76369 results returned for search: "" category "Business"
The massive catastrophe losses that wiped out tens of billions of dollars in re/insurance industry capital have not been enough to bring significant increases in rates, according to Aon Bermuda chief operating officer Joe Rego.
Mr Rego spoke yesterda...
DATE: May 04, 2011
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CATEGORY:
Reinsurance
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Fund industry executives Glenn Henderson and Tim Calveley have announced the completion of the acquisition of fund administrator, Butterfield Fulcrum, in partnership with private equity firm BV Investment Partners, following regulatory and government...
DATE: May 04, 2011
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CATEGORY:
Other
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Business insurer XL Group plc last night announced a first-quarter net loss of $227.3 million after it was hit by catastrophe losses of more than $380 million in the first three months of the year.
The net operating loss of $163 million, or 52 cents ...
DATE: May 04, 2011
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CATEGORY:
International Business
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Butterfield Bank needs to report a few successive quarters of earnings growth before its shares would become a viable investment opportunity, according to a top analyst with LOM.
Jeremy Dyck, an investment adviser with LOM Securities (Bahamas) Ltd., ...
DATE: May 04, 2011
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CATEGORY:
Other
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AS Cooper has launched a joint venture with Picturesque Galleries to feature the Bermuda photographs of photographer Roland Skinner in a number of stores.
AS Cooper will create mini-galleries in its Dockyard and St George stores as well as a larger ...
DATE: May 04, 2011
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CATEGORY:
Local Business
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Capital G Investments Ltd yesterday announced the 100 percent acquisition of Orion Investment Management Ltd.
Orion, a Bermuda-based investment management boutique, was founded in 2006 and currently consists of four investment professionals - Eric Hi...
DATE: May 04, 2011
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CATEGORY:
Other
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CellularOne and M3 Wireless yesterday said they had agreed to merge their wireless businesses.
The amalgamation of two of Bermuda’s three cell phone service providers will create a company with approximately a half share of the market, according to ...
DATE: May 04, 2011
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CATEGORY:
Technology
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Capital G Bank's investment arm has announced the purchase of specialty investment manager Orion Investment Management Ltd.
Orion, a Bermuda based investment management boutique, was founded in 2006 and consists of four investment professionals – Eri...
DATE: May 03, 2011
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CATEGORY:
Other
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Endurance Specialty Holdings Ltd reported a net loss of almost $90 million in the opening three months of the year as its combined ratio climbed to 139.3 percent on global catastrophe losses.
The re/insurer made a net loss of $87.4 million and $2.25 ...
DATE: May 03, 2011
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CATEGORY:
Reinsurance
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Bermuda and the local insurance and reinsurance markets are front and centre today at the Risk & Insurance Management Society, Inc (RIMS) Annual Conference in Vancouver, British Columbia.
It is the first time the event has been held in this Canadian ...
DATE: May 03, 2011
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CATEGORY:
Reinsurance
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