49296 results returned for search: "" category ("Other" AND "Business")
Maiden Holdings Ltd. posted net income of $16.7 million for the fourth quarter of 2009 following the successful integration of two of its operating platforms.
The insurer saw profits rise to $61.1 million, or 87 cents per share during 2009, while net...
DATE: Mar 04, 2010
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Bermuda-based Max Capital Group Ltd. and Harbor Point Ltd. are set to merge and create a new company after the board of directors approved an amalgamation deal.
The combined company will be named Alterra Capital Holdings Ltd., will have $3 billion in...
DATE: Mar 04, 2010
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GENEVA (AP) — Toyota Motor Corporation kept up its worldwide damage-control campaign, apologising to European customers at the Geneva Auto Show for its safety issues and the concerns they have caused.
Vice-chairman Kazuo Okamoto's apology follows pub...
DATE: Mar 03, 2010
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PARIS (Bloomberg) — The storm along France's western coast last weekend will have a "manageable" impact on French insurers' earnings, Fitch Ratings said.
The ratings company "does not expect losses from the catastrophe to result in a material capital...
DATE: Mar 03, 2010
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BERLIN (Reuters) - A harsh reality seems to be dawning on Germans — that helping debt-ridden Greece, as part of a euro zone effort, may be inevitable.
Ever-cautious Chancellor Angela Merkel has made comments which could be seen as preparing the groun...
DATE: Mar 03, 2010
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f Bermuda fails to secure Solvency 2 equivalency it will be highly likely to be due to the "arcane" politics of Europe.
That is according to Jeremy Cox, CEOof the Bermuda Monetary Authority (BMA), who was the keynote speaker at the Bermuda Insurance ...
DATE: Mar 03, 2010
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A catering war is going on Island-wide to get business from the country's top exempt companies.
That is the view of Ian Friedman, corporate executive chef and director of catering at Bermuda Hospitality Group, who has used every tactic in the book to...
DATE: Mar 03, 2010
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WHO ARE THE NEW INVESTORS?
The Carlyle Group
It is one of the world's largest private equity firms, with more than $81.1 billion under management. Carlyle has 60 funds largely focused on investing in buyouts, venture & growth capital, real estate and...
DATE: Mar 03, 2010
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The deal in a nutshell
Carlyle Group $150m
CIBC $150m
Other investors
Bermuda Government Pension Funds
The Wellcome Trust
Julian Robertson
Goshen Investments $250m
They receive equity in the form of a mix of preference and common shares
Own 82.5 perc...
DATE: Mar 03, 2010
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First half of 2007: Butterfield Bank buys more than $1 billion in CMO and ABS investments, subsequently writing down more than more than $200 million due to a downturn in the US real estate prices and the declining value of investments.
February 2007...
DATE: Mar 03, 2010
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