3118 results returned for search: "" category ("International Business" AND "Business")
The reinsurance industry may attract about $100 billion of new capital from alternative sources over the next five years as pension and hedge funds boost investment, according to broker Aon Plc.
And competition from third-party capital could be as si...
DATE: Sep 10, 2013
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CATEGORY:
International Business
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Bermuda-based Enstar Group, along with affiliates of Stone Point Capital of Connecticut, have completed their previously announced acquisition of Arden Reinsurance.
They acquired Arden Reinsurance in a transaction valued at nearly $79.6 million.
Aro...
DATE: Sep 10, 2013
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CATEGORY:
International Business
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Brit Group, a global specialty re/insurer, has announced that it is looking to expand its distribution network by opening a branch office in Bermuda.
The move is subject to final regulatory approval from the Bermuda Monetary Authority and Lloyd’s, s...
DATE: Sep 09, 2013
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CATEGORY:
International Business
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Bermuda’s Montpelier Reinsurance has announced the launch of the Montpelier Risk Institute (MRI).
The partnership with research institutions will target new methods for quantifying risk.
The re/insurer said in a statement that the virtual risk instit...
DATE: Sep 09, 2013
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CATEGORY:
International Business
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Bermuda-based Lancashire Holdings has announced that its shareholders have voted through its proposal to acquire Cathedral Capital, a privately owned Lloyd’s insurer.
Lancashire’s investors last Thursday voted more than 99 percent in favour of its 26...
DATE: Sep 09, 2013
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CATEGORY:
International Business
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The growth spurt is being fuelled by a recovery in the TCI’s tourism and construction sectors with spillovers into the wholesale and retail sectors.
In contrast, the latest projections by the Bermuda Government are for flat to negative 0.75 percent ...
DATE: Sep 06, 2013
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CATEGORY:
International Business
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The reinsurers, which has offices in Bermuda, said for the six months ended June 30, post-tax profit was £42 million compared to £33 million in 2012.
Gross written premiums were £527 million compared to £343 million in 2012.
The company’s combined ra...
DATE: Sep 06, 2013
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CATEGORY:
International Business
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Tower Group underwrites re/insurance in Bermuda, the US and London markets, and holds an 11 percent stake in re/insurer Canopius.
“The Complaint alleges that during the Class Period defendants issued false and misleading statements or failed to discl...
DATE: Sep 06, 2013
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CATEGORY:
International Business
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Bermuda experienced a 20 percent increase in the number of merger and acquisition deals in the second quarter of 2013 when compared to the same quarter one year ago, according to a new report released by Appleby.
In a healthy second quarter, Bermuda ...
DATE: Sep 05, 2013
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CATEGORY:
International Business
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Appleby has announced the appointment of two new senior associates: Ashley Fife based in Bermuda and Robert Lindley based in the Cayman Islands, and associate Alexa Collis based in Guernsey.
Mr Fife joins the Private Client and Trusts practice in App...
DATE: Sep 05, 2013
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CATEGORY:
International Business
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