76480 results returned for search: "" category "Business"
Bermudian insurer and reinsurer Alea has been plunged into crisis by the downgrade of its financial strength rating to BBB+ from A-.
The downgrade throws the company?s future into doubt. One option would be for Alea to find a buyer but in the wake of...
DATE: Sep 12, 2005
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Hurricane Katrina and its effect on reinsurance rates will be the biggest talking point at this year?s Monte Carlo Rendez- Vous, according to a survey of delegates conducted by Reactions Magazine.
Respondents overwhelmingly indicated that the biggest...
DATE: Sep 12, 2005
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Draft legislation has been produced that is intended to improve the quality of Bermuda's financial service providers and raise the level of protection for investors.
Once enacted the Collective Investment Schemes Act 2005 ("CISA 2005") will require t...
DATE: Sep 12, 2005
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New reinsurer Rockridge Re may seek to raise additional capital to make the most of a surge in demand for high-layer catastrophe reinsurance in the wake of Hurricane Katrina.
Hedge fund manager West End Capital Management, a Bermuda company, and Berm...
DATE: Sep 12, 2005
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French reinsurance executive Jean-Marie Nessi will leave Bermuda-based reinsurer PartnerRe in January to start a new reinsurance company.
The new company, to be called Catalyst Re, is to specialise in run-off companies ? reinsurers that are no longer...
DATE: Sep 12, 2005
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The Royal Gazette will be carrying coverage from the annual reinsurance conference in Monte Carlo ? Les Rendez-Vous de Septembre ? courtesy of Reactions, the financial magazine for the global insurance market.The conference is a must-attend event for...
DATE: Sep 12, 2005
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Bermuda?s rate of inflation continued to rise in July with prices an average of 2.8 percent higher than a year ago, according to figures released by the Department of Statistics.
The Consumer Price Index, which is used in Bermuda as a key economic in...
DATE: Sep 12, 2005
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The Royal Gazette/Bermuda Stock Exchange Index fell 7.289 points last week after a mixed bag of trading ? with two companies gaining and two companies losing over the week.
Bermuda Aviation Services and KeyTech lost seven and four percent, respective...
DATE: Sep 12, 2005
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(Bloomberg) ? Munich Re and Swiss Reinsurance Co., the world?s largest reinsurers, may lead an increase in premium rates for catastrophe coverage after Hurricane Katrina caused an estimated $35 billion in insured losses.
Reinsurers, which help insure...
DATE: Sep 12, 2005
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Catastrophe models are coming under fire following Hurricane Katrina, with some fearing that many initial insured loss estimates generated by the models will be inaccurate.
Stephen Way, chairman and chief executive officer of HCC Insurance Holdings, ...
DATE: Sep 12, 2005
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