76378 results returned for search: "" category "Business"
Premier Paula Cox will be the guest speaker at Business Bermuda’s annual general meeting next month.
The event, which will be held at the Fairmont Hamilton Princess on Thursday, March 3, between 12pm and 3pm, has ‘A Gobal View’ theme and will focus o...
DATE: Feb 04, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) - Allied World Assurance Company Holdings AG, the insurer whose co-founders include American International Group Inc. and Chubb Corp., repurchased a warrant from AIG for $53.6 million. Allied World rose to a four-and-a-half year ...
DATE: Feb 04, 2011
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CATEGORY:
Reinsurance
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MADRID (Bloomberg) Pernod Ricard SA, the world’s second- biggest liquor maker, said it won a Spanish Supreme Court ruling in its decades-long battle with Bermuda-based Bacardi Ltd. over the rights to use the Havana Club name on rum within the country...
DATE: Feb 04, 2011
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CATEGORY:
International Business
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Bermuda is well positioned to take on the next wave of business that comes to its shores, according to a top lawyer.
In an interview with The Royal Gazette, Tim Faries, partner at Appleby (Bermuda), who specialises in insurance, said the Island has a...
DATE: Feb 04, 2011
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CATEGORY:
Other
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International business faces a challenging year ahead in an increasingly soft market with downward pressure on insurance rates and a tough investment environment offering minimal returns.
That is according to industry experts who said that a number o...
DATE: Feb 04, 2011
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CATEGORY:
Reinsurance
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Ace Ltd estimates the Australian floods will cost it between $75 million and $90 million.
The range was revealed by the insurer's chairman and chief executive officer Evan Greenberg in a conference call yesterday, following the company's announcement...
DATE: Feb 04, 2011
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CATEGORY:
Reinsurance
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The property and casualty insurance industry faces a “slow, painful haemorrhaging of capital” - unless a huge catastrophe turns the market.
That is the view of industry analysts Advisen, who published a report yesterday which suggested the industry w...
DATE: Feb 03, 2011
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CATEGORY:
Reinsurance
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BF&M Ltd. fell five percent (75 cents) to $14.25 on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 400 shares during the day.
Butterfield Bank also declined 0.76 percent (one cent) to $1.29, with 2,300 shares changing hands.
Overall, ...
DATE: Feb 03, 2011
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CATEGORY:
Bermuda Stock Exchange
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MUNICH (Bloomberg) Hannover Re, the world’s third-biggest reinsurer, confirmed its profit forecast for this year after negotiating better-than-expected rates with clients in the January round of renewals.
“For 2011 we see sufficient opportunities for...
DATE: Feb 03, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) Ace Ltd last night said fourth-quarter profit rose five percent on improved returns from investments and a rise in policy sales.
Net income advanced to $1 billion, or $2.92 a share, from $953 million, or $2.81, a year earlier, th...
DATE: Feb 03, 2011
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CATEGORY:
Reinsurance
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