49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Bloomberg) — Bermuda-based Lancashire Holdings Ltd., the property insurer that first sold shares in London in 2005, said profit more than doubled after losses fell 91 percent.
Net income rose to $103 million in the three months to June 30 com...
DATE: Aug 03, 2009
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NEW YORK (Bloomberg) — Bermuda-based ProtoStar Ltd., the operator of two satellites providing digital television and broadband Internet to Asia, filed for bankruptcy protection in the US, citing a dispute over a contract cancelled by Moscow-based Int...
DATE: Aug 03, 2009
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NEW YORK(Bloomberg) - Aon Corp., the world's biggest insurance brokerage, said second-quarter profit fell 11 percent on higher costs related to job cuts and the acquisition of Benfield Group Ltd.
Earnings excluding the impact of unit sales declined t...
DATE: Aug 03, 2009
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Bermuda reinsurer Validus Holdings Ltd. posted an 81 percent rise in second-quarter net income, thanks to revenue growth, a lack of catastrophe claims and an increase in the market value of its investments.
The company, which is aiming to complete it...
DATE: Aug 03, 2009
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AUTHOR:
Jonathan Kent
Butterfield Bank was one of the busiest traders on The Bermuda Stock Exchange (BSX) last week.
The bank saw its preference shares rise by $25 (2.1 percent) in price to $1,220, with 552 shares traded, while its common shares advanced by 40 cents (9.1 ...
DATE: Aug 03, 2009
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Willis Group Holdings boosted its profits by almost $50 million for the second quarter of 2009 in the face of tough economic conditions.
Reported net income from continuing operations for the quarter ended June 30, 2009 was $87 million or 52 cents pe...
DATE: Aug 03, 2009
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Net income: $6.9 million compared to $6.8 million in 2008
Combined ratio: 97 percent compared to 103.7 percent in 2008
Gross premiums written: $56.7 million compared to $72.6 in 2008
DATE: Aug 03, 2009
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Teekay Offshore Partners plans to offer 6.5 million common units, representing limited partner interests, in a public offering, the Bermuda-based tanker operator announced on Wednesday.
Teekay Offshore expects to grant the underwriters a 30-day optio...
DATE: Aug 03, 2009
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Net income: $137.6 million compared to $75.9 million in 2008.
Gross premiums written: $425 million compared to $379.9 million in 2008.
Combined ratio: 71.9 percent compared to 71 percent in 2008.
DATE: Aug 03, 2009
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XL Capital Ltd. is back on a firm footing and competing well in a tough insurance market, according to the company's boss Michael McGavick.
The Bermuda-based business insurer's chief executive officer told The Royal Gazette the company's book of busi...
DATE: Aug 03, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
