3259 results returned for search: "" category "International Business"
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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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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