49296 results returned for search: "" category ("Other" AND "Business")
MUNICH (Bloomberg) — Hannover Re, the world’s fourth-biggest reinsurer, said first-quarter profit rose 17 percent as higher investment income and a lower tax rate helped cushion claims from winter storm Kyrill.Net income rose to 123.5 million euros (...
DATE: May 04, 2007
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Bermuda remains the world’s number one captive domicile — but it faced plenty of competition from rival jurisdictions attracting the attention of risk managers at RIMS this week.
Barely 30 yards away from the impressive Bermuda booth, was the station...
DATE: May 04, 2007
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NEW YORK (Bloomberg) — Nabors Industries Ltd., the world’s largest onshore oil and natural-gas driller, said first-quarter profit rose 2.1 percent as customers spent more to tap energy deposits.Net income climbed to $262.2 million, or 92 cents per sh...
DATE: May 04, 2007
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Mutual fund company WP Stewart yesterday announced it had suffered a first quarter loss of $1.8 million or four cents a share after taking a one-time charge of $5.8 million to deal with the termination of certain employees.
Bermuda-based WP Stewart, ...
DATE: May 04, 2007
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NEW YORK (Bloomberg) — American International Group Inc. lost about $5 million in annual premiums from Gap Inc. two years ago because Jenny Novoa was sick of AIG’s billing delays.The risk manager at the largest US clothing retailer said she’s now thi...
DATE: May 04, 2007
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ZURICH (Bloomberg) — UBS AG, the world’s biggest money manager, reported a third straight decline in quarterly profit and said it plans to scrap the hedge fund run by John Costas after losses in the US mortgage market.First-quarter net income fell se...
DATE: May 04, 2007
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The 2006 tax filing season has seen more retroactive changes by the Internal Revenue Service and Congress than we can recall in the past 30 years. Normally our tax software provider will furnish us with an updated CD about three times during the peri...
DATE: May 04, 2007
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NEW YORK (Bloomberg) — Refco Inc., the bankrupt futures trader, got approval to use $7.5 million in insurance proceeds to pay the defence costs of former chief executive officer Phillip R. Bennett and other former directors and officers.US Bankruptcy...
DATE: May 04, 2007
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SOFIA (Bloomberg) — AIG Global Investment Group yesterday agreed to acquire 65 percent in Bulgarian Telecommunications Co., the country’s largest fixed-line operator, from Icelandic billionaire Thor Bjorgolfsson for 2.11 billion lev ($1.47 billion).T...
DATE: May 04, 2007
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Bermuda-headquartered internet multi-currency payment solutions provider First Atlantic Commerce Ltd. (FAC) is providing payment network access and banking relationships into Asian Pacific markets.
The company's new credit card payment solution allow...
DATE: May 04, 2007
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