75991 results returned for search: "" category "Business"
Bermuda-based re/insurer Hiscox posted a loss of £87 million, or $143 million, in the first half of the year, after record claims from natural disasters in the US and Japan.
At the company’s Bermuda-based operating unit, where Hiscox underwrites rein...
DATE: Aug 02, 2011
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CATEGORY:
Reinsurance
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HARTFORD, Connecticut (AP) A federal appeals court has thrown out the fraud convictions of five former executives from American International Group Inc. and Stamford-based General Re Corp.
The five had been convicted in a $500 million fraud case. But...
DATE: Aug 02, 2011
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CATEGORY:
Reinsurance
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LONDON (Bloomberg) - Hardy Underwriting Bermuda Ltd said its first-quarter net loss estimate for Australian floods, Cyclone Yasi and earthquakes in New Zealand and Japan was in the range of £21 million to £26 million, as of May 18.
Hardy will report ...
DATE: Aug 01, 2011
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CATEGORY:
Reinsurance
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NEW YORK (AP) - Transatlantic Holdings Inc on Thursday said its board rejected a hostile takeover bid from fellow insurer Validus Holdings Ltd, and remained committed to go ahead with plans to combine the company with Switzerland-based Allied World A...
DATE: Aug 01, 2011
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CATEGORY:
International Business
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Everest Re Group Ltd’s net income held up well during the second quarter despite the spate of catastrophes that occurred over that period.
The re/insurer recorded profits of $131.3 million compared to $156.7 million in 2010.
The company’s after-tax o...
DATE: Aug 01, 2011
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CATEGORY:
Reinsurance
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Lancashire Holdings Ltd has announced the company will switch its tax base from Bermuda to the UK as it reported forecast-beating quarterly profit thanks to limited exposure to recent natural disasters.
Lancashire said it did not expect its tax bill ...
DATE: Aug 01, 2011
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CATEGORY:
International Business
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Bermuda-based Montpelier Re Holdings Ltd's profits dropped almost $50 million during the second quarter as the company suffered $39 million of catastrophe losses from the tornadoes in the US in April and May.
The re/insurer reported net income of $21...
DATE: Aug 01, 2011
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CATEGORY:
Reinsurance
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Validus Holdings Ltd’s net income slipped $70 million for the second quarter as losses for the US tornadoes came in within its pre-announced range.
The re/insurer, which earlier this month put in a $3.5 billion bid for Transatlantic Holdings, reporte...
DATE: Aug 01, 2011
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CATEGORY:
International Business
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White Mountains Insurance Group Ltd’s profits rose to from $2.5 million to $11.7 million during the second quarter after the company sold subsidiaries Esurance and Answer Financial to Allstate.
The company also reported an adjusted book value per sha...
DATE: Aug 01, 2011
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CATEGORY:
International Business
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Butterfield Bank was the biggest climber on The Bermuda Stock Exchange (BSX) last week.
The bank rose 10.3 percent (15 cents) to $1.60 with 11,100 shares traded.
KeyTech Ltd also advanced 4.3 percent (25 cents) to $6 as 19,700 shares changed hands, w...
DATE: Aug 01, 2011
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CATEGORY:
Bermuda Stock Exchange
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