75993 results returned for search: "" category "Business"
Bermuda-based reinsurer Everest Re Group Ltd reported a first-quarter net loss of $315.9 million, as catastrophe claims took a heavy toll on the company.
The loss, which broke down to $5.81 per share compared to a net loss of $22.7 million, or $0.38 ...
DATE: Apr 28, 2011
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CATEGORY:
Reinsurance
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Montpelier Re Holdings Ltd suffered a net loss of $104.3 million as its catatrosphe losses rose to $200 million for the first quarter of 2011.
This compared to a $9.9 million profit for the same period last year.
The re/insurer’s book value per share...
DATE: Apr 28, 2011
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CATEGORY:
Reinsurance
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A piece of history will be lost forever when Gosling’s Ltd closes its Somerset store for the last time on Saturday.
The store, which has been in the town for almost 100 years, has had to shut for economic reasons.
It follows the closure of the famous...
DATE: Apr 28, 2011
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CATEGORY:
Economy
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ATLANTA (AP) Delta Air Lines Inc said yesterday that raising fares should allow it to make up for the higher fuel prices that drove a $318 million loss in the first quarter.
Delta president Ed Bastian said “aggressive fare actions” should allow it to...
DATE: Apr 27, 2011
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CATEGORY:
Other
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NEW YORK (Reuters) - While a jury studied the evidence in Raj Rajaratnam’s trial yesterday, a former trader associated with his Galleon Group hedge fund became the latest to plead guilty in a sweeping government probe of insider trading on Wall Stree...
DATE: Apr 27, 2011
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CATEGORY:
International Business
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A Bermudian entrepreneur is looking to give something back to his country with the launch of a new sustainable energy business which converts waste into power. If successful with its test model of Bermuda, Oliver Binns, CEO of the Bermuda Environment...
DATE: Apr 27, 2011
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CATEGORY:
Other
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Nabors Industries Ltd’s profits rose more than doubled during the first quarter of 2011 - but the company expects to do even better in the next quarter according to its chairman and CEO.
The Bermuda-based drilling firm reported net income of $82.2 m...
DATE: Apr 27, 2011
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CATEGORY:
International Business
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Making the most of your investment choices was the focus for Business Bermuda Local Awareness Committee’s last monthly luncheon seminar of the season.
The sixth seminar of the series entitled ‘Investing 101: Making the Most of Your Investment Choices...
DATE: Apr 27, 2011
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CATEGORY:
International Business
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Butterfield Bank rose 2.25 percent (three cents) on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 82,312 shares to close at $1.36.
LOM (Holdings) Ltd also saw 5,000 shares change hands as it fell 1.58 percent (five cents) to $3.10.
The ...
DATE: Apr 27, 2011
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CATEGORY:
Bermuda Stock Exchange
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Butterfield Bank is paying the Carlyle Group a $4 million annual fee for advice on managing its balance sheet.
The payment, which was revealed in the bank’s Annual Report 2010, is a three-year agreement that the bank entered into last October.
Accord...
DATE: Apr 27, 2011
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CATEGORY:
Other
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