3096 results returned for search: "" category "International Business"
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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Marsh & McLennan Companies Inc (MMC) boosted its profits by 19 percent during the second quarter as revenue streams increased across the board.
The New York-based insurance broker’s net income rose to $282 million from $236 million last year, includi...
DATE: Aug 04, 2011
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CATEGORY:
International Business
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Bermuda-based oils ervices provider Archer Ltd, through a wholly-owned subsidiary, has sealed a deal to buy all of Great White Energy Services’ operating companies for $742 million on a cash and debt free basis.
Great White Energy Services, which was...
DATE: Aug 04, 2011
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CATEGORY:
International Business
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Bermuda-based luxury resort operators Orient-Express Hotels Ltd reported net earnings of $5.2 million for the second quarter as the premier leisure travel market continued to pick up.
That compared to a net loss of $800,000 in 2010.
So far this year ...
DATE: Aug 04, 2011
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CATEGORY:
International Business
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Bermuda features prominently in a report on US corporate tax avoidance released this month.
The report entitled ‘Corporate America Untaxed: Tax Avoidance on the Rise’, which was published by The Greenling Institute, a national policy, research, organ...
DATE: Aug 02, 2011
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CATEGORY:
International Business
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NEW YORK (AP) - Transatlantic Holdings Inc on Thursday said its board rejected a hostile takeover bid from fellow insurer Validus Holdings Ltd, and remained committed to go ahead with plans to combine the company with Switzerland-based Allied World A...
DATE: Aug 01, 2011
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CATEGORY:
International Business
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