76365 results returned for search: "" category "Business"
NEW YORK (Reuters) - Monday’s earthquake in Christchurch, New Zealand, likely caused an additional $3 billion to $5 billion in insured losses on top of the damage from two previous quakes, catastrophe modeling company Eqecat said yesterday.
The quake...
DATE: Jun 15, 2011
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CATEGORY:
Reinsurance
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Allied World Assurance Company will conduct a review of its operations in Bermuda as it goes through the process of merging with Transatlantic Holdings, one of its top executives told The Royal Gazette yesterday.
The “merger of equals” agreement be...
DATE: Jun 15, 2011
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CATEGORY:
Reinsurance
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The number of house sales has dropped by approximately one-half in the space of two years with properties staying on the market longer than previously and deals taking more time to close.
That is according to Coldwell Banker Bermuda Realty's agency m...
DATE: Jun 15, 2011
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CATEGORY:
Other
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Bermuda-based Enstar Group Ltd has announced that it has entered into a new three-year $250 million revolving credit facility with National Australia Bank Ltd and Barclays Corporate, the corporate banking division of Barclays Bank plc.
Enstar, which ...
DATE: Jun 15, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank traded 3,600 shares on The Bermuda Stock Exchange (BSX) yesterday.
The bank’s share price remained unchanged at $1.38.
Also in the banking sector, Bermuda Commercial Bank Ltd saw 2,900 shares change hands, but its share value held fi...
DATE: Jun 14, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda’s Emerging Professionals (BEPRO) is kicking off their annual membership drive with their first summer event this week.
On Thursday, the organisation is hosting a party at Newstead Belmont Hills Resort in Paget to introduce newly elected board...
DATE: Jun 14, 2011
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CATEGORY:
Other
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Offshore financial centres (OFCs) with explicit secrecy rules and weak legal and administrative frameworks have attracted business from tax evaders and money launderers while raising serious concerns among the international community.
That is accordi...
DATE: Jun 14, 2011
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CATEGORY:
Other
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Bermuda-domiciled Digicel Group Ltd boosted its revenue by 27 percent for the year ended March 31, 2011 as the company continued its rapid expansion across a number of key markets.
The group, which also has operations in Bermuda, increased its subscr...
DATE: Jun 14, 2011
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CATEGORY:
Other
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XL Group plc expects to suffer losses of up to $75 million from the tornado outbreaks in the US over the past two months.
The global business insurer, which is based in Ireland but has substantial operations in Bermuda, said it expected net losses re...
DATE: Jun 14, 2011
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CATEGORY:
Reinsurance
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Bermuda’s shipping register has the best three-year safety record, according to a European port state control organisation.
The Paris MoU rates registries each year, based on the number of inspections and detentions in a rolling three-year period.
Ac...
DATE: Jun 14, 2011
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CATEGORY:
Other
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