77160 results returned for search: "" category "Business"
Insurer BF&M Ltd's profits fell 3.7 percent to $5.7 million in the first quarter of this year, as soaring health insurance claims took their toll.
The company's chief executive officer John Wight said there had been an increase of $600,000 in claims ...
DATE: Jun 24, 2011
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CATEGORY:
Reinsurance
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West Hamilton Holdings Ltd dropped 34.72 percent ($2.66) on The Bermuda Stock Exchange (BSX) yesterday.
The company, which is redeveloping the site of the former Bermuda Bakery, traded 2,000 shares to close at $5.
Bermuda Commercial Bank Ltd also fel...
DATE: Jun 23, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda re/insurer Lancashire Holdings Ltd received a boost yesterday, when AM Best Co upgraded the financial strength rating of its operating companies to A from A-.
Issuer credit ratings of Lancashire Insurance Company Ltd and Lancashire Insurance ...
DATE: Jun 23, 2011
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CATEGORY:
Reinsurance
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Bermuda has signed a bilateral tax information exchange agreement (TIEA) with Indonesia, Premier and Finance Minister Paula Cox announced yesterday.
The TIEA, which is the Island’s 25th signed agreement, provides for a full exchange of information on...
DATE: Jun 23, 2011
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CATEGORY:
Economy
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About $65 billion in capital has flowed into Bermuda’s insurance sector over the past two to three years, according to Clement Booth, chairman of Allianz’s UK business.
Mr Booth made the claim at the Association of British Insurers’ biennial conferen...
DATE: Jun 23, 2011
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CATEGORY:
Reinsurance
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Business Bermuda is looking for additional sponsors for its annual College Student Networking Event by tomorrow’s deadline.
The organisation said yesterday there are still some spots available for corporate sponsors willing to donate a prize of their...
DATE: Jun 23, 2011
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CATEGORY:
Bermuda Works
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Bermuda will lose some of its regulatory flexibility in gaining “third-country equivalence” with Solvency II so it needs to be sure that equivalence will really mean equivalence in practice.
That’s the view of XL Group chief executive officer Mike Mc...
DATE: Jun 23, 2011
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CATEGORY:
Reinsurance
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Diane Gordon, executive vice-president of the Bermuda Chamber of Commerce has been designated with the Certified Chamber Executive (CCE) by the American Chamber of Commerce Executives (ACCE).
The CCE is the only national certification for chamber pro...
DATE: Jun 23, 2011
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CATEGORY:
Other
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NEW YORK (Reuters) - Insured severe weather losses have already topped $15.5 billion in the United States this year, three times the full-year average of the last 20 years, insurance brokerage Aon Corp said yesterday.
Almost all of that comes from th...
DATE: Jun 23, 2011
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CATEGORY:
Reinsurance
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The markets will offer an average return of 10 percent over the next couple of years, but volatility looks set to continue at relatively high levels in the future.
That is the view of Paul Larson, chief equities strategist and editor at Morningstar S...
DATE: Jun 23, 2011
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CATEGORY:
Personal Finance
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