76354 results returned for search: "" category "Business"
The Bermuda Stock Exchange has de-listed West Hamilton Holdings Ltd’s right shares following the closure of its offering on July 22, 2011.
West Hamilton Holdings announced yesterday that 28 percent of 408,630 of the total number of shares offered in ...
DATE: Aug 02, 2011
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CATEGORY:
Bermuda Stock Exchange
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After a hard day at work, people prefer to relax with a bottle of wine - rather than spending time with their partners of children, a survey has revealed.
Six in every ten adults said drinking was their top choice after a stressful day, while 28 perc...
DATE: Aug 02, 2011
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CATEGORY:
Bermuda Works
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Bermuda reinsurer PartnerRe Ltd trounced Wall Street estimates as it reported net income of $124.2 million for the second quarter.
In a statement released after the markets closed last night, the company said it remained strong to deal with potential...
DATE: Aug 02, 2011
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CATEGORY:
Reinsurance
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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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