3259 results returned for search: "" category "International Business"
Ironshore has announced the acquisition of Excess Risk Reinsurance (ERR), a leading managing general underwriter that specialises in the employer stop loss insurance sector.
ERR will operate as a wholly-owned subsidiary of Ironshore Insurance Servic...
DATE: Feb 15, 2013
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CATEGORY:
International Business
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Allied World Assurance Company Holdings last night reported strong full-year 2012 results despite taking a hard hit from Hurricane Sandy in the fourth quarter.
Net income for the year was $493 million, compared to a net income of $274.5 million for ...
DATE: Feb 14, 2013
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CATEGORY:
International Business
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Maurice “Hank” Greenberg’s Starr Cos. is expanding in US crop insurance, joining Bermuda’s Validus Holdings in bets on agriculture after last year’s drought fuelled higher costs for the coverage.
The Starr Indemnity & Liability Co. unit won approval ...
DATE: Feb 14, 2013
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CATEGORY:
International Business
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Willis Group Holdings PLC posted a 6.3 percent increase in revenues for the fourth quarter of 2012 to $871 million, the company reported Tuesday night.
However, the London-based broker also reported a net loss of $804 million for the quarter compared...
DATE: Feb 14, 2013
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CATEGORY:
International Business
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Bermuda-based fund administrator, Opus Fund Services, has announced the expansion of its US platform with the opening of its New York office. The Park Avenue location will initially focus on business development and will be headed by the new director...
DATE: Feb 13, 2013
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CATEGORY:
International Business
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Bermuda-based re/insurer, Arch Capital Group yesterday reported a fourth quarter profit of nearly $14 million despite heavy losses from Hurricane Sandy.
The net income of $13.7 million compared to a net income of $138.9 million for the fourth quarte...
DATE: Feb 12, 2013
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CATEGORY:
International Business
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Severe flooding in Australia and Indonesia and the worst tornado outbreak in the US since 2008 drove global insurance costs in January, causing economic losses of more than $6 billion and insured losses of about $800 million.
That’s according to a ne...
DATE: Feb 12, 2013
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CATEGORY:
International Business
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Insurer CNA Financial has reported a loss for its fourth quarter as it dealt with claims from Superstorm Sandy.
The company reported a full-year net profit of $628 million after taking a $9 million net loss in the fourth quarter, or three cents per ...
DATE: Feb 12, 2013
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CATEGORY:
International Business
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While electricity, roads and transportation remain problematic, much of the Northeast of the US was in recovery mode yesterday digging out from a deadly weekend snowstorm.
The blizzard packing hurricane-force winds hammered the northeastern US on Sa...
DATE: Feb 12, 2013
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CATEGORY:
International Business
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If there is one thing that Bermuda has over the Cayman Islands, it’s a very large yacht.
In fact, it’s the largest privately owned yacht in the world — the 533-foot Eclipse owned by Russian billionaire Roman Abramovich — now docked in Hamilton, which...
DATE: Feb 07, 2013
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CATEGORY:
International Business
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