3082 results returned for search: "" category ("International Business" AND "Business")
It’s been rumoured for a couple of months now, but according to The Financial Times, it’s a done deal — Goldman Sachs has sold off a 75 percent stake in Bermuda-based Ariel Re.
The Wall Street investment bank only bought Ariel’s insurance and reinsur...
DATE: Feb 26, 2013
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CATEGORY:
International Business
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NEW YORK (Bloomberg) — American International Group Inc. plans to rebuild life-insurance sales outside the US after divesting operations in Asia and Europe to help repay a taxpayer bailout, chief executive officer Robert Benmosche said.
“We’re going ...
DATE: Feb 25, 2013
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CATEGORY:
International Business
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Lloyd’s of London insurers including American International Group Inc.’s Ascot Underwriting are facing claims on the theft of $50 million in diamonds from a Brussels airport, Bloomberg News reported yesterday, citing people with knowledge of the poli...
DATE: Feb 22, 2013
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CATEGORY:
International Business
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American International Group said it posted a loss in the fourth quarter as the insurer absorbed billions in losses related to payouts on damage caused by Superstorm Sandy and the sale of its airplane leasing unit.
The New York-based company said yes...
DATE: Feb 22, 2013
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CATEGORY:
International Business
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Lancashire Holdings Limited has appointed Samantha Hoe-Richardson as a non-executive director. The appointment was made on Wednesday.
Ms Hoe-Richardson is head of sustainable development and energy for leading mining and natural resources cmpany Angl...
DATE: Feb 22, 2013
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CATEGORY:
International Business
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Bermuda’s Validus Holdings had its senior unsecured credit rating raised one level to BBB+ by Fitch Ratings for producing better underwriting results than peers.
“The ratings upgrade reflects Validus’ solid operating performance and internal capital ...
DATE: Feb 22, 2013
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CATEGORY:
International Business
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White Mountains Solutions Holding Company, a wholly owned subsidiary of Bermuda-based White Mountains Insurance Group Ltd. and the group’s specialist runoff acquisition operation, announced yesterday it has agreed to buy Empire Insurance Co. from Leu...
DATE: Feb 22, 2013
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CATEGORY:
International Business
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RenaissanceRe Holdings Ltd is to increase the quarterly dividend to $0.28 per common share, from $0.27.
The increase was voted on by the company’s board of directors and will be payable on March 28 to shareholders of record on March 15 2013. The comp...
DATE: Feb 21, 2013
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CATEGORY:
International Business
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Endurance Specialty Holdings has named Jerome Faure as the new chief executive officer of the company’s global reinsurance unit.
Mr Faure joins the Bermuda-based property and casualty insurer from Don Kramer’s start-up fund manager, ILS Capital Mana...
DATE: Feb 21, 2013
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CATEGORY:
International Business
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Bermuda-based re/insurer Maiden Holdings Ltd last night reported a loss for its fourth quarter as it dealt with claims from Superstorm Sandy.
The company posted a net loss of $10.3 million, or14 cents per diluted common share, compared with net inco...
DATE: Feb 21, 2013
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CATEGORY:
International Business
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