75997 results returned for search: "" category "Business"
NEW YORK (Bloomberg) - Allied World Assurance Company Holdings AG, the insurer whose co-founders include American International Group Inc. and Chubb Corp., repurchased a warrant from AIG for $53.6 million. Allied World rose to a four-and-a-half year ...
DATE: Feb 04, 2011
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CATEGORY:
Reinsurance
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MADRID (Bloomberg) Pernod Ricard SA, the world’s second- biggest liquor maker, said it won a Spanish Supreme Court ruling in its decades-long battle with Bermuda-based Bacardi Ltd. over the rights to use the Havana Club name on rum within the country...
DATE: Feb 04, 2011
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CATEGORY:
International Business
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Bermuda is well positioned to take on the next wave of business that comes to its shores, according to a top lawyer.
In an interview with The Royal Gazette, Tim Faries, partner at Appleby (Bermuda), who specialises in insurance, said the Island has a...
DATE: Feb 04, 2011
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CATEGORY:
Other
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International business faces a challenging year ahead in an increasingly soft market with downward pressure on insurance rates and a tough investment environment offering minimal returns.
That is according to industry experts who said that a number o...
DATE: Feb 04, 2011
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CATEGORY:
Reinsurance
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Ace Ltd estimates the Australian floods will cost it between $75 million and $90 million.
The range was revealed by the insurer's chairman and chief executive officer Evan Greenberg in a conference call yesterday, following the company's announcement...
DATE: Feb 04, 2011
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CATEGORY:
Reinsurance
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The property and casualty insurance industry faces a “slow, painful haemorrhaging of capital” - unless a huge catastrophe turns the market.
That is the view of industry analysts Advisen, who published a report yesterday which suggested the industry w...
DATE: Feb 03, 2011
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CATEGORY:
Reinsurance
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BF&M Ltd. fell five percent (75 cents) to $14.25 on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 400 shares during the day.
Butterfield Bank also declined 0.76 percent (one cent) to $1.29, with 2,300 shares changing hands.
Overall, ...
DATE: Feb 03, 2011
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CATEGORY:
Bermuda Stock Exchange
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MUNICH (Bloomberg) Hannover Re, the world’s third-biggest reinsurer, confirmed its profit forecast for this year after negotiating better-than-expected rates with clients in the January round of renewals.
“For 2011 we see sufficient opportunities for...
DATE: Feb 03, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) Ace Ltd last night said fourth-quarter profit rose five percent on improved returns from investments and a rise in policy sales.
Net income advanced to $1 billion, or $2.92 a share, from $953 million, or $2.81, a year earlier, th...
DATE: Feb 03, 2011
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CATEGORY:
Reinsurance
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The Reinsurance Association of America (RAA), in conjunction with the Association of Bermuda Insurers and Reinsurers (ABIR) and the Bermuda Insurance Institute (BII), has announced it will be hosting a training programme for re/insurance professional...
DATE: Feb 03, 2011
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CATEGORY:
Reinsurance
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