76357 results returned for search: "" category "Business"
Endurance Specialty Holdings Ltd reported a profit of $41.1 million or 87 cents per share for the second quarter of 2011, down from $58.6 million or 97 cents per share a year earlier.
But for the full six months ended June 30, the Bermuda-based re/in...
DATE: Jul 27, 2011
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CATEGORY:
Reinsurance
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PartnerRe Ltd expects to take a hit of $89 million in the second quarter from the tornado that struck the US in April and May.
The estimate includes the tornado losses during the last week of April that were already disclosed by the company.
In addit...
DATE: Jul 27, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank made a profit for the second consecutive quarter as it continues to bounce back from the turmoil of the past couple of years.
The bank reported net income of $11.8 million for the second quarter compared to $200,000 during the same p...
DATE: Jul 27, 2011
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CATEGORY:
Other
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NEW YORK (Bloomberg) - Ace Ltd has reported second quarter profit dropped 10 percent on losses tied to natural disasters.
Net income for the quarter ended June 30 fell to $607 million, or $1.77 a share, from $677 million, or $1.98, a year earlier, th...
DATE: Jul 27, 2011
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CATEGORY:
Reinsurance
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KeyTech Ltd has announced changes to its board of directors, which were approved at its Annual General Meeting on Friday.
Colin Williams retired as a director, having been with the board since 1997.
Meanwhile, Alison Hill and Michael Leverock have be...
DATE: Jul 26, 2011
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CATEGORY:
Other
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An essay on the issues facing Bermuda’s tourism industry and the challenges that needed to be addressed was enough to land Kenisha Pough a place at prestigious New York public relations firm Lou Hammond & Associates.
Having sent in her CV and the 1,0...
DATE: Jul 26, 2011
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CATEGORY:
Bermuda Works
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Bermuda-based Arch Capital Group Ltd’s profits more than halved during the second quarter reports as the insurer took a $95 million hit from catastrophes, including the US storms and the New Zealand earthquake.
Arch posted net income of $237 million ...
DATE: Jul 26, 2011
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CATEGORY:
Reinsurance
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Bermuda-based Platinum Underwriters has confirmed it has stopped writing reinsurance in Australia and New Zealand.
Speaking at an analysts briefing last week, Platinum CEO Michael Price said the company has not renewed covers from July 1, but it does...
DATE: Jul 26, 2011
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CATEGORY:
Reinsurance
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Successfully transferring a business from buyer to seller can be a delicate balancing act. Whether you are already in the midst of negotiations or anticipate being involved in the an upcoming business transfer, you can increase your chances of succes...
DATE: Jul 26, 2011
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CATEGORY:
Bermuda Works
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The Bermuda Stock Exchange (BSX) closed up 2.46 percent at 1,233.18 yesterday.
Shares in KeyTech Ltd rose 8.17 percent (47 cents) to close at $6.22. Changing hands were 16,700 shares.
Butterfield Bank rose 3.44 percent (five cents) to close at $1.50,...
DATE: Jul 26, 2011
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CATEGORY:
Bermuda Stock Exchange
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