75993 results returned for search: "" category "Business"
XL Group plc has named Peter Porrino as its new chief financial officer and executive vice-president.
Mr Porrino, who has more than 30 years of experience working in and advising the insurance industry, will join the company in late August and report...
DATE: Jun 17, 2011
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CATEGORY:
Reinsurance
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Robert Mulderig has had a passion for flying since taking his first lesson at law school but it wasn't until this month that he realised his dream of owning a private jet company.
An investment group led by Mr Mulderig, who is chairman of Butterfield...
DATE: Jun 17, 2011
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CATEGORY:
International Business
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One of the keys to keeping international insurance industry jobs in Bermuda is to show “more red carpet and less red tape” in order to attract and keep job creators on the Island, according to PricewaterhouseCoopers partner Caroline Foulger.
Global c...
DATE: Jun 17, 2011
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CATEGORY:
Economy
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LONDON (Reuters) - Britain’s top banks will have to protect their retail businesses from investment banking activities after the government backed a plan to overhaul the industry and shield taxpayers from future losses.
Finance minister George Osborn...
DATE: Jun 16, 2011
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CATEGORY:
International Business
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Butterfield Bank traded 29,800 shares on The Bermuda Stock Exchange (BSX) yesterday.
The bank’s share price held firm at $1.40.
The Index, as a whole, remained unchanged at 1,199.21 with 29,800 shares worth $41,506 changing hands.
The BSX Insurance I...
DATE: Jun 16, 2011
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CATEGORY:
Bermuda Stock Exchange
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One of the major challenges faced by the Bermuda Monetary Authority is to how to meet the needs of the large Class 4 commercial re/insurers as well as those of captive insurers, according to Marsh IAS Management (Bermuda) managing director David Ezek...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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Increased regulation, shifting demographics, advances in technology and climate change are likely to be the biggest factors impacting the re/insurance industry going forward.
That is the view of Clement Booth, member of the board of management at All...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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The biggest challenges facing the insurance industry in the future are heightened regulatory reforms, the global economic situation and the increasing number of natural catastrophes, according to Ace vice-chairman John Keogh.
Speaking at the Insuranc...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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PartnerRe Ltd has raised $373.75 million on the capital markets after completing a sale of 14.95 million preference shares.
The Bermuda reinsurer, which recorded more than $1 billion in catastrophe losses in the first quarter, said yesterday that the...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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The Florida Office of Insurance Regulation has signed two consent orders that allow Bermuda-based reinsurers Ariel Reinsurance Co Ltd and DaVinci Reinsurance Ltd to post reduced collateral and operate in Florida as eligible reinsurers.
The Consent O...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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