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Financial and business service

International Business

"$1.6 billion in new cat bonds issued in first quarter: Willis"

The first quarter of 2013 saw $1.6 billion in new catastrophe bond issuance through five deals, including three that closed at the beginning of the second quarter, according to new a report from Willis Group Holdings PLC’s Willis Capital Markets & Ad...
May 21, 2013
Local Business

"Family practice Hope Healthcare hits milestone"

Ten years ago this month, Hope Healthcare opened its doors in Hamilton. Founded by Brent Williams and his wife Robin, the family practice has been located on Woodbourne Avenue in Pembroke, providing medical care, diagnostic services and aesthetic med...
May 20, 2013
Personal Finance

"Stay-at-home mom wants to work"

Dear Dave: I’m a stay-at-home mom now, and my husband brings home $2,600 a month. We’re trying to get out of debt, but we need more money coming in. I want to go back to work, but emotionally part of me feels like I should stay home with our two-year...
May 18, 2013
International Business

"Seven new insurance registrations"

The Bermuda Monetary Authority has recorded seven new insurance registrations during April. Among the new registrations is Ace’s new $95 million special purpose vehicle (SPI), Altair Re. Altair, along with fellow SPIs, Kiskadee Re ad Sanders Re, als...
May 17, 2013
International Business

"Reinsurer: Some staff will be relocated as part of redomicile"

Tokio Millennium Re, which is moving its headquarters from Bermuda to Switzerland, says some top staff on the Island will be relocated as part of its plans to redomicile. The reinsurer announced this week it’s moving its place of incorporation to Swi...
May 17, 2013
Local Business

"Reinsurer donates $25,000 to BFIS"

Reinsurer Wind River Reinsurance Company has donated $25,000 to the Bermuda Foundation For Insurance Studies (BFIS). “We feel that the work BFIS is doing in assisting students as they make the transition from school to college to the insurance workpl...
May 17, 2013
Local Business

"Charity board members have significant legal duties"

Bermuda is well known for its charitable and philanthropic organisations. There are more than 400 registered charities in Bermuda, varying in size, reflecting a broad range of purposes. Between them and their unregistered counterparts, they make a vi...
May 16, 2013
Local Business

"Reinsurer to move headquarters to Switzerland"

Tokio Millennium Re Ltd plans to redomicile and move its headquarters from Bermuda to Switzerland — and also set up an operation in the US. But the reinsurer said it’s committed to maintaining its presence on the Island where it has operated since it...
May 15, 2013
Local Business

Spiralling cancer care costs impact BF&M earnings

BF&M says earnings are being impacted by soaring health costs, including a spike in the cost of cancer treatment. President and CEO John Wight said the insurance company basically has seen a reduction in the number of lives covered but increasing sev...
May 14, 2013
International Business

"Q-Re appoints new management team"

Q-Re has appointed a new management team to head up its offices in Bermuda, London, Zurich and Doha. The Qatar-based company, led by CEO Gunther Saacke, the former head of reinsurance for Endurance London and CEO of Novae Re, has appointed Willi Schu...
May 14, 2013
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