76354 results returned for search: "" category "Business"
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
|
CATEGORY:
Economy
|
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
|
CATEGORY:
Bermuda Stock Exchange
|
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
|
CATEGORY:
Reinsurance
|
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
|
CATEGORY:
Reinsurance
|
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
|
CATEGORY:
Reinsurance
|
Shares of Lloyd’s insurer Amlin plc yesterday plummeted after a profit warning partly driven by the need of its Bermuda unit to increase catastrophe reserves by £27 million ($44 million).
After Amlin issued a statement saying that results would like...
DATE: Aug 03, 2011
|
CATEGORY:
Reinsurance
|
The Fairmont Southampton has announced the promotion and appointment of two Bermudians within the systems management department.
Tony Steele has been promoted to the role of area systems manager and Jonathan Stowe has been appointed to the post of sy...
DATE: Aug 03, 2011
|
CATEGORY:
Other
|
Argus Group Holdings Ltd rose 17.64 percent (75 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 957 shares to close at $5.
Butterfield Bank also saw 10,000 shares change hands, but its share price held firm at $1.60.
Overall ...
DATE: Aug 03, 2011
|
CATEGORY:
Bermuda Works
|
Alterra Capital Holdings Ltd profits slipped more than $70 million during the second quarter as major catastrophe events continued to take their toll in 2011.
The re/insurer posted a net income of $32.6 million, or 30 cents per share, for the second ...
DATE: Aug 03, 2011
|
CATEGORY:
Reinsurance
|
The Ace Building on Woodbourne Avenue has been awarded Leadership in Engineering and Environmental Design (LEED) Gold certification by the US Green Building Council (USGBC).
LEED is the USGBC’s internationally recognised green building certification...
DATE: Aug 02, 2011
|
CATEGORY:
Reinsurance
|
