76211 results returned for search: "" category "Business"
LONDON (Bloomberg) — Amlin Plc, the biggest insurer at Lloyd's of London, said first-half profit declined 39 percent as claims almost doubled.
Pretax profit fell to £107.6 million ($167 million) from £177.1 million a year earlier, the London-based co...
DATE: Aug 24, 2010
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Insurer, pension provider and investment company BF&M Ltd.'s insurance operating companies have seen their financial strength rating affirmed at A (excellent) by rating agency AM Best Co.
But the New Jersey-based agency has expressed some concern at ...
DATE: Aug 23, 2010
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AUTHOR:
Jonathan Kent
Hedge fund manager Paolo Pellegrini — whose PSQR Capital Management has an office in Bermuda and who helped Paulson & Co. to make $3 billion out of the bets on the US housing crash — is to return money to investors in his fund by next month.
The PSQR...
DATE: Aug 23, 2010
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AUTHOR:
Jonathan Kent
Three Bermudian university students — Alison Bolton, Michael Coles and Samuel Outerbridge — have been selected to take part in a summer internship with insurance broker Marsh and reinsurance broker Guy Carpenter Bermuda Ltd.
The two operating compan...
DATE: Aug 23, 2010
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NEW YORK (Reuters) - With Wall Street limping along through the summer doldrums, investors say they will remain on guard for more deterioration in what's expected to be a light-volume week.
The S&P 500 suffered losses last week and is in danger of fa...
DATE: Aug 23, 2010
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Devonshire Industries Ltd. and Butterfield Bank were the biggest movers on The Bermuda Stock Exchange (BSX) last week.
Devonshire rose 38.5 percent ($2.50) to $9, with 1,000 shares traded, while Butterfield was up 13.3 percent (20 cents) at $1.70, as...
DATE: Aug 23, 2010
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WASHINGTON (Bloomberg) - New York Attorney General Andrew Cuomo subpoenaed American International Group Inc. (AIG) as part of a fraud investigation focusing on life insurers' retention of death benefits, a spokesman for his office said.
Lincoln Natio...
DATE: Aug 23, 2010
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TORONTO (Reuters) - Canadian investors will face an awkward question if a foreign player succeeds in buying Potash Corp: Where do I put my money now?
The deal, which could rank as 2010's biggest global takeover, would bring a nice boost during a toug...
DATE: Aug 23, 2010
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Economic hypochondria runs rampant among investors now. All bad news is met with nods of understanding and little debate. The "cool guys" these days are the bears. If you are somewhat of an optimist you will be bombarded with a flurry of facts and fi...
DATE: Aug 23, 2010
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Bermuda-based Catlin Group has seen the financial strength ratings of its operating subsidiaries affirmed at A by ratings agency AM Best Co.
The New Jersey-based ratings agency said in its ratings commentary that the group's capitalisation is expecte...
DATE: Aug 23, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
