76384 results returned for search: "" category "Business"
AIR Worldwide Corporation (AIR) has announced that Bermuda reinsurer Tokio Millennium Re Ltd. has licensed the AIR Multiple Peril Crop Insurance (MPCI) model for use in AIR's CATRADER®, the industry standard application for analysing catastrophe rein...
DATE: Aug 05, 2008
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NEW YORK (AP) - Wall Street fell moderately yesterday in an erratic session dominated by worries about inflation - which were somewhat soothed by a steep drop in the price of oil.
Light, sweet crude closed down $3.69, or 2.9 percent, to settle at $12...
DATE: Aug 05, 2008
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WP Stewart & Co. Ltd. has sold an aggregate of 5,010,000 of its common shares to five funds managed by Arrow Capital Management LLC in a private placement pursuant to its previously disclosed Investment Agreement with the Arrow Funds.
The common shar...
DATE: Aug 05, 2008
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Rising food prices have provided a boost in the midst of a soft market for those Bermuda insurers and reinsurers who offer agricultural insurance.
One such company is PartnerRe, whose chief executive officer Patrick Thiele said that while rates acros...
DATE: Aug 05, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based life asset company Brookfield Infrastructure Partners LP reported adjusted net operating income of $16.4 million for the second quarter of 2008 for Brookfield Infrastructure LP.
The partnership's sole material asset is its 60 percent li...
DATE: Aug 05, 2008
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NEW YORK (AP) - Diversified industrial manufacturer Ingersoll-Rand Co. said on Friday its second-quarter earnings shrunk 73 percent on charges from the acquisition of Trane Co. and hefty year-ago gains.
The Bermuda-based company said its profit for t...
DATE: Aug 05, 2008
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Everest Re Group Ltd. has appointed John Doucette as executive vice-president, effective from next month.
Mr. Doucette joins Everest from Max Bermuda where he held the position of president and chief underwriting officer of their property and casualt...
DATE: Aug 05, 2008
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The Bank of Bermuda' net profit surged nine percent to $163 million during the first six months of this year, despite tough economic times.
The banks' operating profit also rose by ten percent to $179 million for the six months ended June 30, 2008, c...
DATE: Aug 05, 2008
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For decades the common perception has been that Bermudians can go into the tourism industry, but cannot move up.
However, one woman has proved that adage wrong. Nelda Simons is currently regional director of human resources for the Fairmont Hotel and...
DATE: Aug 05, 2008
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NEW YORK (Bloomberg) - Just when American International Group Inc. (AIG) shareholders figured things could not get worse at the world's largest insurer, profit from the company's private equity and hedge fund investments is evaporating.
Earnings from...
DATE: Aug 05, 2008
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