1779 results returned for search: "" category "Business" author David Fox, Business Editor
Property catastrophe reinsurer PartnerRe has declared net income of $249.7 million ($4.50 per share) for the year to December 31, a 11.6 percent increase over the year before ($223.8 million or $3.99 per share).
President and CEO Herbert Haag said, "...
DATE: Feb 11, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
Bermuda has an "excellent opportunity to become the global electronic hub for the storage, processing and dissemination of digital information'', the chairman of the Bermuda Stock Exchange has told The Institute of Directors.
At the Institute's annua...
DATE: Feb 07, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
Bermuda-based reinsurer Mid Ocean Re is bracing for even more pressure on premium rates for property catastrophe business in 1997 than was experienced last year.
And Mid Ocean anticipates that certain ceding companies may increase their retentions, w...
DATE: Feb 05, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
Bermuda-domiciled Inter-Ocean Reinsurance Co. Ltd., assigning the company its single-`A' claims-paying ability rating.
S&P said the rating reflects considerations of the finite risk reinsurer's shareholder relationships, reinsurance, capital adequacy...
DATE: Feb 04, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
Bermuda-based cat reinsurer, RenaissanceRe Holdings Ltd. and expects its share price to shoot up to $41 by the end of the year.
RenaissanceRe stock was trading at $37.25, or $1.50 higher on Friday, as Lehman Brothers said the firm's growth outlook is...
DATE: Feb 03, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
Forwarding Co. by Bermuda Forwarders last week. Many were not happy.
But Bermuda Forwarders president, and sole proprietor, Toby Kempe, said about 13 of the 25 Globe staff have joined his firm.
That left close to a dozen former Globe employees this w...
DATE: Jan 31, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
A scheme of arrangement has been selected in the liquidation of Bermuda Fire & Marine Insurance Co. Ltd. (BFMIC) and came into effect two weeks ago.
Liquidators have considered that a payment percentage could be set within the first year of the schem...
DATE: Jan 31, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
Liquidators in one of Bermuda's largest insurance and reinsurance insolvencies are writing cheques again, paying out a further $20 million, or an additional five cents on the dollar.
It will bring the total to 68 cents on the dollar, or $283 million,...
DATE: Jan 30, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
is importing a new boss to oversee operations and some 400 staff. An announcement is expected today.
The staff of the BTC Group of Companies were being told this week that the new CEO is Lorraine Lyle, who was last posted in the Yukon at Northwestel ...
DATE: Jan 29, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
LaSalle Re Holdings Ltd. has reported first quarter net income to December 31 of $28,047,000, down slightly from $29,400,000 in the first quarter the year before. Earnings per share were $1.16, compared to $1.23 for the comparative period.
Net premiu...
DATE: Jan 29, 1997
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
