49296 results returned for search: "" category ("Other" AND "Business")
Bermuda's captive industry accounted for almost one third of business written globally during 2008, according to the latest figures from the Bermuda Monetary Authority (BMA).
The BMA's Regulatory Update for September 2009 revealed that the Island's c...
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
Butterfield Bank recorded a profit of $7 million for the third quarter as low interest rates impacted the bank's profitability.
Net income dropped from $80.5 million posted for the same period last year, which included the gain on the sale of its fun...
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
Net income: $5 million compared to a loss of $4.3 million in 2008.
Gross premiums written: $92.6 million compared to $74.5 million in 2008.
Combined ratio: 100.2 percent compared to 103.2 percent in 2008.
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
Bermuda insurer American Safety Insurance Holdings, Ltd. last night reported net earnings of $5 million for the third quarter, as underwriting revenue soared.
The company said that gross premiums written climbed 24.3 percent to $92.6 million in the J...
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
LONDON - Britain's top shares fell 2.3 percent to hit a three-week closing low, dragged down by falls in energy stocks after BG Group posted a sharp drop in net profit, while miners tracked weaker metals.
The FTSE 100 closed at 5,080.42 points, down ...
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
TORONTO (Reuters) - Toronto's main stock index skidded to its lowest close in nearly two months yesterday as a drop in oil prices shook EnCana Corp. and other energy companies and as surprisingly bleak US home sales data raised doubts about economic ...
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — American International Group Inc., once the world's largest insurer, is being dismantled by Asian and European buyers spurred by the plunge in the dollar and a dearth of US bidders.
More than 90 percent of $9 billion in assets ...
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
Banking proved to be the busiest sector on The Bermuda Stock Exchange (BSX) yesterday.
Butterfield Bank's common shares rose five cents (1.3 percent) to $4, with 15,700 shares traded, while its preference shares fell $5 (0.4 percent) to $1,220, as 3,...
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — The insurance industry has underpriced its policies, with "cowboys" setting unreasonable rates for coverage, Ace Ltd. chief executive officer Evan Greenberg said.
Ace's third-quarter premium revenue fell six percent to $3.39 bi...
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
Bermuda business insurer XL Capital Ltd. last night posted a net loss of $11.4 million for the third quarter — primarily due to $310.8 million of realised investment losses.
But the company, which made a loss of more than $2.5 billion in a traumatic ...
DATE: Oct 29, 2009
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
