3516 results returned for search: "" category ("International Business" AND "Business")
White Mountains Solutions Holding Company, a wholly owned subsidiary of Bermuda-based White Mountains Insurance Group Ltd. and the group’s specialist runoff acquisition operation, announced yesterday it has agreed to buy Empire Insurance Co. from Leu...
DATE: Feb 22, 2013
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CATEGORY:
International Business
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RenaissanceRe Holdings Ltd is to increase the quarterly dividend to $0.28 per common share, from $0.27.
The increase was voted on by the company’s board of directors and will be payable on March 28 to shareholders of record on March 15 2013. The comp...
DATE: Feb 21, 2013
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CATEGORY:
International Business
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Endurance Specialty Holdings has named Jerome Faure as the new chief executive officer of the company’s global reinsurance unit.
Mr Faure joins the Bermuda-based property and casualty insurer from Don Kramer’s start-up fund manager, ILS Capital Mana...
DATE: Feb 21, 2013
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CATEGORY:
International Business
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Bermuda-based re/insurer Maiden Holdings Ltd last night reported a loss for its fourth quarter as it dealt with claims from Superstorm Sandy.
The company posted a net loss of $10.3 million, or14 cents per diluted common share, compared with net inco...
DATE: Feb 21, 2013
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CATEGORY:
International Business
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Former Swiss Re group chief underwriting officer Brian Gray is to become a director of RenaissanceRe Holdings Ltd, replacing Thomas Cooper who is retiring from the board.
The switch is expected to occur in May when the company holds its annual meetin...
DATE: Feb 21, 2013
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CATEGORY:
International Business
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AUTHOR:
Scott Neil
A controversial media artist from Italy has warned he intends to target companies registered in Bermuda as part of “a service to democratise offshore business for people who don’t want to pay for their riches”.
Paulo Cirio is already selling fake cer...
DATE: Feb 21, 2013
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CATEGORY:
International Business
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AUTHOR:
Scott Neil
A major insurance company based in the Middle East intends to expand its reinsurance operations into Bermuda.
Qatar Insurance Company has embarked on a five-year plan, which includes setting up operations for its reinsurance arm in Bermuda and Zurich...
DATE: Feb 21, 2013
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CATEGORY:
International Business
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AUTHOR:
Scott Neil
XL Group’s reinsurance operations are expanding their footprint in the US with the opening of offices in Philadelphia and Dallas, Texas.
The office will be led by Dean Wolfe who was recently promoted to western regional manager of XL's newly created ...
DATE: Feb 20, 2013
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CATEGORY:
International Business
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Bermuda’s growing hedge fund reinsurance sector comes under a negative spotlight in the following article by Bloomberg News. The article accuses wealthy hedge fund manager John Paulson of leading funds to what it terms a "Bermuda tax dodge aiding bil...
DATE: Feb 20, 2013
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CATEGORY:
International Business
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The Bermuda Monetary Authority (BMA) has announced it is taking another step forward in its review and administrative procedures for company or partnership formations.
Specifically, the BMA says there will be a refinement to the beneficial owner inf...
DATE: Feb 19, 2013
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CATEGORY:
International Business
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