75993 results returned for search: "" category "Business"
The Bermuda insurance market is already on the hook for close to $2 billion in first-quarter catastrophes - and that’s before estimates of the Japan earthquake and tsunami are calculated.
Many companies have put out estimates of their losses from las...
DATE: Mar 18, 2011
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CATEGORY:
Reinsurance
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AdVantage Ltd is doing its bit to help people save money in the current economic climate with the launch of a new discount coupon booklet.
The product, called Clip n’ Save, will offer special discounts, sales, promotions, giveaways and coupons from r...
DATE: Mar 18, 2011
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CATEGORY:
Local Business
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Everest Re Group Ltd has issued preliminary loss estimates of between $140 million and $210 million for last month’s New Zealand earthquake.
The company also expects gross losses of $45 million in the first quarter due to this year’s Australian flood...
DATE: Mar 18, 2011
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CATEGORY:
Reinsurance
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Argus Group Holdings Ltd. dropped 9.78 percent (45 cents) to $4.15 on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 500 shares to close at $4.15.
But fellow insurance company BF&M Ltd. rose 0.47 percent (seven cents) to $14.80 as 3,2...
DATE: Mar 18, 2011
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CATEGORY:
Bermuda Stock Exchange
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The London-based Institute of Risk Management is set to launch a new regional group in Bermuda.
The first meeting of the new group will be a breakfast session today entitled “Bringing a risk framework to life”.
IRM chairman Alex Hindson, who is curre...
DATE: Mar 18, 2011
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CATEGORY:
Other
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NEW YORK (Bloomberg) Ruth Madoff’s account at Bank of New York Mellon Corp. received “fraudulent” transfers of at least $14 million, said the trustee liquidating her husband Bernard Madoff’s firm, who wants to “recapture” $44.8 million.
Irving Picard...
DATE: Mar 17, 2011
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CATEGORY:
International Business
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Aurum Isis Institutional Dollar Fund Ltd has won approval for the secondary listing of five million shares by the listing committee of the Bermuda Stock Exchange (BSX), effective from the start of this month.
The value of each share is 0.002 cents.
T...
DATE: Mar 17, 2011
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CATEGORY:
Bermuda Stock Exchange
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RenaissanceRe Holdings Ltd expects its losses from the Japanese earthquake to be significant and material, according to initial assessments.
The re/insurer said it provides meaningful reinsurance and retrocessional excess of loss reinsurance coverage...
DATE: Mar 17, 2011
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CATEGORY:
Reinsurance
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NEW YORK/LONDON (Reuters) - Friday’s earthquake in Japan caused insured losses of between $12 billion and $25 billion, making it one of the costliest natural disasters in history for global insurers, catastrophe risk modeling firm Eqecat said yesterd...
DATE: Mar 17, 2011
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CATEGORY:
Reinsurance
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Shares of most Bermuda market re/insurers continued to fall yesterday in the wake of the destruction caused by Japan's earthquake and tsunami last Friday.
The worst-hit of the group yesterday was Platinum Underwriters, which slid 4.2 percent in New Y...
DATE: Mar 17, 2011
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CATEGORY:
Reinsurance
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