76472 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — Bermuda-based Nabors Industries Ltd., the world’s largest onshore oil and natural-gas driller, said fourth-quarter profit was less than analysts expected because of a decline in drilling for natural gas in the continental US an...
DATE: Jan 04, 2007
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New Bermuda-based company Paris Re has entered into a quota-share reinsurance agreement with Triomphe Re Ltd.
Under the terms of the deal, Paris Re, which was incorporated on November 7 last year, will cede 24 percent of its property catastrophe exce...
DATE: Jan 04, 2007
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The co-founder of Bermuda giants Ace Ltd. and XL Capital has set up another Island-domiciled insurance company backed by more than $1 billion in capital.
The latest project of insurance legend Robert Clements is Ironshore Insurance Ltd., a subsidiary...
DATE: Jan 04, 2007
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AUTHOR:
Jonathan Kent
Bermuda-based Castlewood Holdings has bought reinsurance writer Inter-Ocean Holdings Ltd. in a deal worth $57 million.
Inter-Ocean owns two reinsurers, one based in Bermuda the other in Ireland, both of which are in run-off.
Castlewood, which special...
DATE: Jan 04, 2007
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NEW YORK (Bloomberg) ? Bermuda-based Nabors Industries Ltd., the world?s largest onshore oil and natural-gas driller, said fourth-quarter profit was less than analysts expected because of a decline in drilling for natural gas in the continental US an...
DATE: Jan 04, 2007
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The British invasion into the Bermuda reinsurance market goes on.
Lloyd?s of London reinsurer Advent Capital Holdings announced yesterday that the Bermuda Monetary Authority had issued a class 3 reinsurer licence to its Bermuda-based subsidiary Adven...
DATE: Jan 04, 2007
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SAO PAULO (Bloomberg) ? Bermuda-based GP Investments Ltd., a private equity fund, will create a company to invest in real estate projects in Brazil, Latin America?s biggest economy.
GP Investments will hold a 30 percent stake in the new company throu...
DATE: Jan 04, 2007
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Butterfield Bank (NTB BH) has advised the Bermuda Stock Exchange (BSX) that in December 2006 Butterfield Bank bought back and cancelled 15,359 at an average price of $56.06 of its own shares under the share repurchase programme announced on January 5...
DATE: Jan 04, 2007
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ACE Tempest Life Re's Rodney Cordle is leaving Bermuda after eight years on the Island to take up a new post with the company, based in Stamford, Connecticut.
Mr. Cordle has been appointed ACE Tempest Life Re's vice-president and chief pricing office...
DATE: Jan 04, 2007
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The US Tax Increase Prevention and Reconciliation Act of June 2005 limited the amount of foreign housing exclusion that can be elected by US citizens and resident aliens living outside the United States.
A revision to the Bermuda housing cost tables ...
DATE: Jan 04, 2007
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