76472 results returned for search: "" category "Business"
Montpelier Re Holdings Ltd. shares plummeted 20 percent in afternoon trading yesterday after the Bermuda-based reinsurer reported a steep drop in third-quarter profit due to losses from hurricanes that hit the Gulf Coast.
Shares of the company closed...
DATE: Nov 04, 2005
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The two-day Industry Consultation Roundtable held last weekend among telecommunications operators will lead to greater clarity on licensing regulations, one of the participants said this week
Igility Limited director Jamie Thain said the Ministry of ...
DATE: Nov 04, 2005
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The Island?s insurance market is poised to see a surge of incorporation activity as investors from both sides of the Atlantic line up to take advantage of an expected increase in reinsurance pricing.
So far, US and UK insurance veterans and investors...
DATE: Nov 04, 2005
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A.M. Best has assigned a financial strength rating of A- and issuer credit ratings of a- to the new GeoVera Insurance Group and its four operating entities.
Best assigned a stable outlook for Bermuda-based GeoVera Re Ltd., which was licensed by the B...
DATE: Nov 03, 2005
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Stephen Green, group chief executive of Britain?s HSBC Plc, says his bank will continue to bring more services to individual and corporate clients on the Island.
Mr. Green, who is based in London, spoke about HSBC?s plans to expand its offerings in t...
DATE: Nov 03, 2005
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Axis Capital Holdings shares climbed almost six percent yesterday after the Bermuda-based company assured analysts that if further capital raising became necessary this year, it would be ?efficient? for current shareholders.
Axis raised $250 million ...
DATE: Nov 03, 2005
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A.M. Best Co. has downgraded the ratings of Endurance Specialty Insurance and Endurance Specialty Holdings by one notch on concerns over Hurricane Katrina losses.
Endurance Specialty Insurance and its operating affiliates now has a financial strength...
DATE: Nov 03, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 16.66 points yesterday to close at 3,806.49 in light trading.
Bank stocks led the Exchange yesterday as Butterfield Bank rose 25 cents to close at $45.75 on volume of 420 shares and Bermuda Commer...
DATE: Nov 03, 2005
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NEW YORK (Reuters) ? The sudden departure of RenaissanceRe Holdings Ltd.?s chief executive during an ongoing accounting investigation sent the Bermuda-based reinsurer?s shares down as much as ten percent yesterday, until the company reassured investo...
DATE: Nov 03, 2005
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LONDON (Bloomberg) ? Amlin Plc, a Lloyd?s of London insurer, plans to raise ?215 million ($381 million) through a share sale to fund a new Bermuda-based reinsurer.
The new company, Amlin Bermuda, will have at least $1 billion of capital from existing...
DATE: Nov 02, 2005
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