75989 results returned for search: "" category "Business"
Allied World Assurance Company Holdings AG’s profits were effectively halved during the second quarter of 2011 as the company pushes ahead with its plans to merge with Transatlantic Holdings Ltd.
The company, which moved from Bermuda to Zug, Switzer...
DATE: Aug 04, 2011
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CATEGORY:
Reinsurance
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While gold is seen as the traditional safe haven investment in uncertain times there is a commodity that has performed even better over the past two decades fine wine.
The Bermuda-based Wine Investment Fund (WIF) has produced a report indicating that...
DATE: Aug 04, 2011
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CATEGORY:
Economy
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Bermuda-based oils ervices provider Archer Ltd, through a wholly-owned subsidiary, has sealed a deal to buy all of Great White Energy Services’ operating companies for $742 million on a cash and debt free basis.
Great White Energy Services, which was...
DATE: Aug 04, 2011
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CATEGORY:
International Business
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Bermuda Commercial Bank Ltd has announced the appointment of Jonathan Clipper to its board of directors.
Mr Clipper, who has more than 30 years of international experience in the financial sector, is the managing director of Headland Management Ltd, ...
DATE: Aug 04, 2011
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CATEGORY:
Other
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Bermuda-based luxury resort operators Orient-Express Hotels Ltd reported net earnings of $5.2 million for the second quarter as the premier leisure travel market continued to pick up.
That compared to a net loss of $800,000 in 2010.
So far this year ...
DATE: Aug 04, 2011
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CATEGORY:
International Business
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Nervous investors in search of safe havens amid continuing uncertainty in Europe and Washington have driven the price of gold to record highs and, according to one local analyst, that trend looks set to continue.
“During the last several months you’v...
DATE: Aug 04, 2011
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CATEGORY:
Economy
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The Bermuda Stock Exchange (BSX) remained unchanged at 1,291.53 yesterday with 3,006 shares worth BD$4,864.50 and 37 shares worth US$46,170.78 traded.
Butterfield Bank saw 3,000 common shares change hands, but its share price held firm at $1.60, whil...
DATE: Aug 04, 2011
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CATEGORY:
Bermuda Stock Exchange
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American Safety Insurance Holdings Ltd’s profits dropped by more than $2 million for the second quarter after taking a hit from the US storms that swept the country in April and May.
The insurer reported net earnings of $4.1 million for the three mon...
DATE: Aug 04, 2011
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CATEGORY:
Reinsurance
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Veteran reinsurance executive John Berger is leaving Alterra Capital Holdings Ltd.
Mr Berger, has been the CEO of the company’s reinsurance operations and a member of the board of directors since Alterra was formed by the combination of Max Capital a...
DATE: Aug 03, 2011
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CATEGORY:
Reinsurance
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XL Group’s second-quarter profit rose 17 percent year on year to $225.7 million, the business insurer announced last night.
The company’s net income for the April through June period was up from the $191.8 million posted last year, despite catastroph...
DATE: Aug 03, 2011
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CATEGORY:
Reinsurance
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