All Online only articles – Page 57
-
Online onlyHot bath spurs Buffett's BofA deal
Billionaire investor Warren Buffett has revealed he was in the bathtub when he dreamt up the idea to invest $5bn in the faltering Bank of America.Like Sicilian mathematician Archimedes who proved the best ideas are bathtub-based, the Berkshire Hathaway owner told CNBC he got the idea to approach BofA CEO ...
-
-
-
-
-
Online onlyHardy makes H1 loss, appoints new COO
Lloyd’s insurer Hardy has made a loss after tax of £17.1m for the first half of 2011, compared with a profit of £2m in the same period last year.The loss before tax was higher, at £20.7m, because a £3.7m tax credit reduced the net loss.Hardy’s results were hit by the ...
-
-
-
-
-
-
-
-
-
Online onlyMontpelier takes on Torus cat book
Montpelier Re has agreed to acquire the renewal rights of fellow Bermudian (re)insurer Torus's property catasrophe reinsurance business. As part of the deal, Torus will provide sidecar capacity to Montpelier from 1 January 2012. "With the continued expansion opportunities we see in our insurance operations, along with our modest ambitions ...
-
-
-
-
-
