All Financial articles
-
-
-
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 onlySwiss Re Q2 profits up
Swiss Re has achieved a 15.6% return on equity after a strong performance in the second quarter of 2011.Group net income increased 18% to $960m in the second quarter of 2011, compared with $810m for the same period last year.The reinsurer’s property & casualty unit reported a combined ratio of ...
-
-
Online onlyFosh defends Novae business restructure
Novae boss Matthew Fosh has defended recent changes to the specialist (re)insurer’s business structure after posting first half losses.Novae reported a net loss attributable to shareholders of £24.9m, down from £10.8m profit at 30 June 2010.But Fosh said despite the tough market conditions in 2011, the shift in business mix ...
-
-
-
-
AnalysisWhat Beazley's results say about Lloyd's prospects
The first Lloyd's insurer results of the season contain some useful indicators of what to expect from others
-
-
