3259 results returned for search: "" category "International Business"
@$:Profits at HSBC Bank Bermuda shrank by $132 million during 2012, hit largely by a deterioration in the value of loans in North America.
The bank‘s net income for the past year was $20 million. However, its consolidated income remained relatively ...
DATE: Mar 04, 2013
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CATEGORY:
International Business
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AUTHOR:
Scott Neil
The new Bermuda Business Development Corporation (BBDC) is casting its net far and wide to land its new chief executive officer.
The new group, which will formally come into existence on April 1, is the amalgamation of Business Bermuda and the Insura...
DATE: Mar 01, 2013
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CATEGORY:
International Business
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Shareholders of both US insurer Markel Corporation and Bermuda-based insurer and reinsurer Alterra Capital Holdings Limited have voted in favour of the $2.98 billion acquisition agreed to by the two boards.
The companies did not provide figures on th...
DATE: Feb 27, 2013
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CATEGORY:
International Business
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The former head of reinsurance at Endurance in London and chief executive officer of Novae Re has been appointed CEO of Q-Re, the Doha-based reinsurance company that intends to set up operations in Bermuda later this year.
Gunther Saacke took up his ...
DATE: Feb 27, 2013
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CATEGORY:
International Business
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AUTHOR:
Scott Neil
The new chairman of Bermuda-based insurer Hiscox Ltd., Robert Childs, described the company’s 2012 financial results as “a very good year”, which could be a gross understatement after the company reported its profits surged more than 12-fold over 201...
DATE: Feb 26, 2013
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CATEGORY:
International Business
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Bermuda-based reinsurer Montpelier Re Holdings Ltd. has announced its deputy chairman, executive vice president and chief operating officer Tom Busher will retire at the end of this year.
Mr Busher was a member of the original management team that fo...
DATE: Feb 26, 2013
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CATEGORY:
International Business
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Global specialty insurer and reinsurer Lancashire Holdings Ltd. is launching a new capital management brand, Lancashire Capital Management, as it seeks to benefit from opportunities in the third-party capital market.
The new unit will be headed by La...
DATE: Feb 26, 2013
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CATEGORY:
International Business
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It’s been rumoured for a couple of months now, but according to The Financial Times, it’s a done deal — Goldman Sachs has sold off a 75 percent stake in Bermuda-based Ariel Re.
The Wall Street investment bank only bought Ariel’s insurance and reinsur...
DATE: Feb 26, 2013
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CATEGORY:
International Business
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NEW YORK (Bloomberg) — American International Group Inc. plans to rebuild life-insurance sales outside the US after divesting operations in Asia and Europe to help repay a taxpayer bailout, chief executive officer Robert Benmosche said.
“We’re going ...
DATE: Feb 25, 2013
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CATEGORY:
International Business
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Lloyd’s of London insurers including American International Group Inc.’s Ascot Underwriting are facing claims on the theft of $50 million in diamonds from a Brussels airport, Bloomberg News reported yesterday, citing people with knowledge of the poli...
DATE: Feb 22, 2013
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CATEGORY:
International Business
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