76337 results returned for search: "" category "Business"
Bermuda-based Endurance Specialty Holdings reported a $74.4 million profit for the first quarter of 2012, citing improving market conditions.
The reinsurer’s net income of $1.72 per share for the first quarter of 2012 compares to a loss of $91.3 mill...
DATE: May 03, 2012
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CATEGORY:
Reinsurance
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Bermuda customers will not be impacted by HSBC Holdings Plc’s sale of its US credit card unit to Capital One Financial Corp.
HSBC said yesterday it had completed the sale of the unit for a premium of $2.5 billion.
Asked is the sale could affect HSBC ...
DATE: May 03, 2012
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CATEGORY:
Other
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Butterfield Bank traded 13,100 shares on the Bermuda Stock Exchange yesterday with no change in share price to close at $1.30.
Overall, the BSX traded 13,100 shares worth $17,150 to close at 1,105.17.
DATE: May 03, 2012
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CATEGORY:
Bermuda Stock Exchange
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Global offshore law firm Appleby has announced the appointments of Alan Bossin, Sarah Demerling and John Wasty as partners.
Mr Bossin is a senior member of Appleby’s Insurance team, which forms part of Appleby’s Corporate and Commercial practice grou...
DATE: May 03, 2012
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CATEGORY:
Local Business
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Bermuda’s Emerging Professionals (BEPRO) is joining forces with one of Bermuda’s top insurance organisations to highlight potential new career paths.
At BEPRO’s upcoming lunch-and-learn session on May 14, Leila Madeiros, deputy director of Associati...
DATE: May 03, 2012
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CATEGORY:
Local Business
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Allied World Assurance Company Holdings last night reported first-quarter profit jumped to $218.2 million from $8.6 million in the same period last year on a substantial increase in premiums. The company also said from January through March it record...
DATE: May 03, 2012
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CATEGORY:
Reinsurance
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Bermuda-based Maiden Holdings, Ltd released its first quarter earnings last night reporting a net income of $20.4 million compared with $19.3 million in the first quarter of 2011.
Net operating earnings for the first quarter of 2012 came in at $19.4...
DATE: May 03, 2012
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CATEGORY:
Reinsurance
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RenaissanceRe Holdings Ltd swung to a profit of more than $200 million in the first quarter on light catastrophe losses.
The Bermuda-based reinsurer trounced the analysts’ expectations as it recorded $356.6 million in revenue versus an estimated $300...
DATE: May 03, 2012
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CATEGORY:
Reinsurance
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Veteran HSBC banker and Irishman Brendan McDonagh has officially been named the executive chairman of Butterfield where he will lead the bank’s continued turnaround.
Mr McDonagh, along with Olivier Sarkozy, were also elected to the Butterfield board ...
DATE: May 03, 2012
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CATEGORY:
Local Business
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Butterfield Bank hopes a programme to buy back up to $10 million of its shares will boost liquidity of the stock.
“At the moment a significant number of shares are held by a limited number of institutions,” the new executive chairman of the bank, Bre...
DATE: May 03, 2012
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CATEGORY:
Local Business
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