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Financial and business service

Reinsurance

"AM Best lowers American Safety’s ratings outlook to negative"

AM Best Co has lowered the outlook on the ratings of the operating subsidiaries of Bermuda-based American Safety Insurance Holdings Ltd (ASI) to negative from stable. The ratings agency said the change reflected “unfavourable underwriting results rep...
Feb 05, 2013
Reinsurance

"CEO McKeown leaves Pillar Capital"

Pillar Capital Holdings Ltd CEO Chris McKeown has left the company under mutual agreement. The Bermuda-based insurance asset manager, which is focused on collateralised reinsurance and catastrophe insurance-linked securities, formerly Juniperus Capit...
Feb 04, 2013
Local Business

"Taylor succeeds Marshall as MD of law firm"

Law firm Marshall Diel & Myers has appointed Kevin Taylor to managing director, succeeding Timothy Marshall who previously held the position as well as having been managing partner for the firm over the last 25 years. As the founder of the firm, Mr ...
Feb 04, 2013
Reinsurance

"Woodroffe showcases Bermuda market at World Captive Forum"

Bermuda was represented by around 20 professionals at the 2013 World Captive Forum in Miami, Florida this week. Among them is Michael Woodroffe, president of Bermudian independent reinsurance broker Kirkway International Ltd, who was a key speaker. I...
Jan 31, 2013
Other

"Appleby scoops Citywealth awards"

Bermuda-based Appleby, the world’s largest provider of offshore legal, fiduciary and administration services, for the second consecutive year won the “Caribbean Law Firm of the Year” and “Caribbean Trust Company of the Year” at the Citywealth Interna...
Jan 30, 2013
Reinsurance

"OCIL diversifies into a new line"

Oil Casualty Insurance, Ltd (OCIL) has announced the introduction of a new line of insurance. Beginning in December, the company began writing all risk property insurance on a direct and facultative reinsurance basis for energy companies. OCIL’s div...
Jan 30, 2013
Opinion Writer

"Is the Apple core rotten?"

Apple was taken to the cleaners on Thursday after it reported financial results on Wednesday night. One of the world’s most discussed stocks and a perennial Wall Street darling lost about $63.70 or almost $60 billion in market capitalisation. So what...
Jan 29, 2013
Economy

"Financial experts debate prospects for 2013 at CFA dinner"

About 160 financial professionals turned out at the Fairmont Hamilton Princess to hear two American investment experts give their differing views of the year ahead. Speaking at the Chartered Financial Analysts’ Society Bermuda 12th annual forecast di...
Jan 28, 2013
Personal Finance

"Is a currency war ahead?"

Investment professionals are carefully analysing recent central bank policy announcements, particularly those which have lately caused sharp and sudden moves in several of the world’s largest currencies. Last week, headline news surrounding the plung...
Jan 26, 2013
Personal Finance

"The death of wealth"

The picture for 2013 and beyond is coming clear. Whilst important, talk of the current economic crisis might fill newspapers but it is barely scratching the surface of the real problem. It is essential though that we start to prepare for the next maj...
Jan 26, 2013
Opinion Writer

"The right information can make you an expert"

In this day and age, can you tell me the item of most interest (on a daily basis) for most people? Yes, we know money is probably the first on the list — but besides that? The answer of course is information. This is the ‘Information Age’ where imme...
Jan 26, 2013
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