49296 results returned for search: "" category ("Other" AND "Business")
Scottish Re Group Ltd, formerly Scottish Annuity & Life Re, announced yesterday that its profits for 2003 had dropped by 16 percent to $27.3 million, despite a ?disappointing? third quarter.
?With this earnings report, we complete our fifth year in t...
DATE: Feb 13, 2004
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PXRe Group Ltd. on Wednesday night reported that its net income for the year had increased 50 percent to $96.6 million, after returning to its core catastrophe and risk excess lines of business, according to management.
In its fourth quarter and year...
DATE: Feb 13, 2004
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ore than 100 of the Island's financial whizzes got together earlier this month to hear what could be in store for investment markets in the year ahead, and to cast their own predictions at where 2004 would take investors.
This all took place at the B...
DATE: Feb 13, 2004
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DATE: Feb 13, 2004
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The announcement that the Island?s largest bank could be sold off to a foreign bank hit many locals between the eyes.
Many initially did not know what to make of the news, as something like this had never before happened in Bermuda. It also raised al...
DATE: Feb 13, 2004
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(Bloomberg) ? American International Group Inc., the world?s largest insurer, had a record $2.71 billion profit in the fourth quarter, compared with a year-ago loss, on growth in life insurance and annuities and expansion in Asia.
Net income was $1.0...
DATE: Feb 12, 2004
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XL Capital will not be taking part in any further mergers and acquisitions and will instead focus on organic growth and keeping a tight rein on expenses, according to chief executive officer Brian O?Hara.
During a conference call on the company?s fou...
DATE: Feb 12, 2004
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The Royal Gazette/Bermuda Stock Exchange index yesterday dipped by nearly six points yesterday after two shares dropped in price during a quiet day of trading.
Bank of Butterfield gained 5 cents to finish at its all-time high of $45 yesterday, but th...
DATE: Feb 12, 2004
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One of Bermuda?s newest insurers, Platinum Underwriters Holdings, Ltd., reported last night that it had topped $1 billion in revenues for the year ended December 31, 2003 after strong results in the property and finite lines.
The property and casualt...
DATE: Feb 12, 2004
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Axis Capital CEO John Charman yesterday cited the strong earnings power and global franchise that his and other new Bermuda companies have been able to build in a short span of time as a testament to the strength of the Island as an insurance jurisdi...
DATE: Feb 12, 2004
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