49296 results returned for search: "" category ("Other" AND "Business")
XL Capital Ltd., a Bermuda-based business insurer, restated its cash-flow figures for every quarter from January 2003 through last June because it incorrectly included the effect of foreign-exchange rates.
The error led some cash flows to be improper...
DATE: Nov 10, 2006
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PRAGUE (Bloomberg) ? Central European Media Enterprises Ltd., owner of the most popular Czech TV station and networks in five other eastern European countries, unexpectedly reported a third-quarter profit because of earnings from Slovakia.
Net income...
DATE: Nov 10, 2006
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The Royal Gazette/Bermuda Stock Exchange Index edged down in light trading as Bermuda Commercial Bank lost ground.
The Index closed down 5.18 points to close at 4,826.00 on volume of 6,193 shares worth $174,158.
Commercial Bank, which last week saw B...
DATE: Nov 10, 2006
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Bermudian businessman Ramadhin (Rammy) Smith has joined forces with veteran insurance executive Arthur (Alex) Underwood to start ReSources (Bermuda) Ltd.
The company has taken an existing reinsurance services concept and made it into an initiative th...
DATE: Nov 10, 2006
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Annuity and Life Re (Holdings), Ltd. yesterday reported a net loss of $205,690 or one cent a share for the third quarter of 2006 compared to a net loss of $2.62 million or 11 cents a share for the same period in 2005.
For the first nine months of the...
DATE: Nov 10, 2006
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NEW YORK (Bloomberg) ? Bermuda-based Global Crossing Ltd., whose fiber- optic network is used by the US Air Force and Microsoft Corp., reported a narrower third-quarter loss because of trimmed real estate and selling costs.
The loss declined to $50 m...
DATE: Nov 10, 2006
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NEW YORK (Bloomberg) ? American International Group Inc., the world?s largest insurer, said third-quarter earnings more than doubled as the company passed the peak of hurricane season unscathed a year after Katrina.
Net income increased to $4.22 bill...
DATE: Nov 10, 2006
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MILAN (Bloomberg) — Assicurazioni Generali SpA, Italy’s biggest insurer, said third-quarter profit gained 23 percent, helped by an increase in non-life premiums and emerging-market sales. The company also raised its full-year profit forecast.Net inco...
DATE: Nov 10, 2006
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ATHENS (Bloomberg) — Bermuda-based Tsakos Energy Navigation announced a doubling of third-quarter profit and said full-year earnings will rise to a record after the company expanded its oil-tanker fleet and increased charges to customers.Net income r...
DATE: Nov 10, 2006
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NEW YORK (Bloomberg) — OneBeacon Insurance Group Ltd., the biggest unit of White Mountains Insurance Group Ltd., saw its shares rise four percent on their first day of trading on the New York Stock Exchange.
OneBeacon raised $600 million in an initia...
DATE: Nov 10, 2006
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