76472 results returned for search: "" category "Business"
Bermuda?s Everest Re Group Ltd. last night announced record 12-month net income of $840.8 million for 2006 ? a billion-dollar improvement from the hurricane-induced losses of the previous year.
Everest was the first of Bermuda?s major reinsurers to p...
DATE: Jan 30, 2007
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AUTHOR:
Jonathan Kent
MUNICH (Bloomberg) — Hannover Re, the world’s fourth-biggest reinsurer, expects damage claims of as much as [EURO]180 million ($233 million) from winter storm Kyrill, which battered Europe for two days earlier this month.The Hanover, Germany-based re...
DATE: Jan 30, 2007
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Want to predict if 2007 is going to be a bad one for hurricanes? You might as well toss a coin.
It probably wasn?t the message staff of Validus Re and invited guests were hoping for as they listened to Dr. Kerry Emanuel, a leading voice in the scienc...
DATE: Jan 30, 2007
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AUTHOR:
Scott Neil
The Royal Gazette / Bermuda Stock Exchange rose for the fourth successive day on the back of rising bank and insurance stocks.
In a day of very light trading, Argus Group Holdings Ltd. was the biggest climber, gaining 50 cents (3.6 percent) to close ...
DATE: Jan 30, 2007
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Bermuda-based global property and casualty insurance and reinsurance company Endurance Specialty Holdings’ UK subsidiary is reaching out beyond the confines of London to create a relationship network with brokers who work in the various regions of th...
DATE: Jan 30, 2007
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AUTHOR:
Scott Neil
For a 14th consecutive year shareholders in Bermuda-based PartnerRe Limited are to get an increased dividend on their shares.
The board of directors of the multi-billion global re-insurer, which reinsures everything from motor vehicles to hurricane r...
DATE: Jan 30, 2007
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Concern that lengthening delays in the planning process and issuing of building permits are now impacting the Island?s construction sector needs to be addressed urgently with an overhaul of bureaucratic procedures, according to Shadow Environment Min...
DATE: Jan 30, 2007
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AUTHOR:
Scott Neil
Bermuda-based companies listed on European Union (EU) stock exchanges will have to show their auditors are up to European standards from the middle of next year.
The requirement is the result of an EU directive on “third-country” auditors, which will...
DATE: Jan 29, 2007
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) — London bankers are celebrating a record $8.8-billion ($17.4 billion) year-end bonus pool. Thanks to a court ruling on future bonuses, spouses and their divorce lawyers may have the last laugh.The judgement involving an antique de...
DATE: Jan 29, 2007
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NEW YORK (AP) — Wall Street, often chided as an avenue of excess, might finally get its fill in the coming week.Investors have spent much of the new year careening from one notion to another about the health of the economy and the direction of the ma...
DATE: Jan 29, 2007
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