77160 results returned for search: "" category "Business"
Hardy Underwriting (Bermuda) Ltd.’s 2010 profits halved to £10 million as claims from catastrophes took their toll.
The company, which redomiciled to Bermuda from the UK in 2008 and which has a reinsurance underwriting unit on the Island, wrote more ...
DATE: Mar 07, 2011
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CATEGORY:
International Business
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RenaissanceRe Holdings Ltd. has completed the approximately $275 million sale of its US-based admitted insurance operations to QBE Holdings, Inc.
The Bermuda reinsurer said late on Friday that the deal, which was announced last November, had been co...
DATE: Mar 07, 2011
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CATEGORY:
Reinsurance
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LONDON (Bloomberg) - HSBC Holdings plc., Europe’s biggest bank, prefers to keep its headquarters in London and said reports of an “imminent change” are speculative, Chairman Douglas Flint and CEO Stuart Gulliver said.
The Sunday Telegraph reported ye...
DATE: Mar 07, 2011
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CATEGORY:
International Business
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Ignition Bermuda Ltd is expanding and looking to hire information technology (IT) professionals as it strives to keep up with rising demand for outsourcing services.
The company which has 87 staff based in four countries, has 22 employees in Bermuda ...
DATE: Mar 07, 2011
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CATEGORY:
International Business
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Butterfield Bank shares rounded off a topsy-turvy week of trading on a positive note, rising 7.4 percent on the Bermuda Stock Exchange (BSX) yesterday.
The bank shot up nine cents to $1.30, on the trading of 11,900 shares at the end of a week in whic...
DATE: Mar 05, 2011
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CATEGORY:
Bermuda Stock Exchange
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Allied World Bermuda has become the eighth Island reinsurer to win approval from the state of Florida for reduced collateral requirements.
The company, a unit of Switzerland-based Allied World Assurance Company Holdings, AG announced the news yesterd...
DATE: Mar 04, 2011
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CATEGORY:
Reinsurance
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LONDON (Bloomberg) The surge in Portuguese five-year note yields to record levels is adding to pressure on euro-area policy makers to resolve the region’s sovereign-debt crisis.
The yield on the securities has climbed 49 basis points to 7.33 percent ...
DATE: Mar 04, 2011
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CATEGORY:
Other
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HSBC Bermuda's net pre-tax profit rose 15 percent to $254 million in 2010, boosted by a one-off gain from the sale of a subsidiary.
Underlying profit - which strips out the $31 million booked from the transfer of HSBC Insurance (Bermuda) Ltd to anoth...
DATE: Mar 04, 2011
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CATEGORY:
Economy
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Construction is beginning on a $7 million commercial warehouse at Industrial Park Road, Southampton bucking the trend of the crisis-hit industry in which hundreds of workers remain unemployed.
National Ltd whose vice-president is former Police Commis...
DATE: Mar 04, 2011
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CATEGORY:
Other
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AUTHOR:
Tim Smith
NEW YORK (AP) A federal appeals panel reviewing a compensation plan for former clients of disgraced financier Bernard Madoff cast doubt on claims by the embattled owners of the New York Mets and other investors that they have a right to keep millions...
DATE: Mar 04, 2011
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CATEGORY:
Economy
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