75973 results returned for search: "" category "Business"
Bermuda-based reinsurer Validus Holdings Ltd last night posted record net operating earnings of $171.2 million that beat the expectations of Wall Street analysts by more than 25 percent.
The company benefited from the absence of notable loss events, ...
DATE: Jul 27, 2012
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CATEGORY:
Reinsurance
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Bermuda may be looking better and better in its battle for international business with the Cayman Islands.
The government of the Cayman Islands on Wednesday announced it will, for the first time, impose a payroll tax — but only on expatriate workers...
DATE: Jul 27, 2012
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CATEGORY:
International Business
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Arch Capital Group has topped Wall Street expectations for the sixth quarter in a row.
Analysts expected Arch to come in last night with earnings of 82 cents per share on revenues of $757.7 million, but the company beat those estimates by 20 cents, r...
DATE: Jul 26, 2012
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CATEGORY:
Reinsurance
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Thirteen of Bermuda’s top students who are planning to attend university abroad and one day pursue careers in the insurance industry have been awarded scholarships by the Bermuda Foundation for Insurance Studies (BFIS).
The scholarships range from $...
DATE: Jul 26, 2012
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CATEGORY:
Reinsurance
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Aspen Insurance Holdings yesterday said second-quarter profit after tax surged to $84.6 million from $9.1 million for the same period last year on low catastrophe activity and pricing improvement.
The company reported net earnings per diluted share o...
DATE: Jul 26, 2012
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CATEGORY:
Reinsurance
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Government is in talks to find a taker for its satellite slot before it expires in April next year.
Environment, Planning and Infrastructure Strategy Minister Marc Bean told The Royal Gazette last night that the Government was confident of success.
“...
DATE: Jul 26, 2012
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CATEGORY:
Other
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Everest Re Group Ltd saw its profits surge by nearly 39 percent amid low catastrophe activity and handily beat analysts’ expectations.
The Bermuda reinsurer reported net income of $214.6 million, or $4.08 per share, compared to $131.3 million, or $2...
DATE: Jul 26, 2012
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CATEGORY:
Reinsurance
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Bermuda-based Lancashire Holdings has shut down its property, facultative and onshore energy businesses due to “volatile” loss ratios.
The insurer, which moved its head office and tax base to Britain this year but continues to employ a team in Bermud...
DATE: Jul 26, 2012
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CATEGORY:
Reinsurance
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Butterfield closed up one cent at $1.23 as 1,200 of the bank’s shares changed hands on the Bermuda Stock Exchange yesterday.
Overall the BSX ended up 4.74, or 0.44 percent, at 1,077.44.
The BSX Insurance Index also rose, 24.00, or 2.34, to finish the...
DATE: Jul 26, 2012
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Bloomberg) — Ace Ltd, the Swiss company with operations in more than 50 nations including Bermuda, advanced the most since November after touting long-term prospects of crop insurance amid the worst US Midwest drought in more than two decad...
DATE: Jul 26, 2012
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CATEGORY:
Reinsurance
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