2488 results returned for search: "" category "Other" author Scott Neil
Second-quarter profits at White Mountains Insurance Group have dipped just over $13 million year-on-year, with chairman and CEO Ray Barrette referring to the performance as "OK."
The company made a profit of $102.6m compared to $115.8m a year ago.
th...
DATE: Aug 06, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
The bad rap and innuendos fired at offshore financial centres as being havens for "dirty money" is increasingly wide of the mark, and it is the big onshore jurisdictions such as the US, UK and Australia that need to look more closely at what is going...
DATE: Aug 06, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
XL Capital has increased its acknowledged exposure to collateralised debt obligations (CDOs) by $600 million after reviewing its definition of certain securities that were not previously included in its methodology.
As a result XL now estimates its t...
DATE: Aug 06, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Bermuda "Class of 2005" start-up Flagstone Reinsurance Holdings Limited has taken a majority position in Cayman Islands' Island Heritage Holdings Limited.
Flagstone previously had just over a 28 percent stake in the Cayman domiciled Island Heritage G...
DATE: Aug 06, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Bermuda headquartered Hiscox is to launch an TV and print media advertising campaign across the UK from this coming Monday.
Hiscox is one of the UK's leading insurers of higher value homes. The new campaign is entitled "Certainty", and seeks to drive...
DATE: Aug 04, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
RenaissanceRe Holdings made a profit of $183.2 million in the second quarter compared to $130.4m a year ago, up 39 percent.
The figure, which represents net income available to shareholders, equates to $2.53 per diluted share, up from $1.81.
Underlin...
DATE: Aug 01, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Rising demand for deluxe scotch whisky in China, Taiwan, Korea and other Asian countries has promoted Bacardi to invest more than $250 million to expand production of its Dewar's brand in Scotland.
The Bermuda-based company intends to add a new matur...
DATE: Aug 01, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Bermuda CableVision has confirmed that the Bloomberg business channel has replaced CNBC, which has been discontinued because of the expiration of a satellite agreement covering Bermuda and the Caribbean.
At the same time the company has added a new c...
DATE: Aug 01, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
An outbreak of peace has been reported in the long-running, multi-billion dollar feud involving Bermuda-registered investment fund IPOC and a rival for a near $4 billion stake in Russian telecoms company MegaFon.
However, the bitter dispute over who ...
DATE: Jul 31, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Profits surged from $19.7 million to $94.1m year on year for Max Capital during the second quarter, the Bermuda company announced yesterday.
Max also announced that its new US-based Max Specialty Insurance Company had written around $10m of gross wri...
DATE: Jul 31, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
