49296 results returned for search: "" category ("Other" AND "Business")
A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of A- (Excellent) and issuer credit ratings (ICR) of "a-" of Bermuda-based Quanta Reinsurance Ltd. (Quanta Re) and its subsidiaries. Best said all the ratings have been...
DATE: Dec 27, 2005
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The Royal Gazette/Bermuda Stock Exchange Index was unchanged at 3,882.76 on a short day of trading yesterday. For the week, the Index dropped 83.06 points.
With trading ending at lunchtime ahead of the Christmas holiday, only Butterfield Bank shares ...
DATE: Dec 24, 2005
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Oil Insurance Ltd., a Bermuda mutual insurer, has had its Standard & Poor's financial strength rating affirmed after boosting premium income to help replace capital sapped by hurricane losses topping $1 billion.
The company is also expected to tap th...
DATE: Dec 23, 2005
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A majority of funds domiciled in Bermuda might be exempt from Swiss tax rules that require regulated funds doing European business through Swiss paying agents to disclose information about the savings income of European Union citizens.
Swiss tax auth...
DATE: Dec 23, 2005
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Amlin Bermuda Ltd., one of ten major insurance companies recently to set up in Bermuda, was yesterday the first in the so-called ?Class of 2005? to win a financial strength rating from leading ratings firm Standard & Poor?s.
Amlin, formed by its name...
DATE: Dec 23, 2005
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The liquidators for bankrupt Bermuda-based LaSalle Re Holdings Limited have been ?unable to take a position? on a tender offer to buy 1.5 million preferred shares or 50 percent of the outstanding preferred shares of the company at a price of $1 each....
DATE: Dec 23, 2005
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A new venture is being established on the Island, bringing to the Bermuda market a proprietary product that can help companies insure against losses that fall outside the coverage of a traditional insurance contract.
The product, called Transurance, ...
DATE: Dec 23, 2005
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The Royal Gazette/Bermuda Stock Exchange index closed unchanged at 3,882.76 yesterday with only Butterfield Bank shares changing hands.
Butterfield closed at $46.60 as 4,150 shares sold as the stock exchange's 64 other shares showed no movement.
DATE: Dec 23, 2005
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A.M. Best Co. has removed from under review and affirmed the financial strength rating of A- and issuer credit ratings ?a-? for the reinsurance subsidiaries of the PXRE Group Ltd.
Best also removed from under review and affirmed the issuer credit rat...
DATE: Dec 23, 2005
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Max Re Capital has announced the hiring of as senior vice president and North American treaty underwriter. Mr. Winn, an associate of the Chartered Institute of Insurance, has more than 15years experience managing property catastrophe reinsurance acc...
DATE: Dec 23, 2005
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