76354 results returned for search: "" category "Business"
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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Aspen Insurance Holdings Ltd’s profits plunged almost $100 million during the second quarter of 2011, including $65 million of losses stemming from natural catastrophes.
The company posted net income of $10.2 million versus $108.9 million for the yea...
DATE: Aug 01, 2011
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CATEGORY:
Reinsurance
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Maiden Holdings Ltd posted a net loss of $24.4 million for the second quarter, having turned a profit of $18.6 million a year previous.
On June 24, 2011, Maiden completed a $107.5 million offering of 8.25 percent senior notes which mature on June 15,...
DATE: Aug 01, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) - Ace Ltd, the Swiss insurer operating in more than 50 countries, gained the most since February after profit beat analysts’ estimates and the company boosted its earnings forecast for 2011.
Ace advanced $2.08, or 3.2 percent, to...
DATE: Aug 01, 2011
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CATEGORY:
Reinsurance
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Technology investors have their heads in the cloud these days. Cloud computing, which supplies on-demand hosted services over the Internet, requires only that its clients have a computer and Internet access. It handles the functions traditionally per...
DATE: Jul 30, 2011
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CATEGORY:
Personal Finance
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Butterfield Bank rose 6.66 percent (10 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 9,100 shares to close at $1.60.
The Ascendant Group Ltd also climbed 3.5 percent (49 cents) to $14.49 with 500 shares changing hands.
But Key...
DATE: Jul 30, 2011
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CATEGORY:
Bermuda Stock Exchange
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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: Jul 29, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) - Lazard Ltd., the biggest non-bank merger adviser, reported a 24 percent increase in earnings as revenue from asset management climbed to a record.
Second-quarter profit rose to $65.8 million, or 48 cents a share, from $53 milli...
DATE: Jul 29, 2011
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CATEGORY:
International Business
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