3105 results returned for search: "" category ("International Business" AND "Business")
Validus Holdings Ltd’s net income slipped $70 million for the second quarter as losses for the US tornadoes came in within its pre-announced range.
The re/insurer, which earlier this month put in a $3.5 billion bid for Transatlantic Holdings, reporte...
DATE: Aug 01, 2011
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CATEGORY:
International Business
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White Mountains Insurance Group Ltd’s profits rose to from $2.5 million to $11.7 million during the second quarter after the company sold subsidiaries Esurance and Answer Financial to Allstate.
The company also reported an adjusted book value per sha...
DATE: Aug 01, 2011
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CATEGORY:
International Business
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Maiden Holdings Ltd posted a net loss of $24.4 million for the second quarter, having turned a profit of $18.6 million a year previous.
On June 24, 2011, Maiden completed a $107.5 million offering of 8.25 percent senior notes which mature on June 15,...
DATE: Aug 01, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) - Lazard Ltd., the biggest non-bank merger adviser, reported a 24 percent increase in earnings as revenue from asset management climbed to a record.
Second-quarter profit rose to $65.8 million, or 48 cents a share, from $53 milli...
DATE: Jul 29, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) - Validus Holdings Ltd. said it will begin trading its stock for Transatlantic Holdings Inc shares at the original offer price, shunning a request from the target company’s board for a higher bid.
The directors last week asked Va...
DATE: Jul 26, 2011
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CATEGORY:
International Business
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Bermuda-based Athene Holding Ltd has concluded the acquisition of SCOR SE’s US fixed-annuity subsidiary, Investors Insurance Corp, for $55 million, it has been announced.
SCOR, a Paris-based reinsurer, said in February that it would sell the Jackson...
DATE: Jul 22, 2011
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CATEGORY:
International Business
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More Bermudians should be looking at getting a higher education qualification to help boost the economy and fill specialist jobs previously held by guest workers.
That is according to Economy Minister Kim Wilson, who was addressing the recipients of ...
DATE: Jul 21, 2011
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CATEGORY:
International Business
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The selection criteria for jurisdictions, their specialities and pros and cons was the focus for the opening session of the 10th Insurance Linked Securities Summit held at the Fairmont Southampton yesterday.
The first panel discussion of the day with...
DATE: Jul 20, 2011
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CATEGORY:
International Business
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Butterfield Bank yesterday said Richard Saunders, senior manager responsible for Butterfield Bank (Guernsey) Limited’s asset management business, has been promoted to head of European Asset Management.
His appointment will extend his responsibilities...
DATE: Jul 19, 2011
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CATEGORY:
International Business
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The hundreds of Bermudians working in the Island’s reinsurance industry- even in this economy- are making an average of almost $200,000 a year.
In addition, the Island’s 22 major re/insurers pumped nearly $1 billion ($971 million) into the local econ...
DATE: Jul 15, 2011
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CATEGORY:
International Business
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