3082 results returned for search: "" category "International Business"
Two re/insurance companies were incorporated in Bermuda during November, bringing the total for the year to 30, according to the latest statisticws from the Bermuda Monetary Authority (BMA).
The BMA Monthly Registration Statistics for November reveal...
DATE: Dec 21, 2010
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CATEGORY:
International Business
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American International Group’s (AIG) property/casualty and life/health subsidiaries’ financial strength ratings (FSR) and issuer credit ratings (ICR) have been affirmed by AM Best Co.
Best has affirmed the ICR of “bbb” of AIG. The outlook for all rat...
DATE: Dec 21, 2010
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CATEGORY:
International Business
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Bermuda-based Seadrill Ltd. has announced that the holders of approximately $340,000,000 of its convertible bonds due in 2012 and approximately $400,000,000 in convertible bonds due 2014 have submitted their acceptances of the voluntary conversion of...
DATE: Dec 20, 2010
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CATEGORY:
International Business
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Bermuda corporation Small Island Investments Ltd. has closed a deal to buy 4.2 million shares worth $2.1 million from Good Times Restaurants Inc. following shareholder approval of the transaction, it was announced on Friday.
Good Times Restaurants ha...
DATE: Dec 20, 2010
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CATEGORY:
International Business
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AM Best Europe - Rating Services Ltd. has affirmed the financial strength rating of A (excellent) and issuer credit rating of “a” of Amlin AG (Switzerland).
The outlook for both ratings is stable.
In October 2010, Amlin plc., the holding company of t...
DATE: Dec 20, 2010
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CATEGORY:
International Business
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Bermuda-based re/insurer Aspen Insurance Holdings Ltd yesterday has more than doubled its estimated losses from September’s earthquake in New Zealand.
Based on new information Aspen said yesterday that the earthquake, which caused widespread damage o...
DATE: Dec 17, 2010
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CATEGORY:
International Business
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Ironshore Specialty Casualty, a unit of Bermuda-based Ironshore Inc, has boosted capacity for its public entity product and will increase available limits from $10 million to $25 million.
The capacity may be deployed on a retained limit, excess or re...
DATE: Dec 17, 2010
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CATEGORY:
International Business
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The Senate passed measures to give the Bermuda Monetary Authority more oversight of fund administration companies.
The amendments to the Investment Fund Act were passed without any objection from the Opposition yesterday.
Junior Finance Minister Davi...
DATE: Dec 16, 2010
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CATEGORY:
International Business
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XL Group plc has hired Fielding (Fid) Norton III from Bermuda-based rival Ironshore to enhance the firm's enterprise risk management.
Mr Norton, who was chief risk officer at Ironshore from the company's inception in 2007, will be XL's deputy chief e...
DATE: Dec 16, 2010
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CATEGORY:
International Business
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Bermuda-based reinsurer Everest Re Group Ltd has announced that it has entered into discussions with Heartland Crop Insurance Inc about the potential acquisition of the Kansas-based company by Everest Reinsurance Holdings Inc, or one of its affiliate...
DATE: Dec 16, 2010
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CATEGORY:
International Business
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