76424 results returned for search: "" category "Business"
BF&M's subsidiary Insurance Corporation of Barbados has paid out $5.7 million less in net claims this year compared to 2006.
The company's net premiums earnings rose by just under $1 million from $37.28 million last year up to $38.25 million over 200...
DATE: Dec 28, 2007
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WARWICK, Bermuda (Reuters) - New Zealand businessman Eric Watson has added two "blank check" companies to his investment portfolio, filing with regulators yesterday to raise a combined total of up to $1.5 billion.
Mr. Watson, who is chairman of both ...
DATE: Dec 28, 2007
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Validus Holdings' wholly-owned subsidiary Validus Reinsurance has entered into a collateralised quota share retrocessional reinsurance agreement with respect to certain lines of marine and offshore energy reinsurance contracts for the 2008 underwriti...
DATE: Dec 28, 2007
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NEW YORK (Reuters) - ACA Capital Holdings said Maryland state regulators will now make many significant business decisions for its main bond insurance unit, as the bond insurer tries to stave off a cash crunch.
Under the consent order with Maryland's...
DATE: Dec 28, 2007
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ACE spin-off Assured Guaranty Limited has completed the sale of 12,483,960 of its common shares at a price of $25.50 per share, representing 11,764,705 of its common shares that it agreed to sell to the underwriters in a public offering and an additi...
DATE: Dec 28, 2007
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–NEW YORK (AP) - The upside to a housing slump is cheaper homes. But many prospective buyers do not see bargains yet, especially as stricter lending standards qualify only the cream of the credit crop.
While some markets like south Florida, Las Vegas...
DATE: Dec 28, 2007
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MUNICH (Bloomberg) — Munich Re, the world's second-biggest reinsurer, said losses from natural catastrophes will rise because of climate changes, costing clients more for insurance premiums.
The Munich-based company estimated worldwide insured losses...
DATE: Dec 28, 2007
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HSBC plans to take out more insurance risk in a bid to slash costs and raise hundreds of millions of dollars in revenue.
That is according to London newspaper The Independent, which claims, the international bank, which owns the Bank of Bermuda, is s...
DATE: Dec 28, 2007
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Bermuda's banks are lending more money, in cash terms, than ever - the latest report released by the Bermuda Monetary Authority reveals.
They are handing out $4.1 billion in loans, advances and mortgages, while taking in $3.6 billion in deposits for ...
DATE: Dec 28, 2007
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The use of unauthorised reinsurance is growing in the US property/casualty insurance industry - according to a special report by AM Best.
But the report also reveals that an expensive infrastructure of collateral tracking, accounting and reporting su...
DATE: Dec 28, 2007
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