76459 results returned for search: "" category "Business"
Asset management firm LOM posted a 17 percent rise in first half net earnings for 2007.
The increase to $1,275,200 or 20 cents per share compared favourably to $1,085,571 for the same period in 2006.
The Bermuda-based company will have even more reas...
DATE: Jul 24, 2007
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LONDON (Reuters) - Insurers face their biggest UK flood bill in 20 years, with claims set to top $2 billion ($4.12bn) after intense rain left swathes of central, northern and southern England under water.The bill from flooding in recent days across t...
DATE: Jul 24, 2007
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More evidence of a softening insurance market has come from a survey which showed that commercial insurance premiums continued to decline during the second quarter of 2007.
The Risk and Insurance Management Society (RIMS) Benchmark Survey, based on d...
DATE: Jul 24, 2007
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Ariel Re is the latest Bermuda reinsurer to jump into the Lloyd's of London market, announcing it has reached an agreement to buy Atrium Underwriting for $396 million ($193.2m).
Don Kramer, president and CEO of the "Class of 2005" start-up, is adaman...
DATE: Jul 24, 2007
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AUTHOR:
Scott Neil
TORONTO (Bloomberg) — Canadian stocks fell for a second day, led by Suncor Energy Inc. and Cameco Corp., as the price of crude oil retreated, dragging down energy producers, the second-biggest industry group in the nation's main equity index.The Stan...
DATE: Jul 24, 2007
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PartnerRe bounced back from a tough first quarter, where it suffered losses as a result of the windstorm Kyrill in Europe, to record a year-on-year 35 percent increase in profits for the second quarter totalling $105.02 million.
The second three mont...
DATE: Jul 24, 2007
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AUTHOR:
Scott Neil
Two insurance brokers yesterday joined forces as Jardine Lloyd Thompson (JLT) announced it had taken over Park (Bermuda) Ltd. in a deal worth up to $11.8 million.
The new combined business, which will trade on the Island as JLT Park, will have about ...
DATE: Jul 24, 2007
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AUTHOR:
Jonathan Kent
NEW YORK (AP) — Stocks rebounded yesterday after a fresh round of buyout news offered evidence that Wall Street's penchant for dealmaking hasn't disappeared.Better-than-expected profit news from Merck & Co. also boosted the mood on Wall Street, helpi...
DATE: Jul 24, 2007
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Bermuda-based reinsurer Montpelier Re Holdings Ltd. yesterday announced the formation of Montpelier Europa AG, a company based in Zug, Switzerland.
The Europa branch, which will provide marketing services to Syndicate 5151 at Lloyd's and support its ...
DATE: Jul 24, 2007
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AMSTERDAM, Netherlands (AP) — British bank Barclays PLC said yesterday it would raise its offer for ABN Amro Holding NV to [EURO]67.5 billion ($93.1bn) with help from two Asian partners, an attempt to remain competitive with a rival bid from a group ...
DATE: Jul 24, 2007
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