76357 results returned for search: "" category "Business"
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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NEW YORK (Bloomberg) Transatlantic Holdings Inc. accused Validus Holdings Ltd., the reinsurer trying to take it over, of attempting to mislead Transatlantic stockholders into tendering their shares in violation of securities law.
In a lawsuit filed t...
DATE: Jul 28, 2011
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CATEGORY:
Other
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Net income: $607 million compared to $677 million in 2010
92.6 percent compared to 89.7 percent in 2010
Combined ratio:
$5.4 billion compared to $5.2 billion in 2010
Gross premiums written:
DATE: Jul 27, 2011
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CATEGORY:
Other
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Net income: $41.1 million compared to $58.6 million in 2010 ----
Combined ratio: 101.9 percent compared to 91 percent in 2010 ----
Gross premiums written: $502.9 million compared to $489.6 million in 2010.
DATE: Jul 27, 2011
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CATEGORY:
Other
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US Representative Richard Neal looks set to be has been thwarted once again in his efforts to stop foreign insurance companies from moving premiums paid by their US customers offshore to places such as Bermuda after Congress left tax code changes out...
DATE: Jul 27, 2011
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CATEGORY:
Reinsurance
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Local real estate development company West Hamilton Holdings Ltd reported its half-year revenue rose more than nine percent - mostly on earnings from its parking lot at the old Bermuda Bakery site on Pitts Bay Road.
Operating income for the six month...
DATE: Jul 27, 2011
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CATEGORY:
Other
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The Bermuda Stock Exchange (BSX) was unchanged yesterday.
No shares traded hands as the BSX closed again at 1,233.18.
The BSX Insurance Index gained 1.33 percent, or 13.00 points to close at 990.
The Exchange has advised that it will be closed over C...
DATE: Jul 27, 2011
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CATEGORY:
Bermuda Stock Exchange
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RenaissanceRe Holdings Ltd has reported a $24.8 million profit in the second quarter - an 88-percent drop over the same period in 2010.
Net income was $210.2 million or $3.66 per share in the second quarter of last year.
The Bermuda reinsurer said it...
DATE: Jul 27, 2011
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CATEGORY:
Reinsurance
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