76413 results returned for search: "" category "Business"
It was a slow start to the year for newly-incorporated insurance and reinsurance companies in Bermuda, with only four setting up during the month of January. Among the main ones were the two new Class 3 companies, Jericho Financial Guaranty Re. Ltd.,...
DATE: Feb 25, 2008
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NEW YORK (Bloomberg) — The dollar fell to a three-week low against the euro on speculation the Federal Reserve will cut borrowing costs next month to avert a recession.
The US currency declined for a second straight week against the euro after a repo...
DATE: Feb 25, 2008
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) closed up for the week at 5,142.40.
Belco was the only company to benefit from trading on Friday, with the utilities company seeing its share price rise 25 cents (1.2 percent) to close at $21.25, w...
DATE: Feb 25, 2008
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LONDON (Reuters) - Bermuda-based insurer Catlin Group Limited said on Friday it has issued a catastrophe bond that provides up to $150 million in cover against natural disasters.
The bond, which runs until the end of 2010, protects the London-listed ...
DATE: Feb 25, 2008
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There is a lot more out there for Bermudians than just career opportunities in insurance.
That is the message Air Care Ltd. is trying to get out as it steps up its recruitment drive in a bid to take on and add more local talent to its ranks. For, the...
DATE: Feb 25, 2008
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NEW YORK (Bloomberg) — Aon Corp., the second-largest insurance broker, agreed to acquire "substantially all" of a US and UK reinsurance brokerage from Arthur J. Gallagher & Co.
The agreement includes an initial payment of about $30 million and additi...
DATE: Feb 25, 2008
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Bermuda's auto dealers say the hike in car duties outlined in this year's Budget will impact most on lower-income customers and the change has left distributors to seriously consider the way they will operate in the future.
In a statement put out by ...
DATE: Feb 25, 2008
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Bermuda-based Advent Re contributed £4.9 million ($9.6 million) in full-year 2007 profits to British parent company Advent Capital, whose net income rose 10 percent to £25.2 million.
Advent's reinsurance arm also produced £6 million of Advent Capital...
DATE: Feb 25, 2008
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The 2008 Budget will have no real impact on Bermuda's property market.
That is the view of Buddy Rego, chairman of the real estate division of the Chamber of Commerce, and president of Rego Sotherby's, who reckons the one-percent increase in stamp du...
DATE: Feb 25, 2008
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It is annual pension review time again. The Bermuda National Pension scheme structure, implemented almost nine years due to the endeavours of the dedicated group of volunteers, professionals and politicians in Bermuda, still exists and is growing.
Th...
DATE: Feb 23, 2008
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