76251 results returned for search: "" category "Business"
Bermuda reinsurer Validus Holdings Ltd. last night posted a net loss of $118.4 million driven by catastrophe losses of more than $300 million.
Validus said the net impact of three major events was $306.9 million. It attributed a net loss of $293.1 mi...
DATE: May 07, 2010
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CATEGORY:
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AUTHOR:
Jonathan Kent
Net income: $79.7 million compared to $141.5 million in 2009.
Gross premiums written: $1.91 billion compared to $1.34 billion in 2009.
Combined ratio: 116.9 percent compared to 87 percent in 2009.
DATE: May 07, 2010
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LISBON, Portugal (AP) — Portugal, striving to avoid becoming the next victim of Europe's debt crisis, was put on standby for a credit rating downgrade yesterday even as the government managed to raise some euro500 million ($654 million) on the bond m...
DATE: May 06, 2010
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Net income: $8.2 million compared to $40.7 million in 2009.
Gross premiums written: $228 million compared to $142.8 million in 2009.
Combined ratio: 99.1 percent compared to 81.2 percent.
DATE: May 06, 2010
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NEW YORK — The Washington Post Co. is putting Newsweek up for sale in the hope that another owner can figure out how to stem losses at the 77-year-old weekly magazine.
The publishing industry has been struggling as businesses cut back on ad budgets d...
DATE: May 06, 2010
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Investors are scrambling to get involved in the Butterfield Bank rights issue.
Almost 7.4 million rights — which will give buyers the chance to buy Butterfield common shares at $1.21 — were traded on the Bermuda Stock Exchange (BSX) yesterday.
The ri...
DATE: May 06, 2010
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WASHINGTON — James Cayne, who led Bear Stearns for 15 years before its implosion, defended the conduct of the Wall Street firm against scepticism that uncontrollable outside forces were to blame.
The firm's stunning collapse in March 2008 "was due to...
DATE: May 06, 2010
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Bermuda-based Torus Insurance Holdings Ltd. has hired Marina Moore from XL Capital to be its senior offshore construction underwriter with immediate effect.
Reporting to David Message, senior vice-president Global Head of Offshore Energy, Ms. Moore w...
DATE: May 06, 2010
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Amlin is redomiciling its Bermuda unit to Switzerland as part of a move to create a new European reinsurance operation.
The insurer, whose headquarters is in London, said yesterday that the Island operation, which employs 32 people, would be operatio...
DATE: May 06, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The winners of the 2010 Technology Innovation Awards or "TechAwards" - part of Techweek10 - were announced yesterday.
Nominations increased from 64 in 2009 to a total of 153 entries for 2010.
The Best Interactive Experience was Wise Body Wellness. Th...
DATE: May 06, 2010
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