3296 results returned for search: "" category ("International Business" AND "Business")
Mutual Risk Management plans to “take every step available” to fight a Bermuda Appeal Court judgement against the company.
In a statement yesterday, the company, which is in run off, said it will be appealing to the Privy Council.
Siding with US buil...
DATE: Aug 19, 2011
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CATEGORY:
International Business
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LOM (Holdings) Ltd has announced the repurchase of 9,576 of its shares on May 5, 2011 for cancellation at a price of $2.93 per share.
LOM currently has 6,163,874 shares of common stock outstanding.
“These stock repurchase demonstrate our confidence i...
DATE: Aug 17, 2011
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CATEGORY:
International Business
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Bermuda-based Citadel Reinsurance Company Ltd has been assigned a financial strength rating of A- (excellent) and an issuer credit rating of “a-”, both with stable outlooks, by AM Best Co.
The ratings reflect Citadel Re’s “strong balance sheet, excel...
DATE: Aug 15, 2011
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CATEGORY:
International Business
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Ace Ltd’s board of directors has declared a quarterly dividend of 35 cents per share payable on October 21, 2011, to shareholders of record at the close of business on September 30, 2011.
The company also announced its board refreshed its previously-...
DATE: Aug 15, 2011
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CATEGORY:
International Business
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Four re/insurance companies and one broker set up in Bermuda during July, bringing the total number of new companies in the industry for the year to 31.
Class 2 insurer Seven Oaks Insurance Ltd was formed by Marsh IAS Management Services Ltd on July ...
DATE: Aug 11, 2011
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CATEGORY:
International Business
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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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