49296 results returned for search: "" category ("Other" AND "Business")
Bermuda reinsurer Max Re Capital yesterday saw its share value fall to a level near its 52-week low after it announced an internal investigation that may require an earnings restatement.
The reinsurer saw its shares fall as low as $21.35 after market...
DATE: Mar 28, 2006
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The Royal Gazette/Bermuda Stock Exchange Index gained 9.10 points yesterday to close at 4,381.89.
On a light day of trading LOM led the advances, gaining $1.60 to close at $4.50 as investors traded in 2,000 shares and Stevedoring Services rose 75 cen...
DATE: Mar 28, 2006
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Hurricane losses ate up about one-quarter of the capital held by Bermuda?s largest insurers, a new report from the research arm of UK-based broker Benfield revealed yesterday.
The report, which is compiled based on the quarterly results of 16 major B...
DATE: Mar 28, 2006
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The Isle of Man is ?the offshore centre to beat? for its e-commerce attractions and benefits according to a report commissioned by that jurisdiction which also deems Bermuda ?no longer a viable contender in the e-commerce market?.
UK consultancy Char...
DATE: Mar 28, 2006
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CHICAGO (Bloomberg) ? Allstate Corp., the second-largest home and auto insurer in the US, cut chief executive officer Edward Liddy?s pay ten percent to $11.1 million in 2005.
Liddy?s bonus plunged 85 percent to $538,351, and his long- term incentive ...
DATE: Mar 28, 2006
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Lloyd's of London underwriter Omega, which set up a Bermuda subsidiary late last year, expects to write gross premiums at the top end of expectations, it said on Sunday.
Richard Tolliday, chief executive of Omega, also said in a statement that the co...
DATE: Mar 28, 2006
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Bermuda-registered CRM Holdings Ltd.'s fourth-quarter net income rose slightly to $1.96 million from $1.94 million a year earlier, but its per-share profit fell to 18 cents from 19 cents as the company had more shares in the latest quarter as a resul...
DATE: Mar 28, 2006
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BOSTON (Bloomberg) ? Billionaire Thomas Lee, who founded buyout firm Thomas H. Lee Partners LP 32 years ago, stepped down to start another private-equity venture and expand his hedge fund.
?We?ve separated amicably, and I intend to re-enter private e...
DATE: Mar 27, 2006
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Bermuda is being eyed as the first offshore location for a mobile satellite company which is poised to launch high-capacity satellites and provide voice communications at affordable prices.
Mobile Satellite Ventures is working to provide next generat...
DATE: Mar 27, 2006
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I have owned shares of American International Group Inc. for more than a decade and can?t believe all the troubles it has had in recent years. Are things looking up? ? J.T., via the Internet
The world?s largest insurer by market value has to hope the...
DATE: Mar 27, 2006
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