49296 results returned for search: "" category ("Other" AND "Business")
(Bloomberg) ? Allstate Corp. and State Farm Mutual Automobile Insurance Co. are among five insurers and reinsurers that may have their credit ratings cut by Fitch Ratings because of Hurricane Katrina claims.
The five companies, which also include Hor...
DATE: Sep 14, 2005
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Max Re will raise new capital to write more property business if rates increase sufficiently in the wake of Hurricane Katrina, said chief executive Robert Cooney.
The company could also hire teams of underwriters to boost this part of its business, h...
DATE: Sep 14, 2005
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There will be no Bermuda (re)insurance start ups as a result of Hurricane Katrina, according to industry experts at this year?s Monte Carlo?s Rendez Vous.
In a post-Spitzer environment, brokers are unlikely to be seen to hand over cash to new busines...
DATE: Sep 14, 2005
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Bermuda-based White Mountains Insurance Group yesterday said a $575,000 administrative cost arising from a regulatory action against one of its reinsurance units was paid by the managing general agency that sold its health policies in Florida.
Florid...
DATE: Sep 14, 2005
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Premier Alex Scott told delegates at the inaugural Bermuda Captive Conference yesterday that the Island is open for their business and will continue to protect its place as leader in the captive insurance industry.
"Competition for our captive busine...
DATE: Sep 14, 2005
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Quanta Capital Holdings was better prepared for megastorm Katrina because of taking a loss on a wave of four storms last year, according to the company?s chief executive Tobey Russ.
The Bermuda start up company (2004 was its first full year in busine...
DATE: Sep 14, 2005
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Endurance Specialty Holdings Ltd. last night said it expects to sustain losses from Hurricane Katrina between $375 million and $450 million.
Endurance, a Bermuda insurance and reinsurance company, said its preliminary estimate took into account reins...
DATE: Sep 14, 2005
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(Bloomberg) ? Tyco International Ltd. plans to sell its plastics business, the world?s biggest maker of clothing hangers and trash bags, by the end of this year, Tyco chief executive Ed Breen said at a conference in Phoenix.
?This calendar year, we p...
DATE: Sep 14, 2005
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Writs:
A writ has been filed between Surface Trends and C & N Construction Limited.
A writ has been filed by Indigo Private Trust Company Limited against Appleby Trust Company Limited.
A writ has been filed by Debbie Ball, Paulette Ball, Donna Ball a...
DATE: Sep 14, 2005
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nalysts are still engaged in assessing the total impact of Hurricane Katrina on the economy.
Obviously the effect on states in the Gulf Coast region is quite severe and full recovery will take place over an extended period of time.
The overall impact...
DATE: Sep 14, 2005
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