77160 results returned for search: "" category "Business"
TOKYO (Reuters) - Japan counted the financial cost of its worst catastrophe since World War Two as the economy shuddered, prompting the central bank to line up a record $183 billion in funds yesterday to stabilise the banking system.
Markets swooned ...
DATE: Mar 15, 2011
|
CATEGORY:
Reinsurance
|
Montpelier Re Holdings Ltd today preliminary loss estimates totalling $90 million from catastrophes in New Zealand and Australia this year and has started the process of counting the cost of last Friday’s earthquake and tsunami in Japan.
The Bermuda-...
DATE: Mar 15, 2011
|
CATEGORY:
Reinsurance
|
Bermuda has been overtaken by Vermont to lose its long-held position as the world's leading captive domicile, according to The Captive Review magazine.
But that assessment - derived from a weighting system based on captive numbers, premium and assets...
DATE: Mar 15, 2011
|
CATEGORY:
Reinsurance
|
The Bermuda Stock Exchange (BSX) announced the voluntary de-listing of the Karlholt Pty Ltd., in accordance with a shareholder vote filed in December last year.
The de-listing was granted under the BSX listing regulations and was effective from Frida...
DATE: Mar 14, 2011
|
CATEGORY:
International Business
|
As Bermuda’s insurers prepare for some hefty claims from the massive earthquake and devastating tsunami that hit Japan on Friday, catastrophe modeller Eqecat said economic losses could top $100 billion.
Insured losses could be as high as $35 billion,...
DATE: Mar 14, 2011
|
CATEGORY:
Reinsurance
|
LONDON (Reuters) - Eight catastrophe bond transactions totalling over a $1 billion could leave financial investors exposed to insured losses after a huge earthquake struck the northeast coast of Japan on Friday, triggering a 10-metre high tsunami.
Ca...
DATE: Mar 14, 2011
|
CATEGORY:
Reinsurance
|
NEW YORK (Reuters) - A man who admitted taking money from Galleon hedge fund founder Raj Rajaratnam in exchange for inside information said the funds were funnelled back to a Galleon account in Bermuda.
Former McKinsey & Co partner Anil Kumar admitte...
DATE: Mar 14, 2011
|
CATEGORY:
International Business
|
NEW YORK(Reuters) - American International Group’s bid to take back $15.7 billion in risky mortgage bonds may inject fresh confidence in a market where investors had started to question a nearly two-year rally.
AIG said it made the offer to the Feder...
DATE: Mar 14, 2011
|
CATEGORY:
Reinsurance
|
Two insurance companies set up in Bermuda during February bringing the total number formed this year to three.
Signal Risk Insurance Ltd was incorporated by Aon Insurance Manager (Bermuda) Ltd. on February 10.
Haverford (Bermuda) Ltd, a 3A class insu...
DATE: Mar 14, 2011
|
CATEGORY:
Economy
|
A delegation of 20 regulators, captive managers, brokers, lawyers and accountants will be flying the flag for Bermuda at the Captive Insurance Companies Association 2011 International Conference held in Tucson, Arizona this week.
Shelby Weldon, direc...
DATE: Mar 14, 2011
|
CATEGORY:
Reinsurance
|
