75993 results returned for search: "" category "Business"
XL Group plc has announced plans to hold its sixth Global Day of Giving next week.
This employee volunteer day, which takes place on Monday, is dedicated to supporting the communities in which XL companies operate.
The Global Day of Giving, which beg...
DATE: May 13, 2011
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CATEGORY:
Reinsurance
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Technology will be the driving force for the development of re/insurance companies in the future, with a greater focus on globally integrated systems as firms expand and move between jurisdictions.
That is the view of Rob Stavrou, of IT consultancy a...
DATE: May 13, 2011
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CATEGORY:
Reinsurance
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A newly-formed management consulting firm will be looking to bridge the gap between Government and business, starting local and going global with a network of operations from Bermuda to as far afield as the UK, US, Canada and Dubai.
JL Consulting L...
DATE: May 13, 2011
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CATEGORY:
Other
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Primus Guaranty Ltd’s profits edged down slightly to $84.7 million in the first quarter of 2011 from $86.5 million the previous year.
The net income for the first quarter was driven by a net unrealised mark-to-market gain of $82.7 million on Primus F...
DATE: May 13, 2011
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CATEGORY:
Reinsurance
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Bermuda Commercial Bank yesterday announced a $1.35 million net profit for the six months through March 2011, as revenues more than doubled and client deposits rose by almost one third.
The bank is going through a period of rejuvenation under new own...
DATE: May 13, 2011
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CATEGORY:
Economy
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The Ascendant Group Ltd traded 27,100 on The Bermuda Stock Exchange (BSX) yesterday.
But the energy company’s stock price held firm at $14.15.
Butterfield Bank also saw 7,300 shares change hands, however, its share value also remained unchanged at $1...
DATE: May 12, 2011
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CATEGORY:
Bermuda Stock Exchange
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The parent company of the New York Times which this week ran a page one story critical of “Bermuda-style financial wizardry” practised by corporations owning captive insurance companies in the US has a captive of its own, it emerged yesterday.
The re...
DATE: May 12, 2011
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CATEGORY:
International Business
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May 11 (Bloomberg) -- The U.S. Attorney called the Wall Street trader a participant in the most widespread instance of "systemic corruption" the government had investigated.
The comments by Rudolph Giuliani's office came in the 1987 sentencing of Iva...
DATE: May 12, 2011
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CATEGORY:
Other
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Three new insurers were registered last month, bringing the total number of new incorporations for the first four months of the year to ten.
In a statement yesterday, regulator the Bermuda Monetary Authority said that Class 3 insurer Aeolus Re Ltd, c...
DATE: May 12, 2011
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CATEGORY:
Reinsurance
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The Ascendant Group Ltd’s consolidated net earnings dropped almost $3 million during 2010 as subsidiary Belco incurred $1.2 million in lost sales and restoration costs from the damage caused by Hurricane Igor.
The energy group’s net earnings for last...
DATE: May 12, 2011
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CATEGORY:
Other
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