77160 results returned for search: "" category "Business"
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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Bermuda-based Bacardi Ltd. has donated $100,000 in immediate relief to aid victims of the floods that have devastated Australia and Brazil.
The spirits company has given $50,000 to the Premier’s Disaster Relief Appeal fund to provide immediate emerge...
DATE: Feb 03, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - Investment bank Lazard Ltd’s fourth-quarter profit beat Wall Street expectations, helped by higher revenue from its asset management division.
Lazard, which struggled when dealmaking dried up during the financial crisis, has been...
DATE: Feb 03, 2011
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CATEGORY:
International Business
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WASHINGTON (Bloomberg) - Federal government action to change the debt-ridden National Flood Insurance Program (NFIP) could create new winners and losers in the $475.2 billion property-and-casualty insurance market.
The US government currently assumes...
DATE: Feb 03, 2011
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CATEGORY:
Reinsurance
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A deposit insurance scheme to protect customers' money in the bank is set to be introduced in 2012, the Bermuda Monetary Authority's (BMA) CEO Jeremy Cox revealed yesterday.
Mr Cox, who was launching the BMA's 2011 business plan to key stakeholders i...
DATE: Feb 03, 2011
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CATEGORY:
Economy
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Bermuda and the Czech Republic negotiators met this week to finalise discussions on a tax information exchange agreement (TIEA) between the two countries.
Premier and Finance Minister Paula Cox said that the text of the agreement now had to be approv...
DATE: Feb 02, 2011
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CATEGORY:
Economy
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Argus Group Holdings Ltd. bounced back from its 25 percent drop on Monday, rising 9.75 percent (40 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 2,600 shares to close at $4.50.
KeyTech Ltd. also climbed 9.9 percent (63 cent...
DATE: Feb 02, 2011
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CATEGORY:
Bermuda Stock Exchange
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Digicel Bermuda has launched a new 3G+ site at Tynes Bay, Devonshire, just one month after launching a 2G site at the same location.
The company said the site provides a stronger 3G+ cellular signal to businesses and residents in the North Shore, Pem...
DATE: Feb 02, 2011
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CATEGORY:
Technology
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