75992 results returned for search: "" category "Business"
Maiden Holdings Ltd expects to post a $9.5 million loss from the thunderstorm and tornado activity across the US during the second quarter.
While Maiden with its lower volatility business model is not a catastrophe-oriented reinsurer, the unusually h...
DATE: Jul 14, 2011
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CATEGORY:
Reinsurance
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Bermuda-based reinsurer Validus Holdings has topped Allied World Assurance Company's offer to buy Transatlantic Holdings.
Validus' offer of $55.95 per share for the US reinsurer, announced last night, is worth around $3.5 billion, a 12 percent premiu...
DATE: Jul 13, 2011
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CATEGORY:
Other
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Bermuda’s importance as an insurance and reinsurance centre has come to the fore at a time when insured losses from global catastrophes in the first half of the year have totalled $55 billion.
That is the view of Robert Hartwig, president of the New ...
DATE: Jul 13, 2011
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CATEGORY:
Reinsurance
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Business leaders and employment specialists have welcomed Government plans to offer permanent residency status to some 10-year work permit holders.
They said the proposals, which were outlined by Premier Paula Cox in the House of Assembly on Friday a...
DATE: Jul 13, 2011
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CATEGORY:
International Business
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Bermudians have been rushing to cash in on their gold jewellery and coins with one trader buying more than $750,000 in items since it launched in late February.
Gold Standard Bermuda, which is run by business partners Jonathan Hitchcock and Matthew M...
DATE: Jul 13, 2011
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CATEGORY:
Other
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Economy Minister Kim Wilson will be leading a public meeting tonight aimed at encouraging entrepreneurship in the West End.
The event, which is being hosted by the Bermuda Small Business Development Corporation (BSBDC) at the Sandys Secondary Middle ...
DATE: Jul 13, 2011
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CATEGORY:
Other
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Butterfield Bank rose 0.7 percent (one cent) on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 3,000 shares to close at $1.43.
The Index, as a whole, climbed 4.78 points (0.4 percent) to 1,208.03 with 3,000 shares worth $4,290 changing h...
DATE: Jul 13, 2011
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CATEGORY:
Bermuda Stock Exchange
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Some of Bermuda’s top students’ talents have been recognised with scholarship awards presented at a ceremony held by the Ace Foundation yesterday.
The 2011 Robert Clements/Ace Scholarship was awarded to Andrew Fleming. Mr Fleming, a 17-year old Cedar...
DATE: Jul 13, 2011
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CATEGORY:
Reinsurance
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Two former US trade representatives have backd the Bermuda insurance industry’s opposition to changes that would impose extra taxes on non-US insurance groups.
Mickey Kantor and Susan Schwab jointly authored a letter to the Subcommittee on Select Re...
DATE: Jul 12, 2011
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CATEGORY:
International Business
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Seven new insurers were formed in June, bringing the total for the year to 27, according to the latest figures released by the Bermuda Monetary Authority (BMA).
Class 1 insurance company Telluride Insurance Ltd was set up by Marsh IAS Management Serv...
DATE: Jul 12, 2011
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CATEGORY:
Reinsurance
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