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The Royal Gazette/Bermuda Stock Exchange Index picked up slightly yesterday on the back of rising Butterfield Bank shares.
A total of 3,600 of the Bank's shares changed hands as the issue closed up 25 cents at $56.50.
The only other mover in a quiet ...
DATE: Jan 04, 2007
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NEW YORK (Bloomberg) — US reinsurance prices that surged after Hurricane Katrina are down from their peak in 2006, according to two insurance executives.Insurers who renewed reinsurance contracts for disaster-prone properties on January 1 paid slight...
DATE: Jan 04, 2007
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Booming domestic trading volumes, a composite index that has risen by 25 percent and an influx of new investment vehicles were the highlights of a year of spectacular success for the Bermuda Stock Exchange (BSX) in 2006.
A statement released yesterda...
DATE: Jan 04, 2007
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Insurers who renewed reinsurance contracts for disaster-prone properties on January 1 paid slightly less than those who renewed similar ?cat? contracts in July 2006, said David Cash, chief underwriting officer at Bermuda reinsurer Endurance Specialty...
DATE: Jan 04, 2007
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New Bermuda-based company Paris Re has entered into a quota-share reinsurance agreement with Triomphe Re Ltd.
Under the terms of the deal, Paris Re, which was incorporated on November 7 last year, will cede 24 percent of its property catastrophe exce...
DATE: Jan 04, 2007
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Booming domestic trading volumes, a composite index that has risen by 25 percent and an influx of new investment vehicles were the highlights of a year of spectacular success for the Bermuda Stock Exchange (BSX) in 2006.
A statement released yesterda...
DATE: Jan 04, 2007
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The British invasion into the Bermuda reinsurance market goes on.
Lloyd's of London reinsurer Advent Capital Holdings announced yesterday that the Bermuda Monetary Authority had issued a class 3 reinsurer licence to its Bermuda-based subsidiary Adven...
DATE: Jan 04, 2007
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Bermuda-based Castlewood Holdings has bought reinsurance writer Inter-Ocean Holdings Ltd. in a deal worth $57 million.
Inter-Ocean owns two reinsurers, one based in Bermuda the other in Ireland, both of which are in run-off.
Castlewood, which special...
DATE: Jan 04, 2007
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Butterfield Bank (NTB BH) has advised the Bermuda Stock Exchange (BSX) that in December 2006 Butterfield Bank bought back and cancelled 15,359 at an average price of $56.06 of its own shares under the share repurchase programme announced on January 5...
DATE: Jan 04, 2007
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The Royal Gazette/Bermuda Stock Exchange (BSX) Index fell by 0.32 percent yesterday as three issues saw their share price take a knock.
The biggest faller was West Hamilton Ltd., which fell $10 (16.7 percent) to close at $50 a share after 400 shares ...
DATE: Jan 04, 2007
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