Posts by bermudawired

Marsh and Guy Carpenter Donate to Three Non-Profit Organisations

Posted by on Nov 25, 2014 in Local News & Alerts | 0 comments

Marsh and Guy Carpenter Donate to Three Non-Profit Organisations

Marsh, a global leader in insurance broking and risk management, and Guy Carpenter, a leading global risk and reinsurance specialist, announced today three donations together totalling $4,500 to Summerhaven Residential Home for The Disabled, Agape House and Bermuda Red Cross. Marsh and Guy Carpenter are wholly owned subsidiaries of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. “These donations are especially meaningful to Marsh and Guy Carpenter as the recipients were...

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Argus Continues Global Expansion

Posted by on Nov 18, 2014 in Local News & Alerts | 0 comments

Argus Continues Global Expansion

The Argus Group of Companies today announces the acquisition of the client portfolio of Millennium Insurance Agency Ltd (Millennium) in Malta, on October 24, 2014. In keeping with Argus’ commitment to seek further opportunities for global expansion, the purchase of Millennium’s client relationships allows Argus Insurance Agencies Limited (AIAL) in Malta to further strengthen its existing commercial customer base, while growing its existing portfolio through new and complementary lines of business. Alison Hill, Chief Executive Officer of the Argus Group, commented: “We’re excited about...

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Marsh and Guy Carpenter Volunteer for Community Giving Day

Posted by on Nov 14, 2014 in Local News & Alerts | 0 comments

Marsh and Guy Carpenter Volunteer for Community Giving Day

Today marks the fifth consecutive year of the Marsh and Guy Carpenter Community Giving Day, part of the companies’ larger initiative to give back to the community. Marsh, the global leader in insurance broking and risk management, and Guy Carpenter, a leading global risk and reinsurance specialist, are operating companies of Marsh & McLennan Companies. This year, 77 employees are volunteering at the Matilda Smith Williams Seniors Residence and the Westmeath Residential and Nursing Care Home. Marsh and Guy Carpenter employees are decorating the residences to brighten them up. The...

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Argus Announces Windstorm Forgiveness Policy For Bike And Car Insurance Customers

Posted by on Nov 13, 2014 in Local News & Alerts | 0 comments

The Argus Group today announced that the No Claims Discount (NCD) scale, the level of reduction in premium offered to customers who have not filed a claim in a set period of time, will not be reduced for the bike and car policyholders who have filed a valid claim for damage caused by windstorm during Tropical Storm Fay or Hurricane Gonzalo. In a gesture to alleviate financial stress for its clients, Argus will extend the opportunity for existing bike and car insurance customers to enjoy their current rates when they renew, even if they’ve filed claims related to either of the recent...

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KeyTech Reports Earnings of $5.7 million

Posted by on Oct 31, 2014 in Local News & Alerts | 0 comments

KeyTech Reports Earnings of $5.7 million

The KeyTech Group of Companies today announces earnings of $5.7 million for the year ended March 31, 2014, compared to $8.3 million in the prior year.    “Notwithstanding the economic growth challenges in Bermuda and Cayman, the last 12 months have been successful in terms of strategic positioning for the company,” said KeyTech CEO Lloyd Fray. “In Bermuda, KeyTech maintained its market share in spite of intense price competition in the telecommunications market. We focused on managing expenses across our subsidiaries as well as through the efficiencies and cost savings as a result of...

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