76365 results returned for search: "" category "Business"
Ram Holdings Ltd boosted its profits by $6 million during the first quarter of 2011, up from $1.8 million for the same period last year.
Ram’s CEO David Steel said: “Our first quarter net income was largely driven by the continued run off of our info...
DATE: Jun 24, 2011
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CATEGORY:
Reinsurance
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AM Best Co has affirmed at A- the financial strength rating of the operating units of Bermuda insurer Ironshore.
The ratings agency also affirmed the company’s issuer credit rating of “bbb-” and declared a stable outlook for all ratings.
The operatin...
DATE: Jun 24, 2011
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CATEGORY:
Reinsurance
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AM Best Europe Rating Services Ltd has affirmed the financial strength rating of A- (excellent) and the issuer credit ratings of a- of Bermuda-based Through Transport Mutual Insurance Association Limited (TTB) and its subsidiary, the UK-based TT Club...
DATE: Jun 24, 2011
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CATEGORY:
International Business
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Bermuda needs to change its ideas and attitudes in order to capitalise on opportunities in the future, according to the Argus Group president Gerald Simons.
Mr Simons, who was part of a panel discussion led by think tanks Bermuda First and Sanctum at...
DATE: Jun 24, 2011
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CATEGORY:
Economy
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Argus Group Holdings Ltd rose two percent (ten cents) on The Bermuda Stock Exchange (BSX) yesterday.
The insurer closed at $5.10 with 500 shares traded during the day.
Butterfield Bank also saw its preference shares gain 1.62 percent ($20) to climb t...
DATE: Jun 24, 2011
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CATEGORY:
Bermuda Stock Exchange
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Insurer BF&M Ltd's profits fell 3.7 percent to $5.7 million in the first quarter of this year, as soaring health insurance claims took their toll.
The company's chief executive officer John Wight said there had been an increase of $600,000 in claims ...
DATE: Jun 24, 2011
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CATEGORY:
Reinsurance
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West Hamilton Holdings Ltd dropped 34.72 percent ($2.66) on The Bermuda Stock Exchange (BSX) yesterday.
The company, which is redeveloping the site of the former Bermuda Bakery, traded 2,000 shares to close at $5.
Bermuda Commercial Bank Ltd also fel...
DATE: Jun 23, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda re/insurer Lancashire Holdings Ltd received a boost yesterday, when AM Best Co upgraded the financial strength rating of its operating companies to A from A-.
Issuer credit ratings of Lancashire Insurance Company Ltd and Lancashire Insurance ...
DATE: Jun 23, 2011
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CATEGORY:
Reinsurance
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Bermuda has signed a bilateral tax information exchange agreement (TIEA) with Indonesia, Premier and Finance Minister Paula Cox announced yesterday.
The TIEA, which is the Island’s 25th signed agreement, provides for a full exchange of information on...
DATE: Jun 23, 2011
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CATEGORY:
Economy
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About $65 billion in capital has flowed into Bermuda’s insurance sector over the past two to three years, according to Clement Booth, chairman of Allianz’s UK business.
Mr Booth made the claim at the Association of British Insurers’ biennial conferen...
DATE: Jun 23, 2011
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CATEGORY:
Reinsurance
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