49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Montpelier Holdings reported earnings last year of $240.3 million, or $3.55 per share.
For the fourth quarter, the company said net income stood at $102.4 million, or $1.53 per share. This compared to $99.9 million, or $1.46 per share, ...
DATE: Feb 17, 2005
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Bermuda insurance heads say they have seen little impact on the bottom line from ceasing to pay incentive commissions to brokers, while at the same time calling on investors to take an active role in the reform of how brokers are compensated.
The foc...
DATE: Feb 17, 2005
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STOCKHOLM ? Bermuda-based tanker company Nordic American Tanker Shipping Ltd. (NAT) yesterday has begun a public offering of 3.5 million common shares pursuant to its effective shelf registration statement.
The company said the net proceeds of the of...
DATE: Feb 17, 2005
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Bermuda insurance bosses say it is too early to put any real stock in a class action reform measure passed by the US Senate last week and now on its way to the House of Representatives.
The legislation on the table is also unlikely to free up the bil...
DATE: Feb 17, 2005
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Axis Capital Holdings Limited will today close on the repurchase of $350 million worth of stock owned by the insurer's initial investors.
Axis said the repurchase of 12,783,094 common shares will be made using existing cash on hand.
The repurchase in...
DATE: Feb 16, 2005
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(Bloomberg) ? A former Marsh & McLennan Cos. managing director and two employees from American International Group Inc. pleaded guilty to New York Attorney General Eliot Spitzer's charges of rigging insurance bids. Marsh's Josh Bewlay, who was dismis...
DATE: Feb 16, 2005
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NEW YORK (Dow Jones/AP) ? Bermuda-based Tyco International Ltd.?s ex-head of human resources testified yesterday that the company?s compensation committee took no action when they learned in early 2002 that its top executives had millions of dollars ...
DATE: Feb 16, 2005
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DATE: Feb 16, 2005
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Bermuda-based insurance and reinsurance group Arch Capital said on Monday that fourth-quarter profit jumped 28 percent, largely attributing the improvement to an increase in premiums written.
The company reported profits of $107.1 million, or $1.45 p...
DATE: Feb 16, 2005
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Butterfield Bank has defied doubters who said it could face tougher competition in 2004 by posting a record profit of $90.5 million.
The company's net income stands 27.7 percent higher than in 2003 when the bank posted $76.5 million in net income, wh...
DATE: Feb 16, 2005
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