77157 results returned for search: "" category "Business"
The A- financial strength ratings of IPCRe and Validus Re Europe have been placed under review with developing implications by AM Best.
The ratings agency says that IPC, which was acquired by Validus in 2009, has stopped writing new business and is e...
DATE: Feb 17, 2012
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CATEGORY:
Reinsurance
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Local music stores have sold out of Whitney Houston music and movies after the singer’s death last week.
“We are scrambling to get more Whitney Houston items in stock,” said Helena Escolastica, sales manager of Music Box on Reid Street. “Our dealers ...
DATE: Feb 17, 2012
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CATEGORY:
Local Business
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Bermuda Commercial Bank has taken a major stake in KeyTech Ltd., owner of BTC and Logic, citing the attractive dividend paid by the company.
In a filing to the Bermuda Stock Exchange, KeyTech Ltd announced that, as a result of a February 6 share tran...
DATE: Feb 17, 2012
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CATEGORY:
Local Business
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It was a quiet day on the Bermuda Stock Exchange (BSX) yesterday, with no shares trading.
The Royal Gazette / BSX Index closed at 1,039.77 with no change.
The BSX Insurance Indexclimbed eight points, or 0.77 percent, to close on 1.041 points.
DATE: Feb 17, 2012
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CATEGORY:
Bermuda Stock Exchange
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Document destruction firm Guardian has recycled enough shredded paper since starting up in 2005 to save nearly 11,000 trees, the company revealed yesterday.
Guardian, which uses an industrial shredder housed in a secure facility in Southampton, sent ...
DATE: Feb 16, 2012
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CATEGORY:
Local Business
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AUTHOR:
Jonathan Kent
Global insurance broker Marsh & McLennan Cos (MMC) said profits rose 26 percent on broad-based revenue growth.
The company’s Bermudian CEO Brian Duperreault said he was “very pleased” with the company’s performance both for the fourth quarter and for...
DATE: Feb 16, 2012
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CATEGORY:
Reinsurance
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The Bermuda Insurance Institute (BII) has put out the call for nominations for the annual Bermuda Insurance Industry Awards.
The awards, established in 1998, set to recognise outstanding individuals whose leadership skills and contributions to the in...
DATE: Feb 16, 2012
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CATEGORY:
Reinsurance
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President of Bermuda Realty Company, Brian Madeiros, has been named as a finalist for an international real estate award over thousands of others around the world.
The Chandler Barton Spirit Award, given by Bermuda Realty’s affiliate group, Coldwell ...
DATE: Feb 16, 2012
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CATEGORY:
Local Business
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Allied World Assurance Company Holdings last night reported an annual profit of $274.5 million, boosted by a merger termination fee from its failed attempt to combine with US reinsurer Transatlantic Holdings.
The Switzerland-based re/insurer, which r...
DATE: Feb 16, 2012
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CATEGORY:
Reinsurance
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A shareholder has gone public with concerns about the role of the Canadian Imperial Bank of Commerce at Butterfield Bank and whether CIBC and another large shareholder, the Carlyle Group, are having too much say and “directing” management.
Together C...
DATE: Feb 16, 2012
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CATEGORY:
Other
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