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The Royal Gazette/Bermuda Stock Exchange Index gained 10.85 points yesterday to close at 4,375.46.
On a moderate day of trading Belco Holdings was the only issue to advance, gaining $2.25 to close at $39.75 as investors traded in 1,100 shares.
Butter...
DATE: Mar 14, 2006
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Flagstone Re, a new Bermuda reinsurer formed by hedge fund company West End Capital, will profit from the group?s in-house capital markets expertise, say management, as convergence between financial and insurance markets accelerates.
?The capital mar...
DATE: Mar 14, 2006
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(Bloomberg) ? Hiscox Plc, a Lloyd?s of London insurer, reported a second-half loss on damages from Hurricanes Katrina and Rita in the US.
The insurer said it made a ?12.5 million loss ($21.6 million) compared with a profit of ?20.6 million in the yea...
DATE: Mar 14, 2006
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NEW YORK (Bloomberg) ? US insurance regulators on Friday agreed to study how a warming climate might affect the industry and its customers, a decision that reflects increasing concern among insurers about potential future losses due to extreme weathe...
DATE: Mar 13, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 102.110 points last week to close at 4,364.61.
During an active week of trading no issues made any gains. Belco Holdings led the declines, losing $2.40 to close at $37.50 as investors traded in 7,57...
DATE: Mar 13, 2006
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Bermuda can claim to be home to two of the world?s billionaires, according to the latest list of the world?s billionaires published by Forbes. There are however a number of other billionaires on the list who either reside on the Island part-time or h...
DATE: Mar 13, 2006
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Work Permit Term Limits Seminars
The following organisations are sponsoring seminars on Government's policy on term limits for work permit holders, which are due t come into effect in 2007:
Bermuda Human Resource Association: March 13 at 9.30 a.m.
Be...
DATE: Mar 13, 2006
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BEIJING (Bloomberg) ? China?s insurance market may grow annually at 15 percent as economic expansion boosts income and prompts more sales, Zhou Yanli, vice chairman of China Insurance Regulatory Commission, said on Saturday.
And foreign insurers and ...
DATE: Mar 13, 2006
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Former XLCapital underwriter Rich Banas has been named as president and chief executive of Catlin Group Ltd.?s planned USoperation.
Bermuda-registered Catlin said Mr. Banas, formerly chief underwriting officer for XL Professional Lines, a division of...
DATE: Mar 13, 2006
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XL Capital yesterday announced it will be the main financial sponsor in an executive training and development programme designed to help the People?s Republic of China identify and nurture future leaders among the country?s insurance regulators and e...
DATE: Mar 13, 2006
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