Historical background[ edit ] The ancient Greeks created the practice of General Average in Rhodos island, and ancient Romans could be said to have had a rudimentary form of marine insurance. Shipowners and charterers would seek underwriters to insure their ships, and cargo owners whether shippers, importers or consignees would insure their cargoes. Carriers soon realised that often they might themselves be at fault should cargo be lost or damaged at sea, and they sought to take out third-party indemnity insurance in respect of cargo liability.
BAM provides them with financial guarantees that lowers their cost of borrowing. IT firm Fireminds has won a multimillion dollar investment from the majority shareholder in telecoms company One Communications.
And Michael Branco, founder and CEO of Fireminds, said the deal would lead to at least three or four new jobs in Bermuda, as well as potential for extra posts in its Miami office.
It was capital injection to grow the business and access to other markets.
That was key for us. The growth is happening already. We will initially focus on growing in Bermuda. We have a lot of happy customers.
Now we are part of a larger entity we can deliver a lot more to our customers in terms of more staff, upgraded technology and new opportunities.
We always had a focus on innovative solutions and our customers. The great bonus for our Bermuda staff, including me, will be travel. Our staff will be able to get that experience and broader opportunities to work on.
This is a natural progression to better serve our Bermuda customers and also compete internationally. We now have a larger company, more resources to tap into and deeper pockets.
Our customers are very happy with that. We look forward to working with Michael and his team to combine our resources to increase support for existing customers and fuel further growth in Bermuda and new jurisdictions.
Has grown from a one-man operation based in Bermuda to a truly global business serving clients across the world in the space of 13 years. The international online payment, and fraud and data management solutions provider, delivers multi-currency, payment processing and risk management solutions for internet merchants and acquiring banks around the globe.
FAC joined forces with Ukash in to provide its customers with alternative payment options in Europe and emerging online consumer markets from Russia to Brazil.
This new tool provides customers with a way to automate functions, eliminate paper processes and get paid quicker.
We are proud to be working with Trambia on this exciting new launch. We have developed a smart, yet simple product so that users can get to their data in as little time and with as little interaction as possible.
Fygaro allows clients to automate tasks like recurring billings, payment reminders and even manage inventory so they can focus on their business. We are proud to launch this product together with First Atlantic Commerce as our payment gateway platform.The plaintiff owned the freehold and had let the basement to the defendant.
The plaintiff insured the building.
The defendant covenanted to pay to the plaintiff an insurance rent equal to the proportionate cost of insuring the part of the building. The conference is the leading international gathering of underwriters, claims adjusters, insureds, brokers and other service providers involved in claims arising from activities which are commonly referred to as offshore energy risks (which extend to related onshore activities and include well and drilling operations irrespective of location).
Bermuda's International and Local Companies and Limited Partnerships, with names beginning with F Huge range, variety and purpose of locally incorporated offshore entities. Created by the Legislature in , the Surplus Lines Stamping Office of Texas (SLTX) is a non-profit unincorporated organization that functions to ensure the integrity of the excess and surplus lines insurance market.
Underwriting Application Forms; PRC - Regulations on the Prevention and Control of Marine Pollution from Ships; These Apps have been produced by Steamship Mutual and the Ship Safety Trust. They are aimed at shipowners, charterers, brokers, lawyers, surveyors and anyone interested in maritime affairs.
Bermuda London Rio Piraeus . Full list of Principal Clubs, Affiliated Associations and reinsured subsidiary: Tuesday, 22nd May American Steamship Owners Mutual Protection and Indemnity Association, Inc.