76441 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — Global Crossing Ltd., the fibre-optic network operator that survived one of the largest US corporate bankruptcies, posted a wider third-quarter loss on costs from its acquisition of Impsat Fiber Networks Inc.
The net loss expan...
DATE: Nov 07, 2007
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Bermuda-based broker Ironshore Inc. announced that its US subsidiary, Ironshore Holdings (US) Inc., has completed the acquisition of Stockbridge Insurance Co., a US-based admitted insurance company, from Folksamerica Reinsurance Co.
Subject to regula...
DATE: Nov 07, 2007
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ZURICH (Bloomberg) – Swiss Reinsurance Co., the world's largest reinsurer, yesterday reported third-quarter profit that surpassed analysts' estimates as taxes fell and damage claims remained low.
Swiss Re rose the most in three-and-a-half years in Zu...
DATE: Nov 07, 2007
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Assured Guaranty Ltd. made a loss of $115 million for the third quarter 2007 amid heightened concerns over the credit crisis.
The company posted a net loss of $115m or $1.70 per diluted share for the quarter ended September 30 compared to a net incom...
DATE: Nov 07, 2007
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LONDON (Bloomberg) — Nordic American Tanker Shipping Ltd., an operator of 1 million-barrel crude-oil carriers, will buy two new vessels for $90 million each.
The suezmax tankers will be delivered between the fourth quarter of 2009 and April 2010, Ber...
DATE: Nov 07, 2007
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Having had time to let the dust settle and reflect on my visit to Halifax, the benefits in having links between Bermuda and the Nova Scotian capital are clear to see.
During my time in Halifax over the past week I met up with banks, insurance brokers...
DATE: Nov 07, 2007
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LONDON (Bloomberg) - The UK's Competition Commission said it will undertake further exploration of loan-insurance products after it found the cost of such coverage is sometimes higher than the interest paid on loans.
"Consumers buying a distributor's...
DATE: Nov 07, 2007
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Pervasive computing is going to be one of the top 12 areas for innovation over the next 20 years, according to a report by Social Technologies.
"Almost every device or object in consumers' lives will be both smart and networked, giving rise to an 'In...
DATE: Nov 07, 2007
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NEW YORK (Bloomberg) – Bermuda-based Validus Holdings Ltd., the reinsurer started with the backing of former Marsh & McLennan Cos. CEO Jeffrey Greenberg, rose in New York trading after third-quarter profit exceeded expectations.
Validus climbed $1.02...
DATE: Nov 07, 2007
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LONDON (Bloomberg) — Tsakos Energy Navigation Ltd., a Bermuda-registered and Athens-based crude oil shipper, said on Monday profit rose 12 percent from a larger fleet, and that it plans a two-for-one stock split.
The shares rose as much as 9.3 percen...
DATE: Nov 07, 2007
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