76343 results returned for search: "" category "Business"
‘Tis the season for discounts in Bermuda this Christmas as retailers - encouraged by the huge success of Black Friday - roll out more sales and deeper discounts for holiday shoppers.
The Chamber of Commerce is next week sponsoring its second annual B...
DATE: Dec 01, 2011
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CATEGORY:
Local Business
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Ace Ltd yesterday announced today the completion of its acquisition of Penn Millers Holding Corporation (PMHC) for approximately $107 million in cash.
PMHC’s primary insurance subsidiary, Penn Millers Insurance Company, provides specialty property an...
DATE: Dec 01, 2011
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CATEGORY:
Reinsurance
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Hundreds of millions of dollars are at stake as Bermuda-based bond insurer Assured Guaranty Ltd fights legal battles on two fronts.
The UK unit of folded investment bank Lehman Brothers, which went bankrupt in September 2008, claims it’s owed more t...
DATE: Dec 01, 2011
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CATEGORY:
Reinsurance
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West Hamilton Holdings Ltd traded 6,000 shares on The Bermuda Stock Exchange (BSX) yesterday.
But the company, which is the developer for Belvedere Place, remained unchanged at a share price of $1.20.
Overall the Index also opened and closed at 1,081...
DATE: Dec 01, 2011
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CATEGORY:
Bermuda Stock Exchange
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Mark Byrne’s attempt to buy a 25 percent stake in Bermuda-based Omega Insurance Holdings was hanging in the balance last night.
Early yesterday, the offer of Mr Byrne’s investment vehicle Haverford Bermuda Ltd to acquire a quarter of the insurer’s sh...
DATE: Dec 01, 2011
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CATEGORY:
Reinsurance
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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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