3261 results returned for search: "" category ("International Business" AND "Business")
Flagstone Reinsurance Holdings, SA has announced a management shake-up which will see one of its top executives relocate from Bermuda to New York.
Gary Prestia has been appointed CEO of Flagstone Representatives (US) Inc, and chairman of Mosaic NY, e...
DATE: Aug 11, 2011
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CATEGORY:
International Business
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Bermuda-based Nordic American Tankers Ltd (NAT) reported a net loss of 21 cents per share for the second quarter of 2011 compared to a net loss of 15 cents per share in the first quarter, despite faring better than many of its competitors.
The compan...
DATE: Aug 11, 2011
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CATEGORY:
International Business
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Argo Group International Holdings Ltd has announced that it has reached agreement on a strategic investment in SureTec Financial Corp, the parent of SureTec Insurance Company, a provider of contract and commercial surety bonds.
The 20th largest suret...
DATE: Aug 11, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) Transatlantic Holdings Inc, the reinsurer that has received three takeover offers, will ask Warren Buffett’s Berkshire Hathaway Inc. to improve its $3.25 billion unsolicited bid to win the deal.
The offer from Berkshire’s Nationa...
DATE: Aug 10, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - A unit of Warren Buffett’s Berkshire Hathaway Inc jumped into the bidding war over Transatlantic Holdings Inc, offering to buy the reinsurer for $3.24 billion.
Transatlantic’s board said Sunday it would “carefully consider and ev...
DATE: Aug 08, 2011
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CATEGORY:
International Business
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Expanding Bermuda-based run-off specialist Enstar Group Ltd reported net income of $9.4 million for the second quarter.
The company, which acquires companies and portfolios of business in run-off, reported the earnings, which break down to 66 cents p...
DATE: Aug 08, 2011
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CATEGORY:
International Business
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Alterra Capital Holdings Ltd’s credit rating outlook has been dropped to negative from stable by AM Best after the Bermuda company announced the departure of the leader of its reinsurance operations.
John Berger, has been the reinsurance CEO and a me...
DATE: Aug 08, 2011
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CATEGORY:
International Business
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+ Shares off 4.2 pct, leading decliner in group
+ Analyst keeps 'buy' rating but cites 'noise' in figures
NEW YORK(Reuters) - Shares in bailed-out insurer American International Group Inc hit a 17-month low Friday, as analysts said that the company's...
DATE: Aug 08, 2011
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CATEGORY:
International Business
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Accountants Ernst & Young (EY) has announced three new appointments to its London and Bermuda insurance team.
Paul Cooper, Simon Burtwell and Ben Reid have all been appointed to senior roles due to increased demand from its clients.
Mr Cooper, former...
DATE: Aug 05, 2011
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CATEGORY:
International Business
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Bermuda-based Frontline Ltd., the world’s biggest operator of supertankers, plunged more than 10 percent to its lowest stock price since May 2003 yesterday.
The company closed at 47.02 kroner in Oslo trading, down 5.38 kroner, a fall of 10.25 percent...
DATE: Aug 05, 2011
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CATEGORY:
International Business
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