76365 results returned for search: "" category "Business"
Aspen Insurance Holdings Limited posted a profit of $40.1 million for the quarter ending June 30.
The company’s second-quarter profit of $0.36 per share was down from $84.6 million or $1.03 per share in the same period last year.
Net-written premium...
DATE: Jul 26, 2013
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CATEGORY:
International Business
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GSC Ltd, one of the Island’s largest air conditioning and mechanical companies, has shut down operations a victim of the economic downturn and severe construction slowdown.
The company, which has operated for 15 years and once employed as many as 63 ...
DATE: Jul 26, 2013
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CATEGORY:
Local Business
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Montpelier Re Holdings posted a second-quarter loss of $23.2 million as the re/insurer faced catastrophe loss events and a completive market.
The loss compared to a profit of $65.5 million in the 2012 second quarter.
Gross insurance and reinsurance p...
DATE: Jul 26, 2013
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CATEGORY:
International Business
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New York's top financial regulator has expanded a probe into whether reinsurance companies have written policies on international trade with Iran, which could potentially violate new US sanctions.
In a letter posted to its website, the state's Depart...
DATE: Jul 26, 2013
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CATEGORY:
International Business
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Validus Holdings said last night it posted second-quarter net income of $30.7 million, compared to $167.6 million for the three months ended June 30, 2012 — a decrease of $136.9 million, or 81.7 percent.
Validus' chairman and CEO Ed Noonan stated: “I...
DATE: Jul 26, 2013
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CATEGORY:
International Business
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Gateway Systems has announced a new strategic partnership with US-based Lexicon Technologies.
Gateway and Lexicon, an information technology maintenance solutions business, jointly announced an exclusive alliance to bring a new concept in enterprise ...
DATE: Jul 26, 2013
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CATEGORY:
Local Business
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Allied World Assurance Company Holdings last night posted a second-quarter loss of $1.9 million compared to a profit of $96.4 million for the same period last year.
The reinsurer said the quarterly net loss was due to $115 million of net realised inv...
DATE: Jul 26, 2013
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CATEGORY:
Local Business
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RenaissanceRe Holdings has expanded its reinsurance operations with the launch of a US platform.
The Bermuda re/insurer said it has formed RenaissanceRe Underwriting Managers US LLC, a specialty reinsurance agency based in Connecticut, which will sup...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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By Marina Mello
Montpelier Re Holdings posted a second-quarter loss of $23.2 million as the re/insurer faced catastrophe loss events and a completive market.
The loss compared to a profit of $65.5 million in the 2012 second quarter.
Gross insurance a...
DATE: Jul 25, 2013
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CATEGORY:
International Business
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GSC Ltd, one of the Island’s largest air conditioning and mechanical companies, has shut down, a victim of the economic downturn and severe construction slowdown.
The company, which has operated for 15 years, said its workers at the KEMH site are exp...
DATE: Jul 25, 2013
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CATEGORY:
Local Business
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