76472 results returned for search: "" category "Business"
The lessons learned from record hurricane activity over the past two years has resulted in a flurry of improvements to modelling systems used by insurers, with the latest versions coming to market just in time for the start of the 2006 hurricane seas...
DATE: Jun 02, 2006
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Risk appetite has waned on global financial markets, and the riskiest class of assets have been the hardest hit. Emerging markets equities that were leading the charge at the beginning of the year have suffered some of the biggest declines.
And commo...
DATE: Jun 02, 2006
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OSLO (Bloomberg) ? Golar LNG Ltd., a Bermuda-based owner of liquefied natural-gas tankers, said first-quarter profit rose 58 percent after it took delivery of an 11th vessel and shipping rates increased.
Net income climbed to $27.9 million, or 43 cen...
DATE: Jun 02, 2006
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Fund takes bank stake
ATHENS ? IRF European Finance Investments Ltd., a Bermuda-based investment fund, has agreed to buy as much as 30 percent of the Greek lender Proton Investment Bank.
IRF made a binding agreement to buy shares from two major Proto...
DATE: Jun 02, 2006
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OSLO (Bloomberg) ? SeaDrill Ltd., an oil-drilling company set up by shipping billionaire John Fredriksen, posted a profit in the first quarter as strong demand lifted rig rates and it gained more vessels through acquisitions.
Net income at the Bermud...
DATE: Jun 02, 2006
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NEW YORK (Reuters) ? The US hurricane season kicked off yesterday with another gloomy prediction: major storms could cause $100 billion worth of property loss, and wipe out 20 to 40 insurers.
With a booming coastal population and high-priced real est...
DATE: Jun 02, 2006
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Conyers Dill & Pearman is the leading the Bermuda field when it comes to advising issuers on equity deals, according to the Law Firm League Tables released on May 4.
First Quarter 2006 Law Firm League Tables (January 1 to March 31) released by europr...
DATE: Jun 01, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 34.202 points last week to close at 4,395.86.
During a quiet of week of trading Belco led advancers as it rose 75 cents to close at $38.75 as investors traded in 1,736 shares.
Bermuda Commercial Ban...
DATE: Jun 01, 2006
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NEW YORK (Bloomberg) ? Billionaire financier Wilbur Ross may boost his $100 million investment in Bermuda-based Montpelier Re Holdings Ltd. as demand for reinsurance increases following a record 2005 hurricane season.
"For us, $100 million is not suc...
DATE: Jun 01, 2006
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The Royal Gazette/Bermuda Stock Exchange Index was unchanged at 4,450.97 yesterday as no stocks traded.
In the meantime, the Bermuda Insurance Index surged 9.81 or 0.94 percent to close at 1,049.41 as almost all Bermuda-based insurance and reinsuranc...
DATE: Jun 01, 2006
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