76374 results returned for search: "" category "Business"
NEW YORK (Bloomberg) New Zealand’s deadliest earthquake in eight decades, which toppled buildings and trapped workers in Christchurch, the country’s second-largest city, may lead to higher prices for reinsurance in the Asia-Pacific region.
Bermuda is...
DATE: Feb 24, 2011
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CATEGORY:
Reinsurance
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Bermuda Press (Holdings) Ltd’s net income grew fivefold as the company slashed expenses by almost ten percent.
Net earnings were $316,000 for the year ended September 30, 2010, or 23 cents per share, compared to $63,000, or five cents a share, in the...
DATE: Feb 24, 2011
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CATEGORY:
Other
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PartnerRe Ltd yesterday announced that Brian Secrett has been appointed head of its catastrophe business unit.
Mr Secrett, who is currently chief underwriting officer and deputy head, catastrophe, will be responsible for PartnerRe’s worldwide catastr...
DATE: Feb 24, 2011
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CATEGORY:
Reinsurance
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Close to 50 business owners and aspiring entrepreneurs attended the BSBDC sponsored Money Matters Seminar last week at the Bermuda Industrial Union, where industry professionals and senior banking officers answered questions on how to acquire financi...
DATE: Feb 24, 2011
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CATEGORY:
Other
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Endurance Specialty Holdings Ltd announced yesterday that William Bolinder has been elected as its new chairman, effective March 3.
He will succeed Kenneth LeStrange, who founded Endurance in 2001.
Mr Bolinder has been a member of the Bermuda re/insu...
DATE: Feb 24, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank climbed 0.8 percent in Bermuda Stock Exchange trading yesterday to push the local stock market higher.
The bank, which declared a $207.6 million loss for 2010 after the market closed, gained one cent to close the day on $1.22, as 28,...
DATE: Feb 23, 2011
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CATEGORY:
Bermuda Stock Exchange
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KPMG in Bermuda has announced that KPMG has been named the Best Fund Audit firm by IFI (Funddomiciles.com).
The award was presented in London on January 19, 2011 after IFI’s Annual Conference on the future of fund domiciles.
Craig Bridgewater, lead ...
DATE: Feb 23, 2011
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CATEGORY:
International Business
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LONDON (Reuters) Stronger tax revenues helped Britain to a bigger-than-expected budget surplus last month, raising the possibility the government might borrow less than planned in the 2010/11 fiscal year.
However, there is a strong chance Chancellor ...
DATE: Feb 23, 2011
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CATEGORY:
Economy
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LONDON (Bloomberg) Bermuda-based Frontline Ltd., the world’s largest operator of supertankers, posted a bigger-than-expected fourth-quarter loss and declared a dividend that missed estimates after charter costs plunged on a glut of vessels.
The net l...
DATE: Feb 23, 2011
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CATEGORY:
International Business
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TOKYO (Reuters) Moody’s Investors Service warned yesterday that it may cut Japan’s sovereign rating if government policies fall short of comprehensive tax reform needed to bring ballooning public debt under control.
The ratings agency said Japan, whe...
DATE: Feb 23, 2011
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CATEGORY:
Economy
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