
DATE: Oct 24, 2011
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CATEGORY:
Other
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NEW YORK (Bloomberg) Haverford (Bermuda) Ltd may raise the minimum price of its offer for a 25 percent stake in Omega Insurance Holdings Ltd (OIH), according to two people with knowledge of the talks.
Haverford has been in talks with Omega, the seco...
DATE: Oct 24, 2011
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CATEGORY:
Reinsurance
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Bermuda Commercial Bank Ltd was the biggest mover on The Bermuda Stock Exchange (BSX) last week, dropping 13.7 percent ($1.70).
The bank closed at $10.75 with 100 shares traded.
Argus Group Holdings Ltd also plummeted 12 percent (60 cents) to $4.40 a...
DATE: Oct 24, 2011
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CATEGORY:
Bermuda Stock Exchange
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