76398 results returned for search: "" category "Business"
Bermuda-based reinsurer Montpelier Re Holdings Ltd. yesterday welcomed the lifting of the negative outlook on its credit ratings by Standard & Poor's.
Last week S&P said it was changing the outlook to stable from negative. At the same time the agency...
DATE: May 13, 2008
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LONDON (Bloomberg) — Bermuda-based Hiscox Ltd., a Lloyd's of London insurer, said premium revenue declined 10 percent in the first quarter of this year as the company withdrew from less profitable underwriting.
Premium income fell to £321.3 million (...
DATE: May 13, 2008
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The Christian Aid missionary agency has accused Bermuda of being implicit in contributing to the deaths of 5.6 million children by 2015 in a report issued earlier this month.
The 60-page report entitled "Death and taxes: the true toll of tax dodging"...
DATE: May 13, 2008
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AUTHOR:
Owain Johnston-Barnes
The credit crisis might be nearing an end, according to chief investment officer for the Vanguard Group, George (Gus) Sauter.
"We've probably turned the corner," Mr. Sauter said yesterday. "There has been tremendous economic stimulus in the US."
That...
DATE: May 13, 2008
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AUTHOR:
Owain Johnston-Barnes
SAO PAULO (Bloomberg) — Bermuda-based GP Investments Ltd., a Brazilian private equity firm, agreed to pay 259 million reais ($153.7 million) for a stake in a private university administrator.
The company will acquire 20 percent of Estacio Participaco...
DATE: May 13, 2008
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LONDON (Reuters) - HSBC Holdings, owners of the bank of Bermuda, said its profit in the first quarter beat a year ago as growth in Asia helped counter some $5 billion in hits from bad debts on US home loans and asset write-downs.
HSBC said it was inc...
DATE: May 13, 2008
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NEW YORK (AP) — Wall Street rallied yesterday as oil prices fell back and alleviated some of investors' concerns about accelerating inflation. The Dow Jones industrials gained 130 points.
Oil's retreat helped soothe some of Wall Street's worries abou...
DATE: May 13, 2008
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NEW YORK (Reuters) - MBIA Inc, the world's largest bond insurer, posted a quarterly loss of $2.4 billion yesterday as it took charges on billions of dollars of exposure to bonds linked to sub-prime mortgages.
But MBIA's beaten-down shares rose more t...
DATE: May 13, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index sprung to a record high yesterday, buoyed by EnCana's plan to split itself in two and the release of a new BlackBerry smartphone by Research In Motion.
EnCana, Canada's biggest energy compan...
DATE: May 13, 2008
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Women are now outnumbering men in terms of the numbers of Bermudians joining the Island's insurance industry.
The Bermuda Insurance Institute (BII), a registered charity that oversees insurance education, reported that 59 percent of graduates who pas...
DATE: May 13, 2008
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AUTHOR:
Jonathan Kent
