49296 results returned for search: "" category ("Other" AND "Business")
Credit ratings agencies gave a less than enthusiastic welcome to XL Capital Ltd.'s plan to extricate itself from potential future costs relating to affiliate Security Capital Assurance Ltd. (SCA).
Both Moody's Investors Service and AM Best put the co...
DATE: Jul 30, 2008
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CATEGORY:
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AUTHOR:
Jonathan Kent
Bermuda-based RenaissanceRe Holdings Ltd. yesterday reported net earnings of $135.7 million for the second quarter, down 26 percent on the same period of last year.
Low catastrophe losses enabled the company to record a combined ratio of 53.5 percent...
DATE: Jul 30, 2008
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CATEGORY:
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AUTHOR:
Jonathan Kent
Last time we looked in outline at social networking sites, such as MySpace and Facebook. I want to go a little deeper today and look at how these sites are developing, and how we should go about keeping an eye on our young persons use, without becomi...
DATE: Jul 30, 2008
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Well, the latest entrant in the search engine space now claims to have catalogued 121,617,892,992 web pages.
This number adds up to three times as many as Google, say Cuil's founders, some of whom are ex-Google staff out on their own adventure.
But d...
DATE: Jul 30, 2008
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Ace Ltd. posted record quarter results as its profits rose by 15 percent or almost $100 million during the second quarter of 2008, boosted by a unit bought from Aon Corp.
The global insurer, which has its principal executive offices in Bermuda, saw i...
DATE: Jul 30, 2008
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Endurance Specialty Holdings Ltd. reported a 24 percent drop in its net income during the second quarter.
The company reported a net income of $103.3 million and $1.56 per common share for the second quarter of 2008, versus net income of $135.3 milli...
DATE: Jul 30, 2008
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Bermuda-based Ram Holdings Ltd. yesterday said its bond reinsurance unit Ram Re paid out $94.4 million to cut its exposure to mortgage-linked bonds.
The payment allowed the company to rid itself of exposure to a $3.5 billion portfolio with XL Financi...
DATE: Jul 30, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank Group has appointed Cornelio Cappelletti as the managing director of Butterfield Asset Management Switzerland Ltd.
Butterfield Asset Management Ltd., based in Zurich, specialises in providing wealth management services to private cl...
DATE: Jul 30, 2008
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Specialist Lloyd's insurer Advent Capital (Holdings) Plc reported a lower pre-tax profit on higher single-risk property losses and warned that competitive conditions in its principal lines of businesses are affecting rates and premium signings.
The c...
DATE: Jul 30, 2008
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SAO PAOLO (Bloomberg) - FIR Capital Ltd., a Bermuda-based venture capital company that focuses its activities in Brazil, cancelled a public offering in the country.
The company, which announced plans in January to sell Brazilian depositary receipts, ...
DATE: Jul 30, 2008
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