76472 results returned for search: "" category "Business"
LONDON (Bloomberg) — Bermuda-based Golar LNG Ltd., an owner of liquefied-gas tankers controlled by Norwegian billionaire John Fredriksen, said fourth-quarter profit more than tripled to a record as its vessels worked for more days and at better rates...
DATE: Mar 02, 2007
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ZURICH (Bloomberg) ? Swiss Reinsurance, the world?s largest reinsurer, said profit doubled last year to a record as it paid fewer claims for natural disasters and bought General Electric?s reinsurance unit.
Net income rose to 4.6 billion Swiss francs...
DATE: Mar 02, 2007
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Things look good for reinsurance companies in 2007, so much so that credit rating organisation A.M. Best has revised its outlook for the global sector from a ?negative? to ?stable.?
The year is shaping up to be another potentially profitable one with...
DATE: Mar 02, 2007
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AUTHOR:
Scott Neil
IF there’s anything surprising about this week’s plunge in Chinese stocks it’s that anyone would be surprised.One can debate whether China’s equity rally of recent years constitutes a bubble or an outright Ponzi scheme. What isn’t debatable is that s...
DATE: Mar 02, 2007
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Shares in only one company were traded on the Royal Gazette / Bermuda Stock Exchange yesterday, resulting in no movement in the market as it remained stationary on 4,994.1 points.
A total of 2,693 shares in Butterfield Bank were traded at $57.50 but ...
DATE: Mar 02, 2007
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GENEVA (AP) — Top trade negotiators from the United States, the European Union, Brazil and India will meet in London and Geneva this weekend to discuss long-struggling World Trade Organization efforts to liberalise global commerce.“It will be just bi...
DATE: Mar 02, 2007
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Bermuda reisnurer Arch Capital said yesterday its board authorised the repurchase of $1 billion of common shares. Repurchases under the programme may be effected from time to time in open market or privately negotiated transactions through February 2...
DATE: Mar 02, 2007
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There is no such thing as a level playing field among quality financial services centres, Bermuda Monetary Authority (BMA) chief executive officer Cheryl Lister said on Wednesday. ?Bermuda has to look out for its own interests, and we cannot count on...
DATE: Mar 02, 2007
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US lawmakers were yesterday warned that failure to extend the federal terrorism insurance backstop could be “economically devastating”.
Two leading insurance brokers and agents told the US Senate Committee on Banking, Housing and Urban Affairs that a...
DATE: Mar 01, 2007
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AUTHOR:
Jonathan Kent
Bermuda-based American Safety Insurance Holdings last night reported a 42 percent increase in fourth-quarter net earnings to $6.4 million, or $0.59 per share.
An earnings statement from the company said attributed the increase primarily to increased ...
DATE: Mar 01, 2007
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