77160 results returned for search: "" category "Business"
Premier Paula Cox believes that the idea that Bermuda is a tax haven with shady dealings and shell companies still exists and she intends to tackle it head on.
After beating the drum for Island business in London yesterday when she addressed almost 3...
DATE: Apr 08, 2011
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CATEGORY:
International Business
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MADRID (Reuters) Spain vowed yesterday it would not follow ailing neighbour Portugal in seeking a European bailout, and a successful Spanish bond auction suggested markets do not immediately fear contagion.
The fall of another euro zone domino follow...
DATE: Apr 08, 2011
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CATEGORY:
Economy
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Argus Group Holdings Ltd traded 2,000 shares on The Bermuda Stock Exchange (BSX) yesterday, but its share price held firm at $4.98.
Keytech Ltd also saw 200 shares change hands, however its share value also remained unchanged at $6.
Overall the Index...
DATE: Apr 08, 2011
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CATEGORY:
Bermuda Stock Exchange
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American Safety Insurance Holdings Ltd. has announced it expects to report pre-tax losses of between $5 million and $7 million from the New Zealand earthquake and other events in the first quarter.
The insurer said that catastrophe losses within the ...
DATE: Apr 08, 2011
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CATEGORY:
Reinsurance
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LONDON (Reuters) - British insurer Amlin said its natural disaster losses in the first quarter could be as high as £275 million ($444.5 million), including a hit of up to £150 million from the Japanese earthquake.
Amlin, the biggest listed insurer op...
DATE: Apr 08, 2011
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CATEGORY:
Reinsurance
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DUBLIN (Bloomberg) Bank of Ireland Plc and its ICB Building Society unit will increase rates on fixed-rate mortgages of between 0.7 percent and 1.3 percent, according to a company spokeswoman.
The move follows the European Central Bank’s decision tod...
DATE: Apr 08, 2011
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CATEGORY:
Economy
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Hardy Underwriting Bermuda Ltd has estimated a total net loss of between £9 million and £12 million from last month’s Japanese earthquake and tsunami.
The Bermuda-based re/insurer said the losses would come from its property treaty portfolio and pred...
DATE: Apr 07, 2011
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CATEGORY:
Reinsurance
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Ace Ltd has announced the completion of its acquisition of New York Life’s Hong Kong operations for approximately $350 million in cash.
The original October 2010 purchase agreement with New York Life was amended to allow for separate closings for th...
DATE: Apr 07, 2011
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CATEGORY:
Reinsurance
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Making the best first impression will be the focus for a series of seminars held at the Bermuda Chamber of Commerce later this month.
The two half-day seminars for administrative professionals, office receptionists, hotel front desk personnel, salon/...
DATE: Apr 07, 2011
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CATEGORY:
Other
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Aspen US Insurance has announced the addition of two new members to subsidiary Aspen Specialty’s US surety team.
James Mercier, senior vice-president, associate general counsel and claims, surety and Scott Sadowsky, senior vice-president, finance and...
DATE: Apr 07, 2011
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CATEGORY:
Reinsurance
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