75993 results returned for search: "" category "Business"
NEW YORK (Reuters) Bailed-out insurer American International Group Inc said it would take a $4.1 billion charge at its Chartis unit after a review showed higher-than-expected claims on older policies for asbestos exposure and workers’ compensation.
I...
DATE: Feb 10, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank shares rose four percent yesterday on light volume on the Bermuda Stock Exchange (BSX).
The bank climbed five cents to $1.30 on the trading of 470 shares.
Six of Butterfield’s preference shares also traded, with the price remaining u...
DATE: Feb 09, 2011
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Bloomberg) Google Inc., squaring off against Apple Inc. in the smartphone market, opened a web browser-based applications market for users of its Android software.
The new store will let users buy apps on a desktop computer’s internet brows...
DATE: Feb 09, 2011
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CATEGORY:
Technology
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ZURICH (Reuters) UBS expects to win more client money for its wealth management business in 2011 and sees a rebound in the investment banking division whose losses almost felled it in the financial crisis.
Switzerland’s biggest bank said it had seen ...
DATE: Feb 09, 2011
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CATEGORY:
International Business
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LONDON (Reuters) Britain saddled banks with an extra £800 million ($1.3 billion) in tax yesterday, drawing protests from the industry as talks between bosses and ministers over bonuses and lending come to a head.
Chancellor of the Exchequer (finance ...
DATE: Feb 09, 2011
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CATEGORY:
International Business
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Bermuda-based RenaissanceRe Holdings Ltd last night reported that its fourth-quarter net earnings fell 42 percent after more than $50 million of additional losses from the New Zealand earthquake that struck in September.
The company reported net inco...
DATE: Feb 09, 2011
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CATEGORY:
Reinsurance
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Bermuda-based re/insurer Alterra Capital Holdings Ltd last night reported net income of $79.7 million for the fourth quarter and beat analysts’ expectations on both earnings and revenue.
Alterra, which was formed in May last year through the merger o...
DATE: Feb 09, 2011
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CATEGORY:
Reinsurance
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XL Group plc reported yesterday that annual net earnings almost tripled in 2010.
The Ireland-based company, which has substantial operations in Bermuda, made net income of $585.5 million last year, compared to $206.6 million in 2009.
For the fourth q...
DATE: Feb 09, 2011
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CATEGORY:
Reinsurance
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Bermuda-based re/insurer Axis Capital Ltd saw profits rise by 78 percent last year.
The company said in a statement after the close of the stock markets yesterday that its net earnings totalled $820 million, compared to $461 million in 2009.
Axis sai...
DATE: Feb 09, 2011
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CATEGORY:
Reinsurance
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Bermuda reinsurer Platinum Underwriters Holdings Ltd reported a net fourth-quarter loss of $17.7 million as it was hit by $78 million in catastrophe losses.
The company estimated losses of $68.2 million relating to the New Zealand earthquake and $9.9...
DATE: Feb 09, 2011
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CATEGORY:
Reinsurance
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