49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - Axis Capital Holdings Ltd., a Bermuda insurer and reinsurer, posted a 51 percent fall in first-quarter net income, hurt mainly by investment losses.
The company posted quarterly operating income of $1.05 per share. Excluding fore...
DATE: Apr 28, 2009
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NEW YORK (Reuters) - XL Capital Ltd., a large Bermuda-based reinsurer, posted a 16 percent drop in quarterly profit yesterday, hurt by investment losses and a drop in revenue.
Hamilton, Bermuda-based XL recorded first-quarter net income of $178.4 mil...
DATE: Apr 28, 2009
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Bermuda, US and large international re/insurance companies lost about 15 percent of their capacity in 2008 as measured by shareholders' equity.
That is according to AM Best Co.'s special report released last week, which said that two excellent operat...
DATE: Apr 28, 2009
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HARTFORD, Connecticut (AP) - Ingersoll-Rand Co. chairman and chief executive Herbert L Henkel received 2008 compensation valued at $11.4 million, up about seven percent year-over-year, according to Associated Press calculations of data filed with reg...
DATE: Apr 28, 2009
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POSTPONING RETIREMENT: America's workers are delaying retirement, their human-resources executives said in a recent survey.
The poll, by human resources and compensation consultancy Towers Perrin, found that 59 percent of those surveyed said they bel...
DATE: Apr 28, 2009
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Lancashire Insurance Group has extended its insurance protection against windstorm losses to new clients among the oil and gas companies operating in the Gulf of Mexico.
OCTOPUS has previously only been available to Lancashire's existing subscribers....
DATE: Apr 28, 2009
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Max Capital Group Ltd. has appointed two senior underwriters - Clive Hatto and Hugh Sprowson - to Max at Lloyd's Ltd., the Lloyd's managing agent for Syndicates 1400, 2525 and 2526.
W Marston (Marty) Becker, chairman and CEO of Max Capital Group Ltd....
DATE: Apr 28, 2009
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Utilities proved to be the busiest sector on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
KeyTech Ltd. boosted its share price by $1.45 (17.05 percent) to $9.95, with 2,000 shares traded, while Belco Holdings Ltd. rose $1.20 (7.86 ...
DATE: Apr 28, 2009
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Montpelier Re's net income rose by $52 million during the first quarter of this year, despite the tough economic conditions.
The company's profits increased from $300,000 in the first quarter of 2008 to $52.3 million for the same period in 2008.
But ...
DATE: Apr 28, 2009
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PartnerRe Ltd. saw its profits rise by more than $10 million for the first quarter of 2009, despite the impact of the economic downturn and the foreign exchange strengthening of the US dollar.
The re/insurer reported net income of $141.5 million or $...
DATE: Apr 28, 2009
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