49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) ? Max Re Capital Ltd., a Bermuda-based reinsurer, said yesterday that the US Securities and Exchange Commission requested information on the company?s recent decision to restate five years of earnings.
?We received a request to v...
DATE: Aug 01, 2006
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NEW YORK (Bloomberg) ? Sphinx Managed Fund, which has been embroiled in litigation because of its ties to bankrupt Refco Inc., filed its own bankruptcy petition in New York today to protect its US assets while it liquidates overseas.
Sphinx is liquid...
DATE: Aug 01, 2006
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Scottish Re Group Ltd. shares slumped by as much as 82 percent today on the New York Stock Exchange after the Bermuda-based reinsurer announced its CEO had resigned and that it would take a $130 million operating loss this quarter.
Scottish Re shares...
DATE: Jul 31, 2006
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The board of directors of Bermuda Aviation Services Ltd. on Friday declared a quarterly dividend of seven cents per share to shareholders of record Tuesday, August 8, 2006, payable Friday, August 18, 2006.
DATE: Jul 31, 2006
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NEW YORK (Bloomberg) ? Shares of W.P. Stewart & Co., a Bermuda-based asset manager of $8.4 billion, lost almost a quarter of their value on Thursday after second-quarter earnings dropped 27 percent, missing analysts? estimates.
The stock dropped as m...
DATE: Jul 31, 2006
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XL Capital?s spin-off of its financial guaranty insurance and reinsurance business is expected to take place on Wednesday whenSecurity Capital Assurance Ltd. has its initial public offering.
XL announced in June that it will be spinning off the Bermu...
DATE: Jul 31, 2006
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MIAMI (AP) ? A woman who was allegedly severely burned by flaming rum during a Bacardi promotion is suing the Bermuda-based wine and spirits producer, claiming the product was defective and dangerous.
Danielle Alleyne, of Miami, was injured after she...
DATE: Jul 31, 2006
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Two young Bermudian insurance students have just returned from an eye-opening experience in the Chicago insurance market where they had the opportunity to see how insurance is written in a different market from Bermuda.
Ace Tempest Re interns Jonatha...
DATE: Jul 31, 2006
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White Mountains Insurance Group Inc. on Thursday reported lower quarterly earnings as its reinsurance unit posted a $125 million loss from storms in 2005.
The company reported second-quarter earnings of $115.8 million, or $10.72 per share, compared w...
DATE: Jul 31, 2006
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NEW YORK (Bloomberg) ? Ingersoll-Rand Co., the maker of Bobcat machinery and Thermo-King refrigerated trucks, said its second-quarter profit rose ten percent, led by sales of equipment used in commercial construction.
Earnings from continuing operati...
DATE: Jul 31, 2006
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