49296 results returned for search: "" category ("Other" AND "Business")
Bermuda reinsurer PartnerRe last night announced a 2009 profit of $1.5 billion in what chief executive officer Patrick Thiele called an "exceptional" year.
The full-year profit broke down to $23.51 per share and compared with net income of $46.6 mill...
DATE: Feb 11, 2010
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AUTHOR:
Jonathan Kent
NEW YORK (AP) - The stock market managed to steady itself after hearing Federal Reserve Chairman Ben Bernanke's plans to dismantle the central bank's supports for the economy.
The Dow Jones industrial average closed with a loss of 20 points after fal...
DATE: Feb 11, 2010
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Bermuda-based insurer XL Capital Ltd. has moved past recovery mode and now it's striving to be the best in its field.
That is the clarion call from the company's chief executive officer Mike McGavick, who told The Royal Gazette yesterday that XL had ...
DATE: Feb 11, 2010
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AUTHOR:
Jonathan Kent
There has never been a more important time for Bermuda to take part in international regulation with greater expectations placed on regulators to keep up with the latest developments in the global marketplace.
That is according to Jeremy Cox, CEO of ...
DATE: Feb 11, 2010
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NEW YORK (AP) — Marsh & McLennan Cos., an insurance broker and consulting firm, said Wednesday its fourth-quarter profit fell 53 percent because of costs tied to settling lawsuits filed in 2004.
Marsh & McLennan recorded $435 million in charges tied ...
DATE: Feb 11, 2010
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The boss of the largest Bermuda-based insurance company remains hopeful that US lawmakers will not back President Barack Obama's proposed changes to the tax code that would raise the amount of US tax paid by some of the Island's insurers.
Mike McGavi...
DATE: Feb 11, 2010
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CATEGORY:
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AUTHOR:
Jonathan Kent
Everest Re Group Ltd. returned a profit of almost $200 million as gross written premiums rose 15 percent during the fourth quarter of 2009.
The re/insurer recorded net income of $197.2 million or $3.28 per share for the fourth quarter compared to a n...
DATE: Feb 11, 2010
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It has been said that "it takes money to make money", but few of us are born with the proverbial silver spoon in our mouths. For many business owners, a bank may be the first and most important port of call. Debt can be used to effectively weather di...
DATE: Feb 11, 2010
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Bermuda's auto sales are expected to fall by between 20 and 30 percent over the next year, but there could be an upswing in 2011 as the economy starts its long road to recovery.
That is the view of Jonathan Brewin, chairman of the Bermuda Automotive ...
DATE: Feb 11, 2010
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Argus Group Holdings Ltd. dropped 3.33 percent (30 cents) to $8.70 on The Bermuda Stock Exchange (BSX) yesterday.
The insurer traded 600 shares during the day.
KeyTech Ltd. also fell 0.56 percent (five cents) to $8.75, as 14,300 shares changed hands....
DATE: Feb 11, 2010
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