76354 results returned for search: "" category "Business"
XL Capital Ltd.'s tangible book value received a boost of around $1.75 per share yesterday with the remarketing of $745 million of senior notes.
Tangible book value stood at $12.88 at December 31, 2008.
The Bermuda-based business insurer announced a...
DATE: Feb 18, 2009
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LONDON (AP) — InterContinental Hotels Group PLC reported yesterday that net profit fell 43 percent in 2008 to $262 million.
The company, which operates InterContinental hotel, Crowne Plaza and Holiday Inn, said a sharp deterioration in business in th...
DATE: Feb 18, 2009
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TORONTO (Reuters) - Toronto's main stock index sank yesterday to its lowest level in seven weeks as resource issues slumped on falling oil and base metal prices, and as concerns grew over the global financial crisis.
The financial services sector led...
DATE: Feb 18, 2009
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AsusTek Computer Inc. upended the laptop market when it brought out the tiny, cheap Eee PC a year and a half ago. As a follow-up, the plucky Taiwanese company is trying something harder: conquering the kitchen.
Many manufacturers have tried and faile...
DATE: Feb 18, 2009
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An increase to the loss estimate from Hurricane Ike drove Arch Capital Group Ltd. to a fourth-quarter loss of $143 million.
The Bermuda-based insurer and reinsurer last night said the company's results for the last three months of 2008 had been impac...
DATE: Feb 18, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Flagstone Reinsurance Holdings Ltd. announced a fourth-quarter net loss of $75.6 million on a decline in the value of its investments.
The class of 2005 reinsurer posted solid underwiting results, but they were overshadowed by realised ...
DATE: Feb 18, 2009
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AUTHOR:
Jonathan Kent
A state-of-the-art gym and squash club will be the central focus for Bermuda's first 'green' building at Victoria Place.
The Court House, which opened yesterday and which is run by owner Richard Burns and general manager Sue Pell, features everything...
DATE: Feb 17, 2009
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LONDON (Reuters) - Bermuda-based Lancashire Holdings blamed hefty hurricane damage claims for a 75 percent drop in 2008 profit, but those earnings beat forecasts and the non-life insurer said it planned to start paying dividends within a year.
London...
DATE: Feb 17, 2009
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Axis Capital chairman Michael Butt says Bermuda has to "stay on its toes" to ensure it continues to attract international business as it faces multiple threats from potential changes in US taxation law, competition from rival jurisdictions and the ch...
DATE: Feb 17, 2009
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AUTHOR:
Jonathan Kent
Bermuda Insurance Institute is seeking to honour the individuals who have made outstanding contributions to the insurance market this year.
Voting forms have been sent out to people in the industry to select their choices in three categories — the Li...
DATE: Feb 17, 2009
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