76354 results returned for search: "" category "Business"
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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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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