76418 results returned for search: "" category "Business"
RenaissanceRe suffered a big dip in profits, making $62.2 million for the fourth quarter of 2007 compared to $201.1 million for the same period in 2006.
This was accounted for mainly by a $131 loss related to RenRe's 32.7-percent stake in ChannelRe, ...
DATE: Feb 06, 2008
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Bermuda's biggest insurance company Ace yesterday announced a record annual profit of $2.58 billion, despite a fall of 14 percent in fourth-quarter earnings.
The global insurer year-end earnings were up by 12 percent from its 2006 profit, while net i...
DATE: Feb 06, 2008
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The banking sector was where all the action was on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
Butterfield Bank and Bermuda Commercial Bank Ltd. both dropped five cents, as 14,000 and 3,100 shares were traded by each respectively....
DATE: Feb 06, 2008
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Perhaps it was wishful thinking, but I thought by now I would be able to sit at any city cafe, park bench or airport bar across the country and jump on the Internet via a free Wi-Fi connection.
Such ubiquitous Wi-Fi is still years away.
But several c...
DATE: Feb 06, 2008
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TORONTO (Reuters) - In its worst session in two weeks, the Toronto Stock Exchange's main index dived yesterday, led lower by resource shares amid a broad sell-off sparked by heightened worries of a US recession.
Data from the US Institute for Supply ...
DATE: Feb 06, 2008
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PARIS (AP) — Potential legal troubles for French bank Societe Generale have expanded to the United States and the futures trader allegedly at the root of the $7 billion scandal is now under police protection.
Societe Generale's New York branch was co...
DATE: Feb 06, 2008
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NEW YORK (AP) — Municipal bond investors were in a wary frame of mind yesterday as they waited to learn whether ratings agencies will downgrade some ailing bond insurers.
Uncertainty about the fate of the companies that insure municipal bonds has cas...
DATE: Feb 05, 2008
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NEW YORK (AP) - Wall Street retrenched yesterday, closing sharply lower as investors showed their cautious side and cashed in profits from the market's best week in nearly five years. The Dow Jones industrial average fell more than 100 points.
Given ...
DATE: Feb 05, 2008
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The Risk and Insurance Management Society (RIMS) has announced plans to release a study this spring on the state of Enterprise Risk Management (ERM).
The report is based on data gathered from some 500 corporate risk practitioners over the course of t...
DATE: Feb 05, 2008
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KINGSTON, Jamaica (AP) — Prime Minister Bruce Golding said the Jamaican government must divest all financial holdings in the state-owned airline because the ailing carrier is a drain on the cash-strapped island's budget.
Golding said Air Jamaica has ...
DATE: Feb 05, 2008
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