75993 results returned for search: "" category "Business"
Bermuda-based reinsurer Validus Holdings Ltd saw its fourth-quarter net income fall by 38 percent after it suffered an estimated $51.8 million in catastrophe losses.
The company posted earnings of $102.7 million for the last three months of last year...
DATE: Feb 11, 2011
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CATEGORY:
Reinsurance
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LONDON (Reuters) Insurer Catlin Group Ltd reported a smaller than expected drop in full-year profit after a strong underwriting performance helped it absorb $218 million in natural disaster claims.
Pretax profit at the Bermuda-based company fell a th...
DATE: Feb 11, 2011
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CATEGORY:
Reinsurance
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Montpelier Re's net income plunged by 59.6 percent in the fourth quarter of 2010 as claims doubled and investment income declined.
The Bermuda-based specialty reinsurer said yesterday that net income for the quarter fell from $104.7 million in the th...
DATE: Feb 11, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Reuters) JPMorgan Chase & Co accused the trustee seeking $6.4 billion for victims of Bernard Madoff’s Ponzi scheme of doing an end run around the law in pursuing his case, and said it has a right to a jury trial.
The second-largest US bank ...
DATE: Feb 10, 2011
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CATEGORY:
International Business
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Endurance Specialty Holdings became the latest Bermuda reinsurer to report that catastrophes in 2010 had lowered its earnings when it said its fourth quarter profit dropped 28 percent and its annual net income fell by 31 percent.
Endurance said fourt...
DATE: Feb 10, 2011
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CATEGORY:
Reinsurance
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Bermuda-based Everest Re bucked the trend of many reinsurers when it said net income jumped 53 percent in the fourth quarter of 2010.
Everest posted a profit of $302.5 million, or $5.51 a share, up from $197.2 million, or $3.28 a share, a year earlie...
DATE: Feb 10, 2011
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CATEGORY:
Reinsurance
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Bermuda Commercial Bank (BCB) will have access to investment management services from Canadian firm IceCap Asset Management Ltd after the signing of a global investment advisory agreement.
BCB, which is focused solely on commercial, corporate and pri...
DATE: Feb 10, 2011
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CATEGORY:
International Business
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Far from being “dead”, as is popularly believed, bank secrecy is actually still “vibrant”, according to the author of a new book on offshore “tax havens”.
In comments to OffshoreAlert, Nicholas Shaxson criticised the world’s major countries and the m...
DATE: Feb 10, 2011
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CATEGORY:
International Business
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Shares of Butterfield Bank fell by five cents, or 3.84 percent, as The Royal Gazette/Bermuda Stock Exchange slipped by 1.25 percent (14.33 points) to a closing level of 1,136.37.
A total of 2,600 shares in the bank changed hands during the day, with ...
DATE: Feb 10, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based fund administrator Butterfield Fulcrum Group has been acquired by two of its former managers, Glenn Henderson and Tim Calveley, partnered by private-equity firm BV Investment Partners.
BFG, which was part owned by Butterfield Bank and p...
DATE: Feb 10, 2011
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CATEGORY:
International Business
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