77157 results returned for search: "" category "Business"
Bermuda reinsurer Validus Re’s financial strength rating has been upgraded by AM Best Co to A (excellent) from A- (excellent).
Additionally, AM Best has upgraded the issuer credit rating to “bbb” from “bbb-”and debt ratings of the parent company, Val...
DATE: Feb 07, 2012
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CATEGORY:
Reinsurance
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Close to 700 people are expected to attend the Somerset Economic Empowerment Zone’s first public presentation event next week in hopes of sparking a “regeneration” in the western parish.
In conjunction with Sandys Parish Council, the EEZ has invited ...
DATE: Feb 07, 2012
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CATEGORY:
Local Business
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John “Jay” Nichols will join Axis Capital Holdings Ltd from Bermuda rival RenaissanceRe to take the role of chief executive officer of Axis Re effective April 2, 2012, Axis announced last night.
Mr Nichols will report to the CEO and president of AXIS...
DATE: Feb 07, 2012
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CATEGORY:
Reinsurance
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Bermuda-based re/insurer Aspen Insurance Holdings Ltd last night reported a net loss after tax of $105.8 million for 2011.
The company stated its reinsurance results were materially impacted by a high frequency and severity of natural catastrophes in...
DATE: Feb 07, 2012
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CATEGORY:
Reinsurance
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A fable to inspire debate on trickledown economics, job creation and protecting Bermudians in the global economy
One day during the PGA Grand Slam of Golf at Port Royal, a lizard was eavesdropping on a conversation between a cedar tree and a palmett...
DATE: Feb 07, 2012
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CATEGORY:
Bermuda Works
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Validus Holdings’ likely claims payout on the Costa Concordia disaster will not increase even if insured losses are much higher than currently forecast.
The Bermuda reinsurer’s chairman and CEO Ed Noonan told The Royal Gazette that the company’s esti...
DATE: Feb 06, 2012
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CATEGORY:
Reinsurance
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The Royal Gazette / Bermuda Stock Exchange (BSX) Index surged nearly seven percent last week, fuelled by a spike in Butterfield Bank shares.
During the five days of trading, the bank recovered strongly from $1.05, its 52-week low, to end the week on ...
DATE: Feb 06, 2012
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CATEGORY:
Bermuda Stock Exchange
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Insurance brokerage Aon Corp said it plans to focus on stock buybacks as it seeks to boost shareholder returns.
“We do not believe there’s a significant acquisition on the horizon,” Aon’s chief financial officer Christa Davies said on Friday on a con...
DATE: Feb 06, 2012
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CATEGORY:
Reinsurance
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Capital G announced three senior appointments in their risk and accounting departments.
Frank Morisano has been appointed to the newly created position of executive vice-president, chief risk officer with responsibility for the Group’s credit, marke...
DATE: Feb 06, 2012
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CATEGORY:
Local Business
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BERN, Switzerland (Bloomberg) Axa SA, Europe’s second-biggest insurer, said total issuance of bonds designed to protect insurers from the risk of paying out on natural disasters could increase by 30 percent to $6 billion this year.
“More new sponsors...
DATE: Feb 06, 2012
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CATEGORY:
Reinsurance
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