49296 results returned for search: "" category ("Other" AND "Business")
Catastrophe risk management specialist Risk Management Solutions (RMS) has released a 10-year retrospective report on the Ice Storm that devastated Ontario and Quebec and part of the northeastern US in 1998.
Despite the positive advances made in the ...
DATE: Jan 14, 2008
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NEW YORK (Bloomberg) — Bermuda-based Ingersoll-Rand Co., the maker of Thermo King refrigerated trucks, took a $277 million charge in the fourth quarter, boosting its reserve to cover asbestos claims through 2053.
The charge, which is after tax, refle...
DATE: Jan 14, 2008
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LONDON - Alea Group Holdings (Bermuda) Ltd. said it expects to record an after-tax loss of about $8.8 million in the fourth quarter of 2007, after it has reached an agreement to fully and finally commute all exposure under an excess of loss reinsuran...
DATE: Jan 14, 2008
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NEW YORK (Bloomberg) — US state and local governments sold a smaller portion of bonds with insurance during the first full week of 2008 than they did last month, as several insurers seek to raise capital to defend their AAA ratings.
Bonds guaranteed ...
DATE: Jan 14, 2008
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LAS VEGAS (AP) — It probably goes without saying that no one actually needs a dancing MP3 player or a music-playing Taser holster or a drink cooler that can be ridden like a scooter.
But some vendors at the International Consumer Electronics Show are...
DATE: Jan 14, 2008
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Britain's Treasury has tapped the chairman of Bermuda insurance company Ironshore to to head Northern Rock if the troubled UK mortgage lender is nationalised, according to media reports on Saturday.
Ron Sandler, a former chief executive of London ins...
DATE: Jan 14, 2008
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DETROIT (Reuters) - General Motors Corp sales in North America have been tracking ahead of last year so far in January, supported by demand for the Chevrolet Malibu and Cadillac CTS, GM's North American sales chief said yesterday.
"The first couple o...
DATE: Jan 14, 2008
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DETROIT (AP) — Hybrids, advanced diesels and green alternatives are pushing aside the traditional displays of speed and chrome at this week's Detroit auto show, a nod to a new fuel-efficient reality for car makers.
Automakers, only weeks after Congre...
DATE: Jan 14, 2008
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Bermuda-based insurer Kiln has boosted the international network of marine cargo specialist side of its business with the acquisition of International Marine (Underwriting Agency) Ltd. (IMUA).
IMUA, which has offices in London, Manchester, Leeds and ...
DATE: Jan 14, 2008
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Lloyd's of London insurer Amlin saw gross written premium, before deduction of brokerage, fall by five percent to £1.03 billion ($2 billion) in 2007 but remains confident it can cope with more difficult trading conditions.
"Premium income was modestl...
DATE: Jan 14, 2008
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