49296 results returned for search: "" category ("Other" AND "Business")
Bermuda reinsurer PartnerRe yesterday revealed it had made a third-quarter underwriting profit despite the impact of hurricanes Gustav and Ike.
And the company's chief executive officer Patrick Thiele declared that the company had the capital to resp...
DATE: Oct 11, 2008
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AUTHOR:
Jonathan Kent
Like a piano player in a cheap bar, I take requests. I had one this week, from a woman who asked if I might spend more time explaining how the economic system works. Delighted to oblige. The subject this week is the short selling of shares. It's tech...
DATE: Oct 11, 2008
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WASHINGTON (Bloomberg) — US Treasury Secretary Henry Paulson said last night the US will buy equity "as soon as we can" in banks and other financial institutions to restore market stability and revive economic growth.
The Treasury is "working to deve...
DATE: Oct 11, 2008
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Bermuda-based business insurer XL Capital Ltd. recovered some of the enormous losses its share price suffered over the past week after the company announced estimated investment losses of around $1 billion for the third quarter.
XL, which had shed 80...
DATE: Oct 11, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank rallied yesterday to a $0.15 gain (1.27 percent) after more than a week of decline. BNTB shares closed at $11.95 after 55,621 were traded.
Belco fared less well, however, falling another 4.47 percent yesterday to close at $16, down $...
DATE: Oct 10, 2008
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The future of Bermuda's insurance industry was showcased at the Bermuda Insurance Institute (BII) Education Awards lunch 2008 held at the Fairmont Hamilton Princess yesterday.
A total of 126 students achieved 132 qualifications in 16 different areas ...
DATE: Oct 10, 2008
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HOLD UNTIL PIC IS READY
Strands Skin Spa and Health Salon is celebrating its 30th anniversary this year.
Since its inception in December 1978, the hair and beauty salon has relocated from Bermudiana Road to Reid Street and grown from five to 35 emplo...
DATE: Oct 10, 2008
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NEW YORK (Bloomberg) — Ace Ltd., the insurer that moved its headquarters to Zurich from Bermuda, said third-quarter earnings fell and the value of investments declined by $1.5 billion.
Operating income, which excludes losses on holdings, was $1.44 to...
DATE: Oct 10, 2008
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TORONTO, (Reuters) - The main index of the Toronto Stock Exchange plunged almost 5 percent yesterday as mounting gloom over the state of the economy and the US financial sector sent investors fleeing the market in a broad rout.
The financial sector w...
DATE: Oct 10, 2008
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Shares of troubled Bermuda insurance giant XL Capital shot up 38 percent in early trading today after the company revealed third-quarter investment losses could top $1 billion.
In a statement issued this morning, the company estimated that its book v...
DATE: Oct 10, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
