49296 results returned for search: "" category ("Other" AND "Business")
A new Bermuda-based reinsurer, capitalised with $1.5 billion, is expected to be up and running by next month.
The new company ? to be called Harbor Point Limited ? is expected to sell property and casualty reinsurance on a global basis.
Harbor Point ...
DATE: Oct 26, 2005
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Butterfield Select Invest Fund Limited was launched this week by Butterfield Asset Management as a globally diverse mutual fund. Butterfield Asset Management, the investment division of Butterfield Bank, introduced the new fund offering investors exp...
DATE: Oct 26, 2005
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The growth outlook for the US economy is still quite positive, although there is obviously some downside risk if the consumer stumbles. As the economy is operating close to capacity, with little slack in the system, it is reasonable to expect that co...
DATE: Oct 26, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 2.7 points yesterday to close at 3,771.64.
Butterfield Bank remained unchanged at $45.50 on volume of 601 shares, while Bermuda Press Holdings ? owners of The Royal Gazette ? rose 75 cents to clos...
DATE: Oct 26, 2005
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(Bloomberg) ? Dubai?s government and California billionaire Ronald Burkle offered about $828 million for Refco Inc.?s regulated brokerage unit, topping two earlier bids. Investors including Leon Black said they may join an auction for the failed comp...
DATE: Oct 25, 2005
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Argus Insurance Company Limited (AIC) looks set to be transformed next month into Argus Group Holdings Limited as the AIC Group restructures its organisation.
AIC shareholders have been notified that a meeting is scheduled for November 24 at the Berm...
DATE: Oct 25, 2005
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NEW YORK (Reuters) ? Insurers and disaster modellers foresee up to $10 billion in losses from Hurricane Wilma, putting it among the ten most expensive hurricanes ever, but well below Katrina?s $35 billion cost.
But shares of insurers with heavy expos...
DATE: Oct 25, 2005
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Financial ratings firm AM Best Co. has downgraded its ratings on Montperlier Re Holdings Ltd., a Bermuda reinsurer expected to see a large percentage of its capital sapped by Hurricane Katrina claims.
Montpelier, which quickly tapped capital markets ...
DATE: Oct 25, 2005
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The Bank of Bermuda plans to consolidate operations by moving its 1,160 employees from seven offices into three ? a development that could flood an already rapidly expanding commercial property market.
The bank?s consolidation plan is tied to its red...
DATE: Oct 25, 2005
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PartnerRe Ltd., a Bermuda insurance and reinsurance company, last night reported a net loss of $288.7 million for the third quarter, after suffering record losses from Hurricane Katrina and other catastrophes.
PartnerRe said unprecedented catastrophe...
DATE: Oct 25, 2005
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