49296 results returned for search: "" category ("Other" AND "Business")
IPC Holdings said yesterday that third-quarter net income was $115 million, or $1.60 a share, up from a net loss of $656.6 million, or $13.57 a share, a year earlier.
Operating earnings, which exclude net realised gains and losses on investments, wer...
DATE: Oct 25, 2006
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LONDON (Reuters) ? Marsh & McLennan Cos. Inc. is not for sale, the chief executive of the firm?s insurance brokerage arm said in a newspaper interview, after reports yesterday that at least two private equity companies were seeking to buy it.
Brian S...
DATE: Oct 25, 2006
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Bermuda-based Security Capital Assurance Ltd. yesterday reported net income for the third quarter of 2006 of $28.4 million, or $0.49 per share, a ten percent decrease from the year-ago period.
SCA, which was spun off from XL Capital earlier this year...
DATE: Oct 25, 2006
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GENEVA (Bloomberg) ? A Lazard Ltd.-backed company is looking for investors in a fund targeting unlisted businesses in Germany, Spain and Italy.
The new Geneva-based company LFPE, a division of Groupe LFPI with 1.1 billion euros ($1.4 billion) in asse...
DATE: Oct 25, 2006
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The adoption of International Financial Reporting Standards in Canada will have a major impact on reporting standards for Bermuda firms, the new president and chief executive officer of the Canadian Institute of Chartered Accountants (CICA), Kevin Da...
DATE: Oct 24, 2006
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Hiscox Plc has acquired the Lloyd?s business of Global Flying Insurance Services (GFIS) from Lloyd?s broker Besso.
GFIS is an underwriting agency specialising in loss of licence insurance for aviation pilots. Hiscox has been the lead Lloyd?s underwri...
DATE: Oct 24, 2006
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NEW YORK (Bloomberg) ? Marsh & McLennan Cos., the world's largest insurance brokerage, will begin requiring board directors and senior executives to own minimum amounts of company stock.
Directors must hold at least $100,000 of common stock or other ...
DATE: Oct 24, 2006
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LONDON (Reuters) ? Lloyd's of London insurer Wellington Underwriting Plc said today that it is in takeover talks with Bermuda-based rival Catlin Group Ltd.
Shares in Wellington were up nearly 15 percent at 111 pence at 1423 GMT while Catlin shares we...
DATE: Oct 24, 2006
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Partner Re Limited posted net income of $235.8 million or $3.93 per share in the third quarter of 2006 compared to a $288.7 million or $5.48 per share loss in the same period of 2005.
The Bermuda reinsurer predicted a ?mixed? renewal season, but said...
DATE: Oct 24, 2006
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LONDON (Bloomberg) ? Hiscox Plc, a Lloyd?s of London insurer, said the incorporation of the company in Bermuda should be effective in December, as the company seeks to take advantage of zero percent tax rates in the country and lighter regulation tha...
DATE: Oct 24, 2006
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