49296 results returned for search: "" category ("Other" AND "Business")
Bermuda reinsurer RenaissanceRe Holdings Ltd. made a net loss of $55.2 million in the fourth quarter of 2008 as investment losses wiped out underwriting profits.
The loss broke down to 91 cents per share, compared to net income of $62.2 million, or 8...
DATE: Feb 12, 2009
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AUTHOR:
Jonathan Kent
XL Capital shares soared 61 percent yesterday as investors saw value in strong underwriting results and looked beyond the company's $2.6 billion net loss in 2008.
Despite a traumatic year for the company, in which it lost billions of dollars through ...
DATE: Feb 12, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
Butterfield Bank dropped 10 cents (1.11 percent) to close at $8.90 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank traded 5,406 shares to close at $8.90.
The only other trader was Stevedoring Services Ltd., which saw 500 s...
DATE: Feb 12, 2009
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london (Bloomberg) — Golden Ocean Group Ltd., Norwegian billionaire John Fredriksen's commodities shipping line, plunged as much as 30 percent in Oslo trading after saying it will begin talks about financing with banks and bondholders.
The company fe...
DATE: Feb 12, 2009
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JOHANNESBURG (Bloomberg) — Bermuda-based Aquarius Platinum Ltd., a producer of the metal in South Africa and Zimbabwe, may have to pay "hefty" costs to refinance its 1.57 billion rand ($159 million) of debt due June 30, Investec Bank Plc said.
"Not o...
DATE: Feb 12, 2009
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NEW YORK (Reuters) - Willis Group Holdings Ltd , the third largest global insurance broker, said Wednesday that its fourth-quarter net income fell about 35 percent, hurt by declines in foreign currency and integration costs from a recent acquisition....
DATE: Feb 12, 2009
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BOSTON (AP) — The wife of disgraced money manager Bernard Madoff withdrew more than $15 million from a firm co-owned by her husband — including $10 million on the day before his arrest on charges he ran a $50 billion Ponzi scheme, the top security re...
DATE: Feb 12, 2009
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About 200 Capital G Visa credit card holders were affected by exposure to the Heartland Payment Systems data breach in the US, the bank has revealed.
Capital G has taken steps to contact all of its affected customers by telephone, put protective cont...
DATE: Feb 11, 2009
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M3 Wireless has launched the BlackBerry Curve 8900, the latest edition of the popular smartphone.
The Bermuda cellular service provider said yesterday that the Curve 8900 is the lightest and thinnest BlackBerry to be equipped with a full "QWERTY" key...
DATE: Feb 11, 2009
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Bermudians will be able to get help and advice with their financial situation thanks to a new Treasure Hunt marketing programme being launched next month.
The game works by contestants simply buying a ticket bearing a clue and solving it, which will ...
DATE: Feb 11, 2009
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