49296 results returned for search: "" category ("Other" AND "Business")
Channel Re is the name of a new joint venture being launched by two Bermuda-based reinsurers - RenaissanceRe and Partner Re - along with MBIA and Koch Financial.
Last night RenaissanceRe reported in its third quarter earnings release that it expected...
DATE: Oct 22, 2003
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XL Capital's long-term issuer, senior debt and preferred stock ratings were yesterday downgraded by rating agency Fitch.
At the same time, Fitch reaffirmed the Bermuda insurance and reinsurance giant's financial strength rating and said the rating ou...
DATE: Oct 22, 2003
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Allied World Assurance Company, Ltd. (AWAC) has announced the appointment of Tracey Gibbons as assistant vice president, casualty treaty reinsurance.
Before joining AWAC, Mrs. Gibbons was lead underwriter and senior vice president at Overseas Partner...
DATE: Oct 22, 2003
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The pressure is on again for Congress to put a halt to companies moving offshore to places like Bermuda to save on their tax bills.
On Monday in the New York Times, David Cay Johnston ran a story with the headline 'Company Is Foreign at Tax Time, but...
DATE: Oct 22, 2003
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Bermuda-based reinsurer Everest Re this week reported that its net income for the third quarter had topped $100 million and that business written during that period exceeded the $1 billion mark.
The company reported that net income was up 63.7 percen...
DATE: Oct 22, 2003
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Bank of Bermuda's top management will go on a road show to speak to the investment community in the United States before the end of the year, according to Henry Smith, the bank's chief executive officer.
The bank has been talking about going on a roa...
DATE: Oct 22, 2003
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American Re Corporation announced yesterday that its subsidiary, Munich American Global Services, Inc., has entered into an agreement for the sale of its subsidiary, Becher & Carlson Risk Management, Inc., which is the holding company for the Becher ...
DATE: Oct 21, 2003
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Bank of Bermuda has produced "robust earnings" during a "very challenging economic environment", after the bank's profits rose 58 percent to $22.3 million for the third quarter of 2003.
But the bank's net income is still not up to levels in 2001 and ...
DATE: Oct 21, 2003
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XL Capital's share price continued to fall yesterday as the insurance giant's CEO said the company could not give any figures on how much more the company would have to pay to boost reserves for reinsurance claims.
XL Capital said on Friday it would ...
DATE: Oct 21, 2003
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Bank of Bermuda has let go a total of 19 people in Bermuda and a further 24 in offices around the world in the three-month period to the end of September, the company revealed yesterday.
In June this year the bank confirmed it was talking to staff ab...
DATE: Oct 21, 2003
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