76472 results returned for search: "" category "Business"
Bermuda-based Scottish Re Group Ltd. last night declared a net operating loss of $228.4 million for the fourth quarter of 2006 and a loss of $368.3 million for the year.
"We are disappointed with the results for the quarter, but are pleased with our ...
DATE: Feb 21, 2007
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The vaults within the new Gosling's "Wine Cellar" will soon be storing precious bottles of wine in temperature-controlled conditions for private individuals who have previously either tried to keep their wine cool at home or stored in a facility over...
DATE: Feb 21, 2007
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AUTHOR:
Scott Neil
Platinum Underwriters Holdings Ltd. yesterday reported strong fourth-quarter and 2006 earnings, as well as a strong start to 2007.
The Bermuda reinsurer became the latest to post full-year profits in the hundreds of millions, as it announced net inco...
DATE: Feb 21, 2007
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AUTHOR:
Jonathan Kent
IPC Holdings Ltd. swung to a fourth-quarter profit of $108.2 million compared with a loss of $74.8 million for the same period last year to top off what chief executive officer Jim Bryce described as ?great year? for the Bermuda reinsurer.
But Mr. Br...
DATE: Feb 21, 2007
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AUTHOR:
Jonathan Kent
The chaos that followed the Valentine?s Day ice-storm in New York will cost JetBlue Airways around $30 million, mostly to pay full refunds to customers whose flights were cancelled and give them a free future flight as a gesture of goodwill.
In a sho...
DATE: Feb 21, 2007
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AUTHOR:
Scott Neil
NEW YORK (AP) — Wall Street managed a moderate advance in an uneven session after a drop in oil prices and encouraging comments from a Federal Reserve official allowed investors to shrug off disappointment over Home Depot’s declining sales. The Dow J...
DATE: Feb 21, 2007
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NEW YORK (Bloomberg) — Bermuda-based Tyco International Ltd., the conglomerate splitting into three companies, said William Lytton will retire as general counsel and be replaced by Judith Reinsdorf, who returns to Tyco after more than two years at me...
DATE: Feb 21, 2007
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NEW YORK (Reuters) — The National Association of Insurance Commissioners said yesterday it is considering how several states could set up a fund to pay the costs of hurricanes and catastrophes.Such a fund might prove valuable for Gulf Coast states, w...
DATE: Feb 21, 2007
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Fourth-quarter income of $10 million was reported last night by RAM Holdings Ltd., raising its 2006 year total net income to $41.1 million compared to $19.6 million in 2005.
The results are so good that even chief executive officer Vernon Endo is not...
DATE: Feb 21, 2007
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AUTHOR:
Scott Neil
Directors of LOM (Holdings) Limited have authorised a share buy-back of up to $1 million.
In an announcement through the Bermuda Stock Exchange, LOM has announced it intends to acquire its listed securities pursuant to a securities repurchase program...
DATE: Feb 21, 2007
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