75989 results returned for search: "" category "Business"
There was more significant trading activity in the shares of Butterfield Bank on an otherwise quiet day on the Bermuda Stock Exchange (BSX).
The bank finished the day where it started, on $1.50, as 52,000 shares changed hands. In Thursday trading, m...
DATE: Aug 06, 2011
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Other
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Imagine a world where the US government is nearly bankrupt because most of the revenue coming in is used to pay its debts.
What if a natural disaster hits somewhere in the country and is so costly worse than anything ever seen that it further devasta...
DATE: Aug 06, 2011
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CATEGORY:
Other
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Accountants Ernst & Young (EY) has announced three new appointments to its London and Bermuda insurance team.
Paul Cooper, Simon Burtwell and Ben Reid have all been appointed to senior roles due to increased demand from its clients.
Mr Cooper, former...
DATE: Aug 05, 2011
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CATEGORY:
International Business
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Argo Group International Holdings Ltd’s profits held up well during the second quarter as the company adapted to tough market conditions.
The company’s net income dropped slightly to $22.8 million, or 82 cents per share, from $26.1 million, or 86 ce...
DATE: Aug 05, 2011
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CATEGORY:
Reinsurance
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KPMG’s partners in Bermuda have awarded scholarships to Christine Terceira of Devonshire and Tansae Wellman of Pembroke.
The accountancy firm said that the decision was made to award two scholarships, valued at $20,000 each, per annum for each of the...
DATE: Aug 05, 2011
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CATEGORY:
Other
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Bermuda-based re/insurer Catlin Group Ltd posted a $201 million loss in the first half of the year after record claims from natural catastrophes, the company announced yesterday.
The loss compared with a profit of $86 million in the year-earlier peri...
DATE: Aug 05, 2011
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CATEGORY:
Reinsurance
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Bermuda-based Frontline Ltd., the world’s biggest operator of supertankers, plunged more than 10 percent to its lowest stock price since May 2003 yesterday.
The company closed at 47.02 kroner in Oslo trading, down 5.38 kroner, a fall of 10.25 percent...
DATE: Aug 05, 2011
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CATEGORY:
International Business
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Butterfield Bank dropped 6.25 percent (10 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 121,956 shares to close at $1.50.
The Ascendant Group Ltd saw 5,000 shares change hands, but its share price held firm at $14, as did Kent...
DATE: Aug 05, 2011
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CATEGORY:
Bermuda Stock Exchange
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Marsh & McLennan Companies Inc (MMC) boosted its profits by 19 percent during the second quarter as revenue streams increased across the board.
The New York-based insurance broker’s net income rose to $282 million from $236 million last year, includi...
DATE: Aug 04, 2011
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CATEGORY:
International Business
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Axis Capital Holdings Ltd last night announced that second-quarter profits more than halved on estimated catastrophe losses of some $126 million.
But the Bermuda Class of 2001 re/insurer’s operating earnings per share of 65 cents far exceeded the exp...
DATE: Aug 04, 2011
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CATEGORY:
Reinsurance
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