INSURANCE
Four inducted into Business Hall of Fame
Sir John Swan and Sir David Gibbons helped to unveil a plaque in the City Hall on Wednesday for the Bermuda Business Hall of Fame.
New CSI department created at XL
XL Insurance (Bermuda) Ltd has created a new CSI-Complex Situational Insurance department within its Professional Lines unit to handle unique, complex insurance risks.
December 7: Business Briefs
Chartis announced that it has entered into a reinsurance transaction with Compass Re, providing increased protection to Chartis against US hurricanes and earthquakes.
Four new insurers set up shop
Four new reinsurance companies opened for business in November according to a BMA report issued on Monday.
Conyers staff give to charity
Staff at Conyers Dill and Pearman shared a bit of festive cheer this December, donating nearly $22,000 to charities and community initiatives across the island.
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Don't let the Grinch steal your joy
Argus said on Friday that contents insurance should be updated after acquiring pricey Christmas gifts, otherwise you may not get anything back if those gifts were stolen.
THE CAYMAN FACTOR / PROTECTING OUR BUSINESS
Bermuda needs to be fast and aggressive
Business Bermuda's Cheryl Packwood in December said we must be "as financially committed as our competitors", as Cayman's strategy may be aimed at our reinsurance industry.
XL Group plc repays $600 million XLCFE senior notes
XL Group plc on Tuesday announced that XL Capital Finance (Europe) plc, has repaid at maturity the $600 million principal amount of 6.5% Guaranteed Senior Notes due 2012 of XLCFE.
January 20: Business Briefs
Third Point Re has hired a new EVP, XL prepare to release fourth quarter results, PartnerRe expects a loss and Bacardi is ready to party in Friday's business update.
2011 'second worst year on record' for Validus
Validus Holdings, Ltd. reported net income available to Validus of $27.3 million for the fourth quarter of 2011.
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PartnerRe's loss in challenging year
PartnerRe Ltd. has reported a net loss of $520.3 million for 2011. This net loss includes net after-tax realized and unrealized gains on investments of $15.1 million.
Seniors can pay less with home insurance
Director of Age Concern, Claudette Fleming, on Tuesday backed a new home insurance package by Argus called Home Essentials, which is tailored towards seniors.
Premier defends Bermuda's reputation as international business centre
On Sunday Premier Paula Cox responded to comments made about Bermuda by the Cayman Islands' Government. She said: 'Only the naive would be foolish enough to count Bermuda out.'
Matters in Healthcare: What is the difference: co-pay and upfront pay?
Bermuda Sun's healthcare column on Friday explained the difference between a co-payment and being asked to pay 'upfront' at a healthcare visit.
With chairman stepping down, Hiscox will keep evolving
Charles Dupplin, CEO of Hiscox Bermuda, spoke on Friday about the company's leadership change, profits, the year of catastrophes and the bickering between Cayman and Bermuda.
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