Topic – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Personal Finance

"Bond funds not the answer for retirement strategy"

With thousands of people facing retirement each day, they are challenged with how to manage their income. Investing in bonds and living off income had been the common wisdom. However, with interest rates on most bonds at historic lows, they provide ...

Dec 01, 2012

Opinion Writer

"The erosion of real jobs with real benefits"

Everyone needs a job, from the time that a child is relatively small through to virtually the end of life. Everyone needs a job, a function to perform. Call it work, a career, vocation, avocation, a chore for an allowance, or just plain puttering aro...

Dec 01, 2012

Reinsurance

"AM Best: Waves of new reinsurer arrivals may be a thing of the past"

It used to be that whenever there was a large catastrophe in the US, investors would scramble to set up a reinsurance company in Bermuda. But those days may be over, according to analysts from ratings firm AM Best. Speaking at the AM Best’s 2012 Ber...

Nov 30, 2012

Other

"LEGALLY SPEAKING: Flexible trust concept adaptable for business uses"

By Naresh Chand Bermuda’s trust industry continues to innovate to create bespoke structures in order to meet the demands of clients for increasingly novel trust solutions. Recently, for example, I wrote about the increasing use of Reserved Power Tru...

Nov 30, 2012

International Business

"Frontline posts $49m loss and sees problems looming for shippers"

LONDON (Bloomberg) — Slowing demand for oil tankers may lead to financial difficulties for ship owners, according to Bermuda-based Frontline Ltd, the world’s largest operator of supertankers. An increase in oil-tanker earnings, spurred by demand for ...

Nov 30, 2012

Reinsurance

"AM Best downgrades Ability Re"

Ratings firm AM Best has downgraded the financial strength rating to B (fair) from B+ (good) and issuer credit ratings to “bb” from “bbb-” of Bermuda-based Ability Reinsurance (Bermuda) Ltd and Ability Insurance Company (AIC), collectively referred t...

Nov 30, 2012

Reinsurance

"McGavick named new ABIR chairman"

XL Group CEO Michael McGavick has been elected as the new chairman of the board for the Association of Bermuda Insurers and Reinsurers (ABIR), effective January 2013. He succeeds Arch Capital Ltd’s president and CEO Constantine (Dinos) Iordanou who ...

Nov 29, 2012

Reinsurance

"Sandy losses of around $25b expected to be split between insurers and reinsurers"

Claims related to Hurricane Sandy appear set to be split almost 50-50 between primary insurers and reinsurers, according to a report by DowJones. The report cites estimates from JP Morgan, which estimates Sandy will cost the industry up to $25 billi...

Nov 29, 2012

Reinsurance

"IDC honours Bermudas top RIMS volunteers"

The Bermuda Insurance Development Council (IDC) has recognised insurance industry volunteers who became Island “ambassadors” at the Bermuda exhibit during the week of the Risk & Insurance Management Society (RIMS) Conference in Philadelphia this past...

Nov 28, 2012

Reinsurance

"Insurers say prices are firming up"

A new survey finds a majority of insurance carriers view the market as hardening. The industry survey, by FirstBest Systems, Inc a provider of insurance software solutions for global insurance companies, found most insurers believe they are now in a...

Nov 26, 2012

Reinsurance

"Win $5,000 for correct hurricane predictions"

If you’re a weather buff, you can win $5,000 for making the right hurricane and storm predictions. In a nod to the value of crowdsourcing as an effective forecasting method, the Risk Prediction Initiative (RPI2.0) has kicked off its seasonal forecas...

Nov 26, 2012

Opinion Writer

"Greek bonds paying 16.75% per year: Risk or reward, you choose!"

Bank deposit interest rates are still so low, so tedious in their predictability, and so discouraging for the fierce saver, it would seem that investors would be flocking to invest in equity markets. The opposite, however, is still true. Investors a...

Nov 24, 2012

Log In

Financial and business service

"Bond funds not the answer for retirement strategy"

"The erosion of real jobs with real benefits"

"AM Best: Waves of new reinsurer arrivals may be a thing of the past"

"LEGALLY SPEAKING: Flexible trust concept adaptable for business uses"

"Frontline posts $49m loss and sees problems looming for shippers"

"AM Best downgrades Ability Re"

"McGavick named new ABIR chairman"

"Sandy losses of around $25b expected to be split between insurers and reinsurers"

"IDC honours Bermudas top RIMS volunteers"

"Insurers say prices are firming up"

"Win $5,000 for correct hurricane predictions"

"Greek bonds paying 16.75% per year: Risk or reward, you choose!"

"AM Best: Waves of new reinsurer arrivals may be a thing of the past"

"IDC honours Bermudas top RIMS volunteers"