77160 results returned for search: "" category "Business"
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
|
CATEGORY:
International Business
|
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
|
CATEGORY:
International Business
|
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
|
CATEGORY:
Reinsurance
|
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
|
CATEGORY:
Reinsurance
|
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
|
CATEGORY:
Reinsurance
|
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
|
CATEGORY:
Reinsurance
|
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
|
CATEGORY:
Reinsurance
|
Reinsurance broker Guy Carpenter said shareholders funds of Bermuda companies it tracks grew by 4.5 percent during the first nine months of last year.
However, during the same period the Guy Carpenter Bermuda Reinsurance Composite experienced a 24 pe...
DATE: Feb 08, 2011
|
CATEGORY:
Reinsurance
|
PartnerRe’s profits plunged 83 percent compared to last year in the fourth quarter to $57 million, as catastrophe losses took a heavy toll.
In its earnings statement last night the company said an upward revision to losses from the September earthqua...
DATE: Feb 08, 2011
|
CATEGORY:
Reinsurance
|
Bermuda-based fund administrator Butterfield Fulcrum Group (BFG) adamantly denied media reports yesterday that suggested it was poised to be bought out by private-equity giant Carlyle Group.
Hedge-fund trade magazine HFM Week reported that Carlyle w...
DATE: Feb 08, 2011
|
CATEGORY:
International Business
|
