76001 results returned for search: "" category "Business"
Catlin Group Ltd yesterday increased its loss estimate from September's New Zealand earthquake by $10 million to $45 million.
The global property and casualty re/insurer said it made the announcement “in view of the increased interest in this event b...
DATE: Dec 23, 2010
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CATEGORY:
International Business
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Flagstone Reassurance Suisse SA has had its A- financial strength rating affirmed by ratings agency AM Best Co. The outlook for all ratings of the Luxembourg-based company, which redomiciled from Bermuda, is stable.
Best said the ratings reflected Fl...
DATE: Dec 22, 2010
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CATEGORY:
International Business
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A group of entrepreneurs have teamed up to launch a gallery selling all of their wares under one roof.
Gavin Kennedy, Julie Webb and Janet Perinchief, who were all vendors at the Rubber Tree Market in Warwick, joined forces to set up the Waterfront G...
DATE: Dec 22, 2010
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CATEGORY:
Reinsurance
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During a rainstorm in Washington in early 2009, amid the furore over Wall Street's post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer's name on it.
“Somebody came by, grabbed the umbrella and br...
DATE: Dec 22, 2010
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CATEGORY:
International Business
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Butterfield Bank traded 8,739 shares on The Bermuda Stock Exchange (BSX) yesterday.
But the bank's share price remained unchanged at $1.30.
The Index, as a whole, held firm at 1,172.94, with 8,739 shares worth BD$10,520.20 and 1,000 shares worth US$1...
DATE: Dec 22, 2010
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (AP) Carnival Corp's fourth-quarter net income climbed 29 percent, the company reported yesterday, with revenue improving as an economic recovery allowed cruise operators to demand higher prices.
People are again feeling safe enough to plunk...
DATE: Dec 22, 2010
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CATEGORY:
Other
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Hardy Underwriting Bermuda Ltd. director Paul Bailie has bought 30,000 shares of the re/insurer following rival Beazley’s decision to withdraw its offer for Hardy last week.
Mr Bailie, who is managing director of the Bermuda operations of Hardy, bou...
DATE: Dec 22, 2010
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CATEGORY:
International Business
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The Association of Bermuda Insurers and Reinsurers (ABIR) has announced its newly-elected officers who will take up their positions at the start of next year.
The new officers will each serve for a two-year term.
The incoming chair for ABIR will be C...
DATE: Dec 21, 2010
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CATEGORY:
International Business
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During his first year in the job as general manager of Bermuda Gas, Damon Wade has overseen some big changes.
The company endured the worst year in its history in 2008, but since Mr Wade has taken the reins it has bounced back to post a profit of $1....
DATE: Dec 21, 2010
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CATEGORY:
Reinsurance
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Two re/insurance companies were incorporated in Bermuda during November, bringing the total for the year to 30, according to the latest statisticws from the Bermuda Monetary Authority (BMA).
The BMA Monthly Registration Statistics for November reveal...
DATE: Dec 21, 2010
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CATEGORY:
International Business
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