3377 results returned for search: "" category ("International Business" AND "Business")
There are many good reasons why there should be more mergers and acquisitions (M&A) in the Bermuda insurance market - but don’t expect to see a wave of consolidation.
That was the consensus view of a CEO panel at the Ernst & Young Property/Casualty Y...
DATE: Dec 14, 2010
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CATEGORY:
International Business
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A planned increase in regulatory fees for insurance companies by the Bermuda Monetary Authority (BMA) would have a “detrimental impact” on Bermuda's competitiveness as a domicile.
That is according to the Bermuda Insurance Management Association (BI...
DATE: Dec 14, 2010
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CATEGORY:
International Business
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Bermuda-based Meridian Global Fund Services Group has announced the implementation of a managed hosting solution which moves its core IT infrastructure and data into a secure cloud environment.
The fund administrator has partnered with 6fusion, a clo...
DATE: Dec 14, 2010
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CATEGORY:
International Business
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Bermuda-based energy industry mutual insurer Oil Insurance Ltd (OIL) announced on Friday that Standard and Poor’s has affirmed OIL’s financial rating of A- (strong) with a stable outlook.
The affirmation is based on OIL’s very strong claims-paying re...
DATE: Dec 13, 2010
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CATEGORY:
International Business
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Ace Ltd’s Bermuda operations have had their financial strength and counterparty credit ratings raised to AA- (very strong) by Standard & Poor’s.
The ratings agency announced on Friday that Ace’s core Bermuda, European and North American operating ins...
DATE: Dec 13, 2010
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CATEGORY:
International Business
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Fitch Ratings has affirmed the core entities of the Bermuda-based Hiscox Group’s insurer financial strength (IFS) ratings at A, with a stable outlook.
Fitch said the affirmation reflects Hiscox’s “strong financial profile, underpinned by a stable lev...
DATE: Dec 13, 2010
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CATEGORY:
International Business
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NEW YORK (Reuters) - Bailed-out insurer American International Group Inc took another step in its restructuring last week, but it is only noticeable to those looking closely: it put the company’s logo back on employee identification cards.
After its ...
DATE: Dec 13, 2010
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CATEGORY:
International Business
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Fitch Ratings has affirmed the A- insurer financial strength (IFS) rating of Montpelier Reinsurance Ltd., the principal (re)insurance operating subsidiary of Montpelier Re Holdings Ltd, and has revised the rating outlook to positive from stable.
The...
DATE: Dec 13, 2010
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CATEGORY:
International Business
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Insurers will have to provide more financial information in their yearly reports under regulations approved by the House of Assembly yesterday.
Category 3B and E insurance companies are affected by the Insurance Accounts Amendment (Number 2) Regulati...
DATE: Dec 11, 2010
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CATEGORY:
International Business
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AUTHOR:
Tim Smith
The Association of British Insurers said yesterday that the UK government must be careful in detailing its proposed changes in the taxation of foreign branches of UK companies, warning that the changes may not put into effect its desired outcome, acc...
DATE: Dec 10, 2010
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CATEGORY:
International Business
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