76001 results returned for search: "" category "Business"
NEW YORK (Reuters) - Flagstone Re has extended the remit of its existing catastrophe bond prgramme to incorporate new perils, as the sector heads towards the third-strongest issuance year in its 20-year history.
This is the third issuance for Flagsto...
DATE: Dec 24, 2010
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CATEGORY:
International Business
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Butterfield Bank held its sixth annual ‘Butterfield 411’ Student Networking Event at the Bermuda Society of Arts in City Hall.
The objectives of the Butterfield 411 are to create opportunities for local high school graduates and college/university st...
DATE: Dec 24, 2010
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CATEGORY:
Other
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Fitch Ratings yesterday said it downgraded the short-term issuer default rating of Bermuda Commercial Bank by one notch to F3, because of “a moderate shift” towards higher-risk investments.
The ratings agency also affirmed BCB's individual rating at ...
DATE: Dec 24, 2010
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CATEGORY:
International Business
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AUTHOR:
Jonathan Kent
The financial strength rating of Sony’s Bermuda-based captive insurance company PMG Assurance Ltd has been affirmed at A (excellent) by ratings agency AM Best Co.
Best noted that PMG has changed its underwriting strategy to fully concentrate on Sony-...
DATE: Dec 24, 2010
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CATEGORY:
International Business
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BF&M Ltd. dropped 5.8 percent (84 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 2,400 shares to close at $13.66.
Meanwhile, Argus Group Holdings Ltd. rose 3.6 percent (20 cents) to $5.75, with 137,827 shares changing hands....
DATE: Dec 23, 2010
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CATEGORY:
Bermuda Stock Exchange
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The amount of Bermuda dollar cash in circulation over the coming holiday weekend will be $129.7 million a decrease of 6.7 percent compared to last year's total of $139 million.
And the $8.6 million in Bermuda dollar notes and coins issued by the Berm...
DATE: Dec 23, 2010
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CATEGORY:
Economy
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Bermuda-based Enstar Group Ltd yesterday said it had agreed to buy Clarendon National Insurance Co from Hannover Re for $200 million.
The company, which specialises in acquiring and managing businesses that are being run off, said in a statement the ...
DATE: Dec 23, 2010
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CATEGORY:
International Business
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NEW YORK (Reuters) - Bailed-out insurer American International Group will pay $100 million in fines in a settlement with all 50 states over reporting errors for premiums on workers' compensation insurance.
The Pennsylvania Department of Insurance ann...
DATE: Dec 23, 2010
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CATEGORY:
International Business
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XL Group plc said yesterday that it has appointed Simon Rich as senior vice-president, global treasurer.
Mr Rich previously served as senior vice-president, corporate controller for the company. In his new role, he will continue to report to XL’s chi...
DATE: Dec 23, 2010
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CATEGORY:
International Business
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2010 has been a big year in the latest chapter of MS Frontier Reinsurance Ltd's history.
The company, which was set up in Bermuda eight years ago and is a member of the Japan-based MS & AD Insurance Group, moved into its new state-of-the-art headquar...
DATE: Dec 23, 2010
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CATEGORY:
International Business
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