76378 results returned for search: "" category "Business"
WASHINGTON - There’s some good news and bad news about identity theft.
The good news is that last year the number of people victimised decreased 28 percent to 8.1 million, according to a report by Javelin Strategy & Research. Although that’s still a ...
DATE: Feb 12, 2011
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CATEGORY:
Personal Finance
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Bermuda-based Ship Finance International Ltd. has announced the successful completion of $125 million senior convertible bonds due in 2016.
The bonds were marketed with an annual coupon range of 3.75 percent to 4.25 percent and with a conversion prem...
DATE: Feb 11, 2011
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CATEGORY:
International Business
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Bermuda-based Lloyd’s insurer Omega is being sued by former chief executive officer Richard Tolliday.
The CEO, who was forced out in a boardroom battle in March last year, wants to have his case for compensation heard in Bermuda, The Insurance Insid...
DATE: Feb 11, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Reuters) In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm.
To simulate hurricane-like conditions, an industry group has built a wind tunnel big enough to accom...
DATE: Feb 11, 2011
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CATEGORY:
Reinsurance
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BF&M shares jumped 7.5 percent to help The Royal Gazette/Bermuda Stock Exchange Index close in positve territory yesterday.
BF&M rose $1.05 to close at $15 on volume of 2,500 shares.
The Index closed up 8.46 points at 1,144.82 on volume of 12,000 sh...
DATE: Feb 11, 2011
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CATEGORY:
Bermuda Stock Exchange
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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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