75989 results returned for search: "" category "Business"
XL Insurance, the global insurance underwriting operations of XL Group plc, has announced an increase in its property insurance capacity from $600 million to $750 million.
Joseph Tocco, head of XL Insurance’s North America Property unit, said: “More ...
DATE: Sep 20, 2011
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CATEGORY:
Reinsurance
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Mark Byrne believes the deal that would give him a 25 percent stake in Bermuda-based insurer Omega Insurance Holdings Ltd is “80 percent there”.
If the £50 million ($78.4 million) deal goes through within the next few weeks, the founder of Flagstone ...
DATE: Sep 20, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) Transatlantic Holdings Inc is rejecting a $3.25 billion takeover offer from Warren Buffett’s Berkshire Hathaway Inc that was set to expire yesterday.
“The Transatlantic board of directors does not believe the all-cash proposal, a...
DATE: Sep 20, 2011
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CATEGORY:
Reinsurance
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Hungry eaters flocked to get a taste of some authentic Mexican cuisine at one of Hamilton’s newest open air restaurants.
Little Mexico, which is located in Wesley Square, drew in the crowds on its first day of opening last week and has been busy ever...
DATE: Sep 20, 2011
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CATEGORY:
Local Business
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Kevin McPhee’s hospitality career has taken him from Bermuda to California, the Caribbean and as far away as Hawaii, and then back east to Utah. He may soon be moving again, to North Carolina.
On the island of Maui (who wouldn’t want to live there), ...
DATE: Sep 19, 2011
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CATEGORY:
Other
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Allied World Assurance Company Holdings AG has announced it terminated its $2.94 billion merger agreement with reinsurer Transatlantic Holdings Inc.
Under the terms of the agreement, Allied World will receive a termination fee of $35 million plus $13...
DATE: Sep 19, 2011
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CATEGORY:
Reinsurance
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KeyTech Ltd was the only climber among domestic board companies on the Bermuda Stock Exchange (BSX) last week.
The telecommunications group and owner of the Bermuda Telephone Company gained 15 cents, or 2.75 percent, to close the week on $5, as 2,239...
DATE: Sep 19, 2011
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CATEGORY:
Bermuda Stock Exchange
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Axis Capital Holdings Ltd’s operating subsidiaries saw their A+ insurer financial strength ratings affirmed by Fitch Ratings. The rating outlook is stable.
The rating rationale includes Axis’ conservatively structured balance sheet, history of favour...
DATE: Sep 19, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank has today announced the launch of a new online brokerage service for local investors through its subsidiary Butterfield Securities (Bermuda) Ltd.
Accessible through the bank’s website, Butterfield Self-Directed Brokerage Online enabl...
DATE: Sep 19, 2011
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CATEGORY:
Personal Finance
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The board of the Bermuda Chamber of Commerce felt that the decision to part ways with executive director Diane Gordon was in the best interests of the Chamber and its members.
That is according to Chamber president Stephen Todd, who said that the Cha...
DATE: Sep 19, 2011
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CATEGORY:
Economy
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