76358 results returned for search: "" category "Business"
Bermuda-based Axis Capital Holdings Ltd expects net losses of between $90 million and $105 million from second-quarter natural disasters and has increased its estimate for first-quarter catastrophes.
The company said yesterday that the aftershock in ...
DATE: Jul 15, 2011
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CATEGORY:
Reinsurance
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Validus Reinsurance Ltd’s financial strength rating of A- (excellent) and issuer credit rating (ICR) of “a-” remain unchanged by AM Best Co following its parent company Validus Holdings Ltd’s unsolicited bid for Transatlantic Holdings Inc, the rating...
DATE: Jul 15, 2011
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CATEGORY:
Reinsurance
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Bermudian Felicia Rickards has been named learning manager for the Fairmont Southampton.
In her new role she is responsible for the career growth and development of employees at the resort.
Ms Rickards is the former president of management consulting...
DATE: Jul 15, 2011
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CATEGORY:
Other
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Retail sales continued to drop, declining 7.9 percent by volume during May, according to the latest figures released by Government.
Driving the fall were building material stores and liquor stores, which decreased by 7.9 percent and 7.4 percent respe...
DATE: Jul 15, 2011
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CATEGORY:
Local Business
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The hundreds of Bermudians working in the Island’s reinsurance industry- even in this economy- are making an average of almost $200,000 a year.
In addition, the Island’s 22 major re/insurers pumped nearly $1 billion ($971 million) into the local econ...
DATE: Jul 15, 2011
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CATEGORY:
International Business
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Butterfield Bank was the biggest trader on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 3,400 shares as it opened and closed at $1.43.
The Ascendant Group Ltd also saw 100 shares change hands, but its share price remained unchanged at ...
DATE: Jul 15, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based First Atlantic Commerce (FAC) has announced its is now processing all online credit card payments for Air Turks & Caicos, The National Flag carrier of the Turks and Caicos.
FAC is a PCI-certified, online payment solutions provider deli...
DATE: Jul 14, 2011
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CATEGORY:
International Business
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Watlington Waterworks Ltd climbed 16.25 percent ($1.95) on The Bermuda Stock Exchange (BSX) yesterday.
The utilities company traded 1,780 shares to close at $13.95.
Kentucky Fried Chicken Bermuda, however, fell 16.66 percent (one point) to $5 with $1...
DATE: Jul 14, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based run-off specialist Enstar Group announced that one of its wholly-owned subsidiaries has completed the previously announced acquisition of Clarendon National Insurance Company from an affiliate of Hannover Re.
This was the largest in a s...
DATE: Jul 14, 2011
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CATEGORY:
International Business
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Snaefell Alternative Investment Fund Ltd has announced the resignation of one director and the appointment of two new directors in a filing to the Bermuda Stock Exchange (BSX).
In the filing dated July 5, 2011, Snaefell advised that Richard Jarvis ha...
DATE: Jul 14, 2011
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CATEGORY:
International Business
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