75777 results returned for search: "" category "Business"
FutureProof Technologies, the climate-smart P&C insurtech, has raised $6.5 million in capital led by Axis Digital Ventures, which works across Axis’ underwriting units to develop and grow strategic partnerships with insurtechs and other innovators.
P...
DATE: May 06, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Essent Group Ltd, the mortgage re/insurer based in Bermuda, has reported net income for the first quarter of $274.2 million compared to $135.6 million for the prior year quarter.
The company’s board of directors declared a quarterly cash dividend of ...
DATE: May 06, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Catalina General Insurance Ltd, the Bermudian-domiciled reinsurance company, has entered into an agreement with subsidiaries of QBE Insurance Group Ltd for a loss portfolio transfer of QBE’s legacy North American excess and surplus lines prior accide...
DATE: May 06, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Miami International Holdings Inc, parent company of the Bermuda Stock Exchange, announced that it has confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission relating to the proposed initial ...
DATE: May 06, 2022
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CATEGORY:
International Business
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AUTHOR:
Business Staff
The RG/BSX closed at 2,376.84, unchanged after 8,300 BF&M Ltd shares ($186,750) changed hands, closing unchanged at $22.50. No other stock traded for the day on the Bermuda Stock Exchange.
For the week, the Index was 26.82 points (1.12 per cent) high...
DATE: May 06, 2022
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CATEGORY:
Bermuda Stock Exchange
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Assured Guaranty Ltd, the Bermudian-based holding company, has reported a six-fold increase in net income to $66 million for the first quarter of 2022.
That compares with net income of $11 million in the prior year quarter.
First quarter capital retu...
DATE: May 06, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Coralisle Group Ltd has expanded its Caribbean presence to 14 markets by buying Massy United Insurance Ltd of Barbados
DATE: May 06, 2022
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
A leading local insurance company has confirmed that personal client data was accidentally released to unauthorised recipients, but said it did not include personal health or financial information.
CG Insurance confirmed to The Royal Gazette that an...
DATE: May 06, 2022
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
Butterfield Bank raised its interest rates on loans and selected deposits in response to yesterday’s increase in the US Federal Funds Rate
DATE: May 06, 2022
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CATEGORY:
Banking
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AUTHOR:
Business Staff
A Supreme Court judgment against a Bermuda subsidiary of banking giant Credit Suisse will cost them some $600 million, the bank said in its first-quarter financial report today.
The judgment relates to life insurance policies of a client of Credi...
DATE: May 06, 2022
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CATEGORY:
Banking
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AUTHOR:
Business Staff
