76472 results returned for search: "" category "Business"
The adoption of International Financial Reporting Standards in Canada will have a major impact on reporting standards for Bermuda firms, the new president and chief executive officer of the Canadian Institute of Chartered Accountants (CICA), Kevin Da...
DATE: Oct 24, 2006
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Hiscox Plc has acquired the Lloyd?s business of Global Flying Insurance Services (GFIS) from Lloyd?s broker Besso.
GFIS is an underwriting agency specialising in loss of licence insurance for aviation pilots. Hiscox has been the lead Lloyd?s underwri...
DATE: Oct 24, 2006
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NEW YORK (Bloomberg) ? Marsh & McLennan Cos., the world's largest insurance brokerage, will begin requiring board directors and senior executives to own minimum amounts of company stock.
Directors must hold at least $100,000 of common stock or other ...
DATE: Oct 24, 2006
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LONDON (Reuters) ? Lloyd's of London insurer Wellington Underwriting Plc said today that it is in takeover talks with Bermuda-based rival Catlin Group Ltd.
Shares in Wellington were up nearly 15 percent at 111 pence at 1423 GMT while Catlin shares we...
DATE: Oct 24, 2006
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Partner Re Limited posted net income of $235.8 million or $3.93 per share in the third quarter of 2006 compared to a $288.7 million or $5.48 per share loss in the same period of 2005.
The Bermuda reinsurer predicted a ?mixed? renewal season, but said...
DATE: Oct 24, 2006
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LONDON (Bloomberg) ? Hiscox Plc, a Lloyd?s of London insurer, said the incorporation of the company in Bermuda should be effective in December, as the company seeks to take advantage of zero percent tax rates in the country and lighter regulation tha...
DATE: Oct 24, 2006
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Bermuda-based Everest Re Group Ltd. swung to a third-quarter profit and beat earnings estimates as the company benefited from a milder hurricane season compared to the same period last year.
The reinsurer earned $245.7 million, or $3.76 per share, ve...
DATE: Oct 24, 2006
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Platinum Underwriters Holdings, Ltd. posted a profit in the the third quarter as the quiet hurricane season and improved investment performance boosted the reinsurer?s bottom line.
Platinum said net income for the three months ending on September 30 ...
DATE: Oct 24, 2006
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The Royal Gazette/Bermuda Stock Exchange Index remain unchanged yesterday to close at 4,950.25.
On a moderate day of trading, Butterfield Bank traded 14,036 shares to close unchanged at $56.50 and BF&M saw 1,200 shares trade unchanged at $18.
The tot...
DATE: Oct 24, 2006
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XL Capital Ltd. today said it earned $425.9 million in the third quarter after emerging unscathed from the peak of the hurricane season.
Net income was $2.32 a share, compared with a net loss of $1.04 billion, or $7.53, a year earlier, the company sa...
DATE: Oct 24, 2006
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