49296 results returned for search: "" category ("Other" AND "Business")
XL Capital Ltd. unveiled two global moves yesterday with the establishment of a ?formal presence? in Beijing and the announcement of a proposed joint venture in Brazil.
The China Insurance Regulatory Commission approved the opening of XL?s new Repres...
DATE: Jan 31, 2006
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(Bloomberg) ?- Alea Group Holdings Ltd., a Bermuda- based reinsurer, forecast a 2005 after-tax loss of as much as $240 million and may breach an agreement with its lenders after closing to new business because of storm losses and US claims. The share...
DATE: Jan 31, 2006
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Record third quarter hurricane damage in 2005 sent property insurance premiums up sharply in the fourth quarter, reversing a two-year trend of steadily falling property premiums, according to a RIMS Benchmark Survey.
Some commercial insurance buyers ...
DATE: Jan 31, 2006
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Hurricanes sent Everest Re Group, Ltd. to a significant fourth quarter 2005 loss of $162.2 million or $2.63 per share compared to earnings of $93.3 million or $1.64 per share in the fourth quarter 2004. The company previously boosted loss estimates f...
DATE: Jan 31, 2006
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Quanta Capital Holdings ? a Bermuda reinsurer that has seen a wave of senior resignations including its chief executive officer and chief financial officer quitting in the last six months ? yesterday said chief claims officer Mark Cloutier left the c...
DATE: Jan 31, 2006
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NEW YORK (Reuters) ? American International Group Inc. yesterday won court permission to temporarily block a firm run by former chairman Maurice ?Hank? Greenberg from luring insurance clients from the world?s largest insurer.
Greenberg?s firm, C.V. S...
DATE: Jan 31, 2006
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The Royal Gazette/Bermuda Stock Exchange Index gained 24.43 points yesterday to close at 4,004.20.
On a quiet day of trading Butterfield Bank was on the move rising 50 cents to close at $48.50 on volume of 451 shares.
While no other issues changed pr...
DATE: Jan 31, 2006
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Standard & Poor's Ratings Services has assigned its preliminary "BBB" senior debt, "BBB-" subordinated debt, "BB+" junior subordinated, and "BB+" preferred stock ratings to Endurance Specialty Holdings Ltd.'s recently filed universal shelf registrati...
DATE: Jan 30, 2006
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NEW YORK (Bloomberg) ? XL Capital Ltd. said on Friday that Joseph Mauriello, former deputy chairman and chief operating officer of KPMG LLP, joined XL?s board of directors.
Mauriello, who specialiSed in serving global financial clients, was also chie...
DATE: Jan 30, 2006
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Bermuda-based Everest Re Group. Ltd. (RE) on Monday swung to a net loss in the fourth quarter, hurt by hurricane claims.
The company, which kicked off the Bermuda insurance earnings season, posted a net loss of $162.2 million or $2.63 a share, compar...
DATE: Jan 30, 2006
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