49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Everest Re Group Ltd. swung to a third-quarter profit and beat earnings estimates as the company benefited from a milder hurricane season compared to the same period last year.
The reinsurer earned $245.7 million, or $3.76 per share, ve...
DATE: Oct 24, 2006
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Platinum Underwriters Holdings, Ltd. posted a profit in the the third quarter as the quiet hurricane season and improved investment performance boosted the reinsurer?s bottom line.
Platinum said net income for the three months ending on September 30 ...
DATE: Oct 24, 2006
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The Royal Gazette/Bermuda Stock Exchange Index remain unchanged yesterday to close at 4,950.25.
On a moderate day of trading, Butterfield Bank traded 14,036 shares to close unchanged at $56.50 and BF&M saw 1,200 shares trade unchanged at $18.
The tot...
DATE: Oct 24, 2006
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XL Capital Ltd. today said it earned $425.9 million in the third quarter after emerging unscathed from the peak of the hurricane season.
Net income was $2.32 a share, compared with a net loss of $1.04 billion, or $7.53, a year earlier, the company sa...
DATE: Oct 24, 2006
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MELBOURNE (Dow Jones) ? Australian toll road developer Transurban Group is to move its domicile to Bermuda in order to make it easier to invest around the world while still making cash distributions to its Australian investors.
Transurban said yester...
DATE: Oct 24, 2006
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The possibility that Bermuda Commercial Bank may be sold has given the Island's third bank a ratings lift.
Fitch Ratings said yesterday it was revising the the bank's Rating Watch status to "Evolving" from "Negative", meaning it is less likely the ba...
DATE: Oct 24, 2006
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AIX-EN-PROVENCE, France (AP) ? A French court ruled last week that the former head of a bank tied to the collapse of US commodities brokerage Refco Inc. can be extradited to Austria.
Helmut Elsner, 71, can be extradited immediately, despite his lawye...
DATE: Oct 23, 2006
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The division, called Syndicate 3820, will be able to insure as much as ?65 million ($121 million) of business in 2007, the London-based company said in a Regulatory News Service statement last week.
Hardy will increase underwriting by 75 percent to ?...
DATE: Oct 23, 2006
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OMAHA, Nebraska (AP) ? General Reinsurance Corporation, the reinsurance giant owned by Warren Buffett?s Berkshire Hathaway Inc., learned last week that the company is not a target of the federal investigation into the collapse of insurer Reciprocal o...
DATE: Oct 23, 2006
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NEW YORK (Bloomberg) ? Warren Buffett?s Berkshire Hathaway Inc. agreed to assume as much as $7 billion of risks held by former investors in Lloyd?s of London, taking on potential asbestos claims that once threatened the London insurance market?s exis...
DATE: Oct 23, 2006
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