49296 results returned for search: "" category ("Other" AND "Business")
Bermuda was back to business within 48 hours of a hit from Hurricane Gonzalo, company executives said yesterday.
Graham Pewter, head of insurance and reinsurance firm Catlin, said the Island had prepared well for Gonazalo after an unexpected impact f...
DATE: Oct 22, 2014
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Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Digicel’s network will be back at 100 percent capacity by the end of the week, the firm announced this evening.
At the close of business today Digicel confirmed that their network recovery has exceeded 95 percent.
The firm said that customers can ex...
DATE: Oct 22, 2014
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Catastrophe modelling firm AIR Worldwide estimates that insured losses in Bermuda from Hurricane Gonzalo will range between $200 million and $400 million.
AIR conducted a damage survey across Bermuda on Sunday and Monday. In a statement, AIR said: “I...
DATE: Oct 22, 2014
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Ace Ltd, Allianz and XL Group, all with significant presences in Bermuda, are among just nine insurance sector players best prepared to manage climate change-related risk, according to US-based advocacy group Ceres.
In a report that authors Ceres des...
DATE: Oct 22, 2014
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Other
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Everest Re is reporting third quarter operating profits of $280.5 million or $6.12 a share, up 37 percent on the $205 million or $4.12 a share generated in the Q3 2013 period.
The Insurance Insider, reporting on the results, said the reinsurer had “s...
DATE: Oct 22, 2014
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Other
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Isis Fund Services will now be known as Ikonic Fund Services in the three jurisdictions in which it operates: Bermuda, the Cayman Islands and the United States.
The company, an independent fund administrator, explained: “Even though it was a difficul...
DATE: Oct 22, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Organisers say next month’s Bermuda Convergence 2014 will go ahead, despite storm damage to the tent that was intended to host it.
The tent fixed to the roof of Pier Six which provided the conference with space in which to hold the event, was demolis...
DATE: Oct 22, 2014
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BTC have announced that many of the 15,000 customers who were without service in the aftermath of Hurricane Gonzalo have had it restored, but warned it would be “some time” before all lines are back in operation again.
Meanwhile, wireless services ca...
DATE: Oct 21, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
Logic Communications Ltd said its core network remained operational throughout Hurricane Gonzalo with no loss of service for wired internet service customers. Although Logic’s internet service remains operational, service to customers is dependent on...
DATE: Oct 21, 2014
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CATEGORY:
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Insurance losses will be less than Hurricane Fabian, the last significant storm to affect Bermuda, according to Fitch Ratings, reported in a Fitch Wire article on Monday.
Fitch expects limited industry insured losses from Hurricane Gonzalo as well as...
DATE: Oct 21, 2014
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CATEGORY:
Other
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AUTHOR:
Rebecca Zuill
