77160 results returned for search: "" category "Business"
LONDON (Reuters) - Britain’s top banks will have to protect their retail businesses from investment banking activities after the government backed a plan to overhaul the industry and shield taxpayers from future losses.
Finance minister George Osborn...
DATE: Jun 16, 2011
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CATEGORY:
International Business
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Butterfield Bank traded 29,800 shares on The Bermuda Stock Exchange (BSX) yesterday.
The bank’s share price held firm at $1.40.
The Index, as a whole, remained unchanged at 1,199.21 with 29,800 shares worth $41,506 changing hands.
The BSX Insurance I...
DATE: Jun 16, 2011
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CATEGORY:
Bermuda Stock Exchange
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One of the major challenges faced by the Bermuda Monetary Authority is to how to meet the needs of the large Class 4 commercial re/insurers as well as those of captive insurers, according to Marsh IAS Management (Bermuda) managing director David Ezek...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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Increased regulation, shifting demographics, advances in technology and climate change are likely to be the biggest factors impacting the re/insurance industry going forward.
That is the view of Clement Booth, member of the board of management at All...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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The biggest challenges facing the insurance industry in the future are heightened regulatory reforms, the global economic situation and the increasing number of natural catastrophes, according to Ace vice-chairman John Keogh.
Speaking at the Insuranc...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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PartnerRe Ltd has raised $373.75 million on the capital markets after completing a sale of 14.95 million preference shares.
The Bermuda reinsurer, which recorded more than $1 billion in catastrophe losses in the first quarter, said yesterday that the...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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The Florida Office of Insurance Regulation has signed two consent orders that allow Bermuda-based reinsurers Ariel Reinsurance Co Ltd and DaVinci Reinsurance Ltd to post reduced collateral and operate in Florida as eligible reinsurers.
The Consent O...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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Bermuda-based fund services provider Butterfield Fulcrum has announced that it has established a presence on the west coast of the US to be led by Brian Young.
Based in the Pacific northwest, Mr Young, a director of business development, will be res...
DATE: Jun 16, 2011
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CATEGORY:
International Business
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Solvency II will nurture the conditions for “systemic risk” in the insurance industry, according to the chief executive officer of Bermuda-based re/insurer Hiscox.
Speaking at the Insurance Day Summit yesterday, Bronek Masojada questioned the industr...
DATE: Jun 16, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank shares hit the $1.40 mark yesterday to help drive the Royal Gazette / Bermuda Stock Exchange Index higher.
The bank closed two cents up on the trading of 35,900 shares and has climbed 12 percent this year to date.
Insurer BF&M Ltd al...
DATE: Jun 15, 2011
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CATEGORY:
Bermuda Stock Exchange
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