Log In

Reset Password
DIGITAL EDITION VIDEOS PHOTOS PODCAST RSS

Companies

International Business

"PartnerRe estimates for Japan quake up to $730m"

PartnerRe Ltd has increased its loss estimate for the Japanese earthquake and tsunami by another $230 million. The re/insurer announced initial loss estimates of approximately $500 million last month. PartnerRe president and CEO Costas Miranthis said...
May 02, 2011
Reinsurance

"Axis posts a net loss of $384m"

Axis Capital Holdings Ltd sustained catastrophe losses exceeding half a billion dollars in the first quarter and posted a net loss of $384 million. The Bermuda re/insurer’s chief executive officer John Charman said the industry’s high natural disaste...
Apr 29, 2011
Other

"Basyn is new Bacardi CIO"

Bermuda-based Bacardi Ltd has announced the appointment of Caroline Basyn as global chief information officer. Ms Basyn will be responsible for all information technology at Bacardi, including leading the company’s overall IT strategy and implementat...
Apr 29, 2011
Economy

"Gosling’s to close Somerset store"

A piece of history will be lost forever when Gosling’s Ltd closes its Somerset store for the last time on Saturday. The store, which has been in the town for almost 100 years, has had to shut for economic reasons. It follows the closure of the famous...
Apr 28, 2011
Other

"Butterfield is paying Carlyle $4m annual fee"

Butterfield Bank is paying the Carlyle Group a $4 million annual fee for advice on managing its balance sheet. The payment, which was revealed in the bank’s Annual Report 2010, is a three-year agreement that the bank entered into last October. Accord...
Apr 27, 2011
Other

"Butterfield Bank returns to profit"

Butterfield Bank returned to profit in the first quarter - and bosses are now confident they can keep earnings positive after three years blighted by huge losses. The bank reported reported net income for the first three months of the year of $8.4 mi...
Apr 27, 2011
Other

"Butterfield Bank swings to $8m profit"

Butterfield Bank today reported first-quarter net income of $8.4 million, compared to a net loss of $176.3 million in the same period in 2010, as it slashed operating costs by 18 percent. In a statement, the bank said operating expenses fell almost $...
Apr 26, 2011
Reinsurance

"Enstar boosted by Goldman Sachs’ $290m investment "

Private-equity funds run by US banking giant Goldman Sachs have agreed to pay more than $290 million for a near 20 percent stake in Bermuda-based Enstar Group Ltd. The affiliated funds of GS Capital Partners (GSCP) will invest up to $291.6 million fo...
Apr 25, 2011
Reinsurance

"Hiscox seeking candidates for graduate scheme"

Bermuda-based insurer Hiscox has launched its 2011 graduate scheme for Bermudian graduates. Hiscox is looking for two Bermudians who graduated in either 2009 or 2010, or will be graduating this summer, with the appointment an underwriting trainee and...
Apr 25, 2011
Reinsurance

"Aon names Mullen to top role"

Aon Risk Solutions, the global risk management business of Aon Corporation, has announced the appointment of Peter Mullen as CEO of Aon Global Risk Consulting’s Captive and Insurance Management operations. Mr Mullen joins Aon from Bermuda-based Arte...
Apr 25, 2011
Local Business

"Gibbons Co in Bloom"

Gibbons Company will be decking out its stores in flowers today to launch the Gibbons in Bloom Flower Show. Following in the footsteps of the famous Macy’s Flower Show, Gibbons Company and its branch stores, The Home Store, 9 West and 25 Reid, will ...
Apr 25, 2011
Other

"Catlin estimates $200m loss from Japan disaster"

Bermuda-based re/insurer Catlin Group Ltd expects losses of around $200 million from last month’s Japanese earthquake and tsunami. The company said yesterday that the estimate, which is net of reinsurance and reinstatements, was based on industry los...
Apr 21, 2011
Available for
iPhones and iPads
Available in
Google Play
Use of this website signifies your agreement to the Terms of Service and Privacy Notice
© Copyright 2024 royalgazette.com. All rights reserved.