3470 results returned for search: "" category ("International Business" AND "Business")
PartnerRe yesterday more than doubled its estimate of losses relating to the New Zealand earthquake to between $140 million and $160 million.
The 7.4-magnitude quake rocked the South Island on September 3 this year and caused widespread damage in and...
DATE: Dec 15, 2010
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CATEGORY:
International Business
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At the end of this year, Patrick Thiele will retire after a decade as chief executive officer of PartnerRe.
As he prepares to leave Bermuda to settle down to a quieter life with his family in his native American Midwest, his legacy to the Island exis...
DATE: Dec 15, 2010
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CATEGORY:
International Business
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Bermuda-based Ram Holdings Ltd. returned to profit in the second quarter of 2010, posting a net income of $26.3 million $1 per share versus a net loss of $4.6 million or 17 cents per share for the same period in 2009.
Ram CEO David Steel said: “Our s...
DATE: Dec 15, 2010
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CATEGORY:
International Business
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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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