49296 results returned for search: "" category ("Other" AND "Business")
A.M. Best Co. has downgraded the ratings of Endurance Specialty Insurance and Endurance Specialty Holdings by one notch on concerns over Hurricane Katrina losses.
Endurance Specialty Insurance and its operating affiliates now has a financial strength...
DATE: Nov 03, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 16.66 points yesterday to close at 3,806.49 in light trading.
Bank stocks led the Exchange yesterday as Butterfield Bank rose 25 cents to close at $45.75 on volume of 420 shares and Bermuda Commer...
DATE: Nov 03, 2005
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NEW YORK (Reuters) ? The sudden departure of RenaissanceRe Holdings Ltd.?s chief executive during an ongoing accounting investigation sent the Bermuda-based reinsurer?s shares down as much as ten percent yesterday, until the company reassured investo...
DATE: Nov 03, 2005
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LONDON (Bloomberg) ? Amlin Plc, a Lloyd?s of London insurer, plans to raise ?215 million ($381 million) through a share sale to fund a new Bermuda-based reinsurer.
The new company, Amlin Bermuda, will have at least $1 billion of capital from existing...
DATE: Nov 02, 2005
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RenaissanceRe chairman and chief executive James N. Stanard yesterday resigned from the company he founded amid a regulatory probe into the reinsurer?s restatement of a finite risk contract earlier in the year.
RenRe said Mr. Stanard?s departure was ...
DATE: Nov 02, 2005
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Bermuda-based insurance stocks had a banner with investors apparently deciding that premium rates would rise after 2005?s disastrous run of hurricanes.
Leading the way was IPC Re, which jumped 6.15 percent to $27.95 afer successfully raising new capi...
DATE: Nov 02, 2005
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A diversification strategy paid off for BAS yesterday when the company released six month results yesterday showing the company had posted an operating profit of $2.5 million from continuing operations ? up 73 percent from the same period a year ago....
DATE: Nov 02, 2005
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Butterfield Bank?s net income for the third quarter jumped 34 percent as the bank?s local business and overseas expansion strategies appeared to be paying off.
Butterfield said in a statement yesterday that net income rose to $30.6 million for the th...
DATE: Nov 02, 2005
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Two Bermuda document companies hope to sign an agreement this Friday to merge their operations, management told yesterday.
The merger, which is legally an amalgamation, will bring together Central Filing Ltd., a provider of record management services...
DATE: Nov 02, 2005
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Bermuda reinsurer IPC Holdings Ltd. yesterday saw its financial strength rating downgraded from A+ (Superior) to A (Excellent).
Oldwick, New Jersey-based ratings firm AM Best made the downgrade, also lowering its rating to ?a? from ?aa-? on the compa...
DATE: Nov 02, 2005
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