49296 results returned for search: "" category ("Other" AND "Business")
Shares of Argus Group Holdings Ltd. fell to their lowest value in almost six years yesterday to nudge The Royal Gazette / Bermuda Stock Exchange (BSX) index lower.
The insurer and pension provider fell 50 cents, or 5.6 percent, to close on $8.50, on ...
DATE: Feb 13, 2009
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ZURICH (Bloomberg) — Swiss Reinsurance Co., the reinsurer that turned to Warren Buffett last week for capital, replaced chief executive officer Jacques Aigrain after record losses wiped out more than a third of its market value in a week.
The board o...
DATE: Feb 13, 2009
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validus Q3
REPORT CARD
Net income: $37 million compared to $139 million in 2007.
Combined ratio: 89.5 percent compared to 63.1 percent in 2007.
Gross premiums written: $191.7 million compared to $191 million in 2007./B>
Validus Holdings Ltd. last nig...
DATE: Feb 13, 2009
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NEW YORK (AP) — The stock market made a late-day comeback, hoping that homeowners will get more help with their mortgages.
A Reuters report that the government plans to subsidise troubled homeowners' mortgage payments helped the Dow Jones industrial ...
DATE: Feb 13, 2009
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LONDON (Bloomberg) — American International Group Inc.'s financial products unit, which brought the firm to the verge of collapse with bad bets on credit-default swaps, is being investigated by UK prosecutors for possible criminal conduct.
Investigat...
DATE: Feb 13, 2009
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WASHINGTON (AP) — Nearly five million Americans continued to draw jobless benefits late last month, and new requests again exceeded 600,000 as companies lay off scores of workers amid a deepening recession.
In slightly better economic news, retail sa...
DATE: Feb 13, 2009
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Fitch has maintained a "negative" rating outlook for the Bermuda insurance and reinsurance market — but it believes that the Island's companies are less likely to be downgraded than competitors elsewhere.
Uncertainty tied to the continued highly vola...
DATE: Feb 13, 2009
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AUTHOR:
Jonathan Kent
Butterfield Asset Management (BAM) has won an Offshore Money Fund Award from iMoneyNet.
The Butterfield Money Market Fund (Euro Class) was cited as the top Euro-denominated fund reporting to iMoneyNet's Offshore Money Fund Report.
John Humphreys, ma...
DATE: Feb 13, 2009
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ARGO GROUP Q4
REPORT CARD
Net income: $11.8 million compared to $23.5 million in 2007.
Combined ratio: 98.6 percent compared to 95.2 percent in 2007.
Gross premiums written: $379.6 million compared to $284.4 million in 2007.
Bermuda-based Argo Group ...
DATE: Feb 13, 2009
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AUTHOR:
Jonathan Kent
It's a dog's life for Richard Brindle, Lancashire Holdings Ltd.'s top boss.
For the executive director, chief executive officer and chairman of the Group underwriting committee, who balances his time between the company's headquarters in Bermuda and ...
DATE: Feb 13, 2009
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