75982 results returned for search: "" category "Business"
On the heels of last year’s contingent business interruption fallout from the Japan earthquake and Thai flooding, global modelling firm, AIR Worldwide (AIR), has announced that it has expanded its offerings to include catastrophe-related supply chain...
DATE: Apr 27, 2012
|
CATEGORY:
Reinsurance
|
If you look up the word ‘eminence’, it is defined as prominent or lofty, so it should come as no surprise that the new Eminence Showroom, an interior design store that’s just opened in Bermuda, is modern, loft-like and truly a standout on the Island....
DATE: Apr 26, 2012
|
CATEGORY:
Local Business
|
Bermuda re/insurer Aspen Insurance Holdings Ltd swung to a profit of nearly $79 million, despite taking a hit from claims related to the Italian cruise ship disaster.
Aspen also wrote more business and its operating earnings of 88 cents per share han...
DATE: Apr 26, 2012
|
CATEGORY:
Reinsurance
|
AUTHOR:
Jonathan Kent
LOM (Holdings) Ltd last year posted a loss of $1.47 million, driven by writedowns of the value of its stake in the Bermuda Stock Exchange and in a portfolio management system that failed to work.
With one-off items stripped out, LOM’s net loss was $1...
DATE: Apr 26, 2012
|
CATEGORY:
Other
|
The board of Bermuda-based Omega Insurance Holdings Ltd has agreed to a £164 million ($265 million) takeover offer from UK insurer Canopius.
The two companies announced yesterday that the Omega board had agreed to the Canopius offer, which amounts to...
DATE: Apr 26, 2012
|
CATEGORY:
Reinsurance
|
Montpelier Re Holdings Ltd reported an operating income of $1.23 per share for the first quarter 2012, crushing analysts expectations of 65 cents.
The company, which provides short-tail reinsurance and other specialty lines, beat the average estimate...
DATE: Apr 26, 2012
|
CATEGORY:
Reinsurance
|
Everest Re Group yesterday announced a first-quarter profit of $304.7 million as the reinsurer saw strong rate increases.
The company’s net income of $5.68 per diluted common share for the period ended March 31 compared to a net loss of $315.9 millio...
DATE: Apr 26, 2012
|
CATEGORY:
Reinsurance
|
KeyTech tumbled 75 cents (12.09 percent) on the Bermuda Stock Exchange yesterday with 300 shares trading to close at $5.45. Ascendant Group also fell five cents (.37 percent) with 200 shares trading to close at $13.20.
Butterfield Bank jumped five ce...
DATE: Apr 26, 2012
|
CATEGORY:
Bermuda Stock Exchange
|
The Bermuda Monetary Authority yesterday announced new appointments as part of a restructuring of its policy and insurance supervision areas.
The BMA named Shanna Lespere its new director of international affairs, a new position within the Authority....
DATE: Apr 26, 2012
|
CATEGORY:
Other
|
Arch Capital Group Ltd’s first-quarter profit was eight times larger than the net income it made in the same period of 2011.
The Bermuda-based re/insurer last night posted net income of $157.8 million, or $1.14 per share compared to $19 million, or ...
DATE: Apr 26, 2012
|
CATEGORY:
Reinsurance
|
