76472 results returned for search: "" category "Business"
Amlin Bermuda Ltd., one of ten major insurance companies recently to set up in Bermuda, was yesterday the first in the so-called ?Class of 2005? to win a financial strength rating from leading ratings firm Standard & Poor?s.
Amlin, formed by its name...
DATE: Dec 23, 2005
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The liquidators for bankrupt Bermuda-based LaSalle Re Holdings Limited have been ?unable to take a position? on a tender offer to buy 1.5 million preferred shares or 50 percent of the outstanding preferred shares of the company at a price of $1 each....
DATE: Dec 23, 2005
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A new venture is being established on the Island, bringing to the Bermuda market a proprietary product that can help companies insure against losses that fall outside the coverage of a traditional insurance contract.
The product, called Transurance, ...
DATE: Dec 23, 2005
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The Royal Gazette/Bermuda Stock Exchange index closed unchanged at 3,882.76 yesterday with only Butterfield Bank shares changing hands.
Butterfield closed at $46.60 as 4,150 shares sold as the stock exchange's 64 other shares showed no movement.
DATE: Dec 23, 2005
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A.M. Best Co. has removed from under review and affirmed the financial strength rating of A- and issuer credit ratings ?a-? for the reinsurance subsidiaries of the PXRE Group Ltd.
Best also removed from under review and affirmed the issuer credit rat...
DATE: Dec 23, 2005
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Max Re Capital has announced the hiring of as senior vice president and North American treaty underwriter. Mr. Winn, an associate of the Chartered Institute of Insurance, has more than 15years experience managing property catastrophe reinsurance acc...
DATE: Dec 23, 2005
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Some of the Island?s insurers ? including giant ACE Limited ? are now requiring staff to give three months notice when leaving the company, in a bid to stem the flow of departures to a crop of new competitors currently entering the Bermuda market.
It...
DATE: Dec 22, 2005
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PXRE Group Ltd. has secured $250 million of new risk capital from a Cayman Island reinsurance company to provide coverage for second event losses arising from hurricanes in the Eastern and Gulf coasts of the United States, windstorms in northern Euro...
DATE: Dec 22, 2005
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The Royal Gazette/Bermuda Stock Exchange Index fell 2.41 points to 3,882.76 yesterday with Butterfield Bank being the only advancer on the day, closing at $46.60 on a volume of 7,650, up $0.05 from Tuesday.
Closing unchanged was Key Tech as 1,000 sol...
DATE: Dec 22, 2005
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Almost 13 percent more Bermuda currency and notes will be in circulation this holiday period compared to the same period in 2004, according to figures released by the Bermuda Monetary Authority yesterday.
During the 2005 holiday period $113.6 million...
DATE: Dec 22, 2005
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