3305 results returned for search: "" category "International Business"
Florida has lowered its barriers of entry to Bermuda-based Renaissance Reinsurance Ltd.
The hurricane-prone state has now approved seven reinsurers to have lower collateral requirements, six of them based in Bermuda.
The new rules are based on legisl...
DATE: Jan 05, 2011
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CATEGORY:
International Business
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XL Group plc has hired Kimberly Holmes from Bermuda market rival Endurance Specialty Holdings Ltd to be its senior vice-president of strategic analytics.
The company also announced that its insurance operations arm XL Insurance had named Matthias Hor...
DATE: Jan 05, 2011
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CATEGORY:
International Business
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Bermuda-based re/insurer Everest Re Group Ltd said it bought Heartland Crop Insurance Inc to help it expand into a different area of the insurance industry.
Everest Re, which is mainly a reinsurer, paid $55 million for Heartland, plus an agreed upon...
DATE: Jan 05, 2011
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CATEGORY:
International Business
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The Bermuda Monetary Authority (BMA) needs to attract greater support from the Island itself in order to correct potentially “damaging misconceptions” and be perceived as adding value and serving the interests of the community.
That is the view of Je...
DATE: Jan 04, 2011
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CATEGORY:
International Business
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The contraction of the international business sector is a warning sign that Bermuda must be smarter, better and more competitive to attract new business to the Island.
That is according to George Hutchings, chairman of the Association of Bermuda Inte...
DATE: Jan 04, 2011
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CATEGORY:
International Business
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Bermuda-based reinsurer PartnerRe Ltd today announced that its board of directors has approved a new share repurchase authorisation of up to seven million common shares, effective immediately. This replaces the prior authorisation of seven million co...
DATE: Dec 31, 2010
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CATEGORY:
International Business
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Flagstone Reinsurance Holdings has raised its estimate of losses from the New Zealand earthquake to $75.5 million.
The new number, released last night, is almost 50 percent more than the Luxembourg-based reinsurer’s original $52.5 million estimation....
DATE: Dec 31, 2010
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CATEGORY:
International Business
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Eirik Eide has been appointed as chief financial officer for Bermuda-based Ship Finance Management AS.
Mr Eide, 40, currently serves as head of corporate finance and head of shipping investments in Orkla Finans Kapitalforvaltning AS. He will take up ...
DATE: Dec 30, 2010
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CATEGORY:
International Business
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Ace Ltd has completed its acquisition of Rain and Hail Insurance Service Inc for approximately $1.1 billion in cash, the Swiss-based company announced yesterday.
The purchase price reflects a dollar-for-dollar adjustment as required under the merger ...
DATE: Dec 30, 2010
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CATEGORY:
International Business
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The new Switzerland-based reinsurance company founded by Bermuda-based Catlin Group has been assigned a financial strength rating of A (excellent) by AM Best Europe.
Catlin Re Switzerland Ltd was also given an issuer credit rating (IRA) of “a”.
AM Be...
DATE: Dec 30, 2010
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CATEGORY:
International Business
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