76472 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — Bermuda-based Primus Guaranty Ltd., the only publicly traded company that makes most of its money from credit-default swaps, said fourth-quarter earnings rose eight-fold as it sold its first collateralised loan obligation and e...
DATE: Feb 07, 2007
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NEW YORK (AP) ? Shares of Bermuda-based Security Capital Assurance Ltd. reached a new high yesterday after the bond insurer reported increases in fourth-quarter earnings and revenue.
Profit of $35.8 million, or 56 cents per share, compared with $27 m...
DATE: Feb 07, 2007
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CHICAGO (Bloomberg) ? Nabors Industries Ltd., an oil driller whose shares surged last week on buyout speculation, said fourth-quarter profit rose 31 percent to $276 million as rig demand surged.
Net income increased to 97 cents from $210.6 million, o...
DATE: Feb 07, 2007
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Bermuda reinsurer PartnerRe Ltd. last night announced a record fourth-quarter profit of $242.7 million to cap what the company’s president Patrick Thiele described as “an exceptional year” in 2006.
The final three months of last year produced net inc...
DATE: Feb 06, 2007
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox has asked for the Supreme Court to wind up the controversial IPOC International Growth Fund and eight related companies.
In a written statement yesterday confirming the move, Ms Cox said that it was sometimes necessary to t...
DATE: Feb 06, 2007
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AUTHOR:
Jonathan Kent
The tables have been turned on a money manager and financial writer who claimed to have the off-shore answer to protecting wealth that would make “lawsuit predators weep”.
Because despite advising investors how to shield money offshore from lawsuits ...
DATE: Feb 06, 2007
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AUTHOR:
Scott Neil
Analysts underestimated by $300 million how much revenue Bermuda-based Axis Capital Holdings Limited would generate in the fourth quarter of 2006.
The firm revealed after trading yesterday that its net income for the final portion of the year had ris...
DATE: Feb 06, 2007
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AUTHOR:
Scott Neil
The yo-yo movement of Belco shares over the past few days continued on Monday as they fell $1.75 in value (seven percent) when 325 were traded on the Royal Gazette / Bermuda Stock Exchange.
On another relatively quiet day for the Exchange Butterfield...
DATE: Feb 06, 2007
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NEW YORK (Bloomberg) — Bermuda-based Ace Ltd., a property and casualty insurer, plans to sell $500 million in 10-year senior unsecured notes, according to a regulatory filing.The notes may be priced to yield 90 basis points more than 10-year US Treas...
DATE: Feb 06, 2007
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Bermuda reinsurer PartnerRe Ltd. last night announced a record fourth-quarter profit of $242.7 million to cap what the company?s president Patrick Thiele described as ?an exceptional year? in 2006.
The final three months of last year produced net inc...
DATE: Feb 06, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
