The insurance industry is chasing growth mainly through acquisition and sometimes by innovative product development in an effort to survive in a tough marketplace, top executives at the World Insuranc...
yesterday announced an agreement to buy US based NAC Re Corp. for $1 billion in stock.
The purchase, due to be completed in the second or third quarter of the year, leapfrogs XL into a major position ...
Bermuda-based Orbis Investment Management Ltd. has scored it big in the tough Japanese stock market.
Orbis had the best performing Japanese equity fund in 1998 according to Standard & Poor's Micropal ...
percent to $488.3 million or $3.87 a share for the year ended December 31, compared to 1997.
The company had total revenues of $1.3 billion for the year. Total assets increased to $4.4 billion. Member...
boring jobs can be done by machines. What's left are jobs which need craftsmanship, which need communications skills, which need love of what you're doing.' When he's not secluded away on Agar's Isla...
Bermuda-based XL Capital Ltd. yesterday formally unveiled the company's new name as the insurer attempts to reposition itself in a highly competitive market.
The company changed its name from Exel to ...
In the face of severe financial difficulties, office and medical supply company Staples Holdings Ltd. has suspended payment of preferred share dividends.
In a statement, the company said the suspensio...
Consolidation, low premium rates, globalisation, the rapid development of the alternative market, securitisation, and the use of new technology have been the major driving forces in the current insura...
Post offices in North America and I'm sure Europe are feeling the attack of e-mail on their revenues. Canada Post, for example, has decided to combat the rise of e-mail by going on the offensive with ...
its money market fund.
"The euro has at a stroke become the world's second most important currency and may one day rival the dollar as the world's leading currency,'' Butterfield chief investment offi...
