49296 results returned for search: "" category ("Other" AND "Business")
Ace Ltd.'s third-quarter profit was down 92 percent to $54 million, the Switzerland-based insurer reported last night.
The company, which has major operations in Bermuda, is one of a minority in the industry to be able to report a positive net income...
DATE: Oct 29, 2008
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AUTHOR:
Jonathan Kent
Net income: $54 million compared to $656 million in 2007.
Gross premiums written: $5.22 billion compared to $4.46 billion in 2007.
Combined ratio: 97.9 percent compared to 88.5 percent in 2007.
DATE: Oct 29, 2008
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The Royal Gazette/Bermuda Stock Exchange dropped 128.88 points yesterday with BF&M, Belco and KeyTech all hit with major declines.
The BSX closed at 3,685.50, down 3.38 percent from Monday.
KeyTech shares had the highest percentage drop after 6,500 w...
DATE: Oct 29, 2008
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Former Premier Sir John Swan has described a new tax law which stops the deferral of income tax paid on compensation earned by US taxpayers working in Bermuda as a "warning shot across our bows".
The Emergency Economic Stablisation Act of 2008, which...
DATE: Oct 29, 2008
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Bermuda may need to make structural or legislative changes to meet the challenges of the global economic slowdown and the threat that the US will crack down on tax havens, Premier Ewart Brown said on Monday.
Speaking on CNBC's "Squawk Box" with host ...
DATE: Oct 29, 2008
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Net income: loss of $220.4 million compared to profit of $144 million in 2007
Combined ratio: 163.4 percent compared to 60.6 percent in 2007
Gross premiums written: $239.8 million compared to $208.8 million in 2007
DATE: Oct 29, 2008
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RenaissanceRe Holdings Ltd. suffered the full effects of hurricanes Gustav and Ike and the financial crisis, making a net loss of $220.4 million in the third quarter.
The reinsurer estimated having to pay out $276 million in claims for the two hurric...
DATE: Oct 29, 2008
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NEW YORK (AP) - Plastic used to be the sexy material of the future. Now, it's the cheap, ugly material of the past.
Just look at the effort Apple Inc. put into getting rid of plastic when designing its new $1,300 MacBook laptops, which went on sale l...
DATE: Oct 29, 2008
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The US Federal Reserve's expected cut on interest rates today can only be a good thing for Bermuda and other global economies, according to a pair of top economists.
Peter Kotsopoulos, executive vice-president and senior portfolio manager for fixed i...
DATE: Oct 29, 2008
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Butterfield Bank has reported a third-quarter profit of $80.5 million in results bolstered by the sale of its fund services businesses, which resulted in a $115.5 million extraordinary gain.
The bank said the third quarter of 2008 was its highest on ...
DATE: Oct 29, 2008
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