76472 results returned for search: "" category "Business"
XL Capital Ltd., a Bermuda-based property and casualty insurer, said last night claims from Hurricanes Katrina and Rita will lead to an operating loss for the year. The storms and other third-quarter catastrophes will cost the company about $1.47 bil...
DATE: Oct 26, 2005
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WRITS
A writ has been filed by Renren Holdings Limited against Lau Kwok Fai, Wai Ka Sang, Cheng Siu, Ying Pinky, and Tsang Ching Biu.
A writ has been filed by Lois Outerbridge against the Bermuda Housing Corporation and Ethel Van Putten.
A writ has b...
DATE: Oct 26, 2005
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PartnerRe Ltd., a Bermuda reinsurer, yesterday said it expects to pay out claims for damage wrought by Hurricane Wilma in both Mexico and Florida.
The storm battered parts of Mexico and the Caribbean over the week-end, and areas of southern Florida o...
DATE: Oct 26, 2005
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(Bloomberg) ? Chubb Corp., an insurer of commercial property and high-end homes, said third-quarter profit fell 32 percent on claims from Hurricanes Katrina and Rita.
Net income declined to $246.4 million, or $1.20 a share, from $364 million, or $1.8...
DATE: Oct 26, 2005
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Platinum Underwriters Holdings Limited has appointed Lily B. Outerbridge as vice president, director of investor relations.
Ms Outerbridge will be responsible for Platinum's internal and external communications, including investor relations functions...
DATE: Oct 26, 2005
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Maurice (Hank) Greenberg told the New York Post he was ?stunned? when American International Group Inc. removed him as chief executive officer in March amid an accounting probe.
?To say I was stunned when I was notified ... by telephone ... that I wa...
DATE: Oct 26, 2005
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A new Bermuda-based reinsurer, capitalised with $1.5 billion, is expected to be up and running by next month.
The new company ? to be called Harbor Point Limited ? is expected to sell property and casualty reinsurance on a global basis.
Harbor Point ...
DATE: Oct 26, 2005
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Butterfield Select Invest Fund Limited was launched this week by Butterfield Asset Management as a globally diverse mutual fund. Butterfield Asset Management, the investment division of Butterfield Bank, introduced the new fund offering investors exp...
DATE: Oct 26, 2005
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The growth outlook for the US economy is still quite positive, although there is obviously some downside risk if the consumer stumbles. As the economy is operating close to capacity, with little slack in the system, it is reasonable to expect that co...
DATE: Oct 26, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 2.7 points yesterday to close at 3,771.64.
Butterfield Bank remained unchanged at $45.50 on volume of 601 shares, while Bermuda Press Holdings ? owners of The Royal Gazette ? rose 75 cents to clos...
DATE: Oct 26, 2005
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