75993 results returned for search: "" category "Business"
NEW YORK (Reuters) - Bailed-out insurer American International Group (AIG) said it would post an estimated $1 billion in pre-tax catastrophe losses in the first quarter, mostly from exposure to the March 11 earthquake in Japan.
AIG said its exposure ...
DATE: Mar 21, 2011
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CATEGORY:
Reinsurance
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Argus Group Holdings Ltd and Butterfield Bank were the biggest losers on The Bermuda Stock Exchange (BSX) last week.
Argus fell 9.8 percent (45 cents) to $4.15 with 500 shares traded, while Butterfield dropped six percent (eight cents) to $1.26 as 12...
DATE: Mar 21, 2011
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CATEGORY:
Bermuda Stock Exchange
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Government intends to pay back $210 million of public debt by 2016 by apparently almost emptying the Sinking Fund.
Premier Paula Cox told the House of Assembly on Friday that the fund - established for the purpose of paying down Government debt - was...
DATE: Mar 21, 2011
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CATEGORY:
Economy
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Government has announced plans to build a Bermuda specific model for all future economic forecasting after having missed badly with its growth predictions for 2010.
The report, which was released last month, revealed that the Island’s gross domestic ...
DATE: Mar 21, 2011
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CATEGORY:
Economy
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Shares of Bermuda-based Omega Insurance shot up 18 percent on Friday, as the insurer confirmed that more than one company has expressed interest in taking it over.
Omega received a bid from privately-owned rival Canopius in January and on Friday the ...
DATE: Mar 21, 2011
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CATEGORY:
Reinsurance
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Bermuda-based re/insurer Argo Group International Holdings Ltd estimated that its pre-tax losses from last month’s earthquake in New Zealand will be in the range of $35 million to $45 million.
The earthquake caused massive damage in the city of Chris...
DATE: Mar 21, 2011
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CATEGORY:
Reinsurance
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Two just-released surveys find that a record number of workers have lost faith in their ability to afford retirement.
The 2011 Retirement Confidence Survey conducted by the non-partisan Employee Benefit Research Institute (EBRI), the American Savings...
DATE: Mar 19, 2011
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CATEGORY:
Personal Finance
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Q. What are the prospects for my shares of Delhaize Group? Are things looking up at all? ML, via the Internet
A. While it derives the bulk of its operating profits from the US, this Belgian supermarket operator with around 2,700 stores does not have ...
DATE: Mar 19, 2011
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CATEGORY:
Personal Finance
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What’s the right length of time to own a share? Ten years, perhaps. Five? Or maybe it depends on the company whose shares you are buying.
But seconds, or milliseconds, or even picoseconds? New trading technologies are making it possible to buy and se...
DATE: Mar 19, 2011
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CATEGORY:
Personal Finance
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Bermuda is one of the most conducive environments for expatriates to work and live in according to a top insurance company boss.
Charles Dupplin, chief executive of Hiscox Bermuda, gave an insight into Island life in an interview with the Financial T...
DATE: Mar 18, 2011
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CATEGORY:
Reinsurance
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