75937 results returned for search: "" category "Business"
Bermuda reinsurer Validus Holdings Ltd will pay its shareholders a $2 per share special dividend at the end of this month.
The company’s board of directors also decided to raise Validus’ regular quarterly dividend by 20 percent to 30 cents per share....
DATE: Feb 08, 2013
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CATEGORY:
Reinsurance
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@$:Bermuda-based Montpelier Re felt the wrath of Superstorm Sandy, reporting a loss of $27 million for the fourth quarter of 2012, but the reinsurer swung to an annual profit.
Though the company’s fourth-quarter operating loss of 31 cents per share f...
DATE: Feb 08, 2013
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CATEGORY:
Reinsurance
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Shares of Argus Group Holdings dropped 3.9 percent ($0.15) in trading on the Bermuda Stock Exchange yesterday closing the day at $3.70 a share.
KeyTech shares also fell losing 3.2 percent ($0.19) in trading to close at $5.81 a share.
Bank of Butterfi...
DATE: Feb 08, 2013
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CATEGORY:
Bermuda Stock Exchange
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Ratings firm AM Best has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Validus Re.
Additionally, AM Best has affirmed the ICR of “bbb” and debt ratings of the Bermuda-based parent comp...
DATE: Feb 08, 2013
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CATEGORY:
Reinsurance
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Endurance Specialty Holdings yesterday reported a year-end net income of 129.8 million.
The gain compares with a 2011 net loss of $117.9 million.
The Bermuda-based re/insurer reported a net loss of $40.8 million for the fourth quarter of 2012, vers...
DATE: Feb 08, 2013
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CATEGORY:
Reinsurance
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One-stop shopping for phone, internet and TV, lower prices, getting the internet speed you pay for and number portability — a dream come true for Bermuda residents that’s expected to finally arrive in phases from April 28.
Philip Micallef, chief exec...
DATE: Feb 08, 2013
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CATEGORY:
Other
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US authorities have seized over $2 million in a Bermuda bank account allegedly belonging to a fugitive Mexican official charged in a corruption case with stealing public funds, according to court papers released this week.
More than $22 million was s...
DATE: Feb 08, 2013
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CATEGORY:
Other
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Coldwell Banker Bermuda Realty says more than 60 companies have signed up to take part in this year’s annual home show — now in its 11th year.
The companies will be showcasing their products and services.
The Coldwell Banker Home Show is being held a...
DATE: Feb 08, 2013
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CATEGORY:
Local Business
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A battle over a cellular tower on Knapton Hill is headed back to court in a case that highlights the challenges of mobile providers in maintaining good network coverage on the Island.
Digicel, along with Knapton Hill resident Michael Markham, have fi...
DATE: Feb 08, 2013
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CATEGORY:
Local Business
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Apple this week hit a pretty mind-boggling milestone: the 25 billionth song was downloaded on iTunes on Wednesday.
That’s billion with a ‘b’, which is a bit hard to imagine, but to put it in perspective, it’s roughly equal to three-and-a-half songs ...
DATE: Feb 08, 2013
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CATEGORY:
Technology
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