49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Quanta Capital Holdings reported a third quarter net loss of $37.4 million or 66 cents per share last night due to the four hurricanes that hit the Southeast United States during the period.
This compares to a net income of $1.8 million...
DATE: Nov 03, 2004
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BOSTON (Reuters) ? Tyco International Ltd. reported a quarterly profit yesterday, reversing a year-earlier loss, helped by strong demand for electronic parts.
Tyco shares rose 1 percent as chief executive Ed Breen said in a conference call the divers...
DATE: Nov 02, 2004
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Hurricanes Charley, Frances, Ivan and Jeanne hit MaxRe with a $9 million third quarter loss. This breaks down to a net loss of 20 cents per share for the Bermuda-based company which, in the same period last year, reported a net income of 89 cents per...
DATE: Nov 02, 2004
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The Royal Gazette/Bermuda Stock Exchange yesterday saw no trading to close at 3,153.10.
DATE: Nov 02, 2004
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XL Capital Ltd third quarter net income dropped on a $420.1 million after-tax charge related to the hurricane activity during the period.
Last night in an earnings release, the Bermuda-based company reported net income for the quarter ended September...
DATE: Nov 02, 2004
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(Bloomberg) ? Bonds of insurance brokers such as Marsh & McLennan Cos., the world?s largest insurance brokerage, weakened on concerns about California?s investigation into possible bid rigging by insurance companies and brokers.
Marsh?s 5.375 percent...
DATE: Nov 02, 2004
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Q3 net income of $22.5 million, or $0.16 per ordinary share, compared with $99.0 million, or $0.71 per ordinary share, for the quarter ended September 30, 2003
Q3 net premiums written from general operations decreased 9 percent to $1.4 billion
Q3 cat...
DATE: Nov 02, 2004
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A legal suit against Bermuda-based investment firm Lines Overseas Management Limited has been dismissed.
The US District Court in Alabama formally dismissed the suit against LOM on October 20. The court had previously set aside a$6.4 million default ...
DATE: Nov 02, 2004
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Analysts will be looking for updates on New York Attorney General Eliot Spitzer's probe of the insurance industry as insurers such as XL Capital report results this week.
Spitzer sued Marsh & McLennan on October 14, alleging the largest insurance bro...
DATE: Nov 01, 2004
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ZURICH, Switzerland (AP) ? Bermuda-based Castlewood Holdings Ltd. has bought a reinsurance subsidiary of Zurich Financial Services for an undisclosed sum.
Zurich said on Friday that it sold its Turegum reinsurance unit to a subsidiary of Castlewood H...
DATE: Nov 01, 2004
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