76389 results returned for search: "" category "Business"
XL Capital Ltd. said last night its second-quarter profit plunged 57 percent on catastrophe claims and costs related to its bond insurer affiliate Security Capital Assurance (SCA).
Second-quarter net income was $237.9 million, or $1.34 a share, compa...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda-based Security Capital Assurance Ltd. (SCA) has agreed to pay $500 million to Merrill Lynch & Co. Ltd. in exchange for the investment bank cancelling $3.5 billion in credit default swaps and ending its litigation against the bond insurer.
As ...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
RenaissanceRe Holdings Ltd. held a hurricane forum in Rhode Island.
The Northeast Hurricane Mitigation Leadership Forum was held in Newport and was co-sponsored by RenaissanceRe's affiliate, WeatherPredict Consulting Inc., non-profit organisation Fed...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
Bermuda-based XL Capital Ltd last night revealed the price it will pay for extricating itself from its ill-fated foray into the financial guaranty business — a cool $1.9 billion.
Some of XL's employees, meanwhile, will pay with their jobs, as the com...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
PartnerRe Ltd. experienced a net loss of $26 million for the second quarter of 2008 after switching over to a new accounting method.
The global reinsurer's net loss was equivalent to 64 cents per share and compared to $105 million, or $1.66 per share...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
Amanda Jennison
Age: 29
Role: Recruitment consultant, Expertise Ltd.
What is your job?
I focus on the relationship management side of our recruitment management services. This means that I develop, build and maintain relationships with hiring manager...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
American Safety Insurance Holdings Ltd. saw a seven-percent decrease in net earnings during the second quarter as a result of a soft market.
It reported net earnings of $6.8 million, or $0.63 per diluted share, down from $7.3 million during the same ...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Hedge funds may post their worst month in at least five years after bets on financial stocks falling and on crude oil rising backfired.
Hedge Fund Research Inc.'s Global Hedge Fund Index of more than 55 funds slid 3.2 percent t...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) - American International Group Inc. (AIG), the world's largest insurer, had its worst one-day decline since the market crash of October 1987 after the International Monetary Fund (IMF) aid there is no end in sight to the housing ...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
Customers could be forgiven for thinking they are taking part in a game of cricket when they enter the Bank of Bermuda's branches across the Island this week.
For the bank has decked out its branches with pictures of cricket and balloons in the St. G...
DATE: Jul 29, 2008
|
CATEGORY:
Other
|
