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Alea Group Holdings (Bermuda) Ltd.
Alea Group Estimates Impact of Hurricanes
Bermuda (ots/PRNewswire) - Alea Group Holdings (Bermuda) Ltd., the specialty insurer and reinsurer, today announces the estimated impact on earnings of recent hurricane activity in the United States and the Caribbean. Hurricanes Charley, Frances, Ivan and Jeanne have resulted in one of the most active storm seasons in the region ever recorded. The ultimate cost of these four hurricanes is estimated at approximately ...
mehrAlea Group Holdings (Bermuda) Ltd.
Alea Group Names Keith F. Anderson Senior Vice President, Corporate Marketing and Communications
Bermuda (ots/PRNewswire) - Alea Group Holdings (Bermuda) Ltd., the global specialty insurance and reinsurance company, announced today that it appointed Keith F. Anderson as Senior Vice President, Corporate Marketing and Communications. "As Alea Group's presence in the global insurance marketplace increases, communications with our many constituents ...
mehrAmerican Capital Strategies Ltd.
American Capital Issues US$167 Million in Unsecured Debt
Bethesda, Maryland (ots/PRNewswire) - American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it has issued US$167 million of long-term unsecured five- and seven-year notes in a private placement. The five-year notes, which totaled US$82 million, have a fixed interest rate of 5.92%. The seven-year notes, which totaled US$85 million, have a fixed interest rate of 6.46%. Net proceeds from the sale of the notes ...
mehrAmerican Capital Strategies Ltd.
American Capital Announces Public Offering of Common Stock
Bethesda, Maryland (ots/PRNewswire) - American Capital Strategies Ltd. ("American Capital" or the "Company") (Nasdaq: ACAS) announced today it plans to make a public offering of 10,000,000 shares of its common stock, of which 6,000,000 shares are being offered by the underwriters in connection with agreements to purchase common stock from American Capital at a future date as discussed below and 4,000,000 shares are ...
mehrPaulson & Co. Urges Neptune Orient (SGX: NOL) Board to Seek Competitive Bids
New York (ots/PRNewswire) - Paulson & Co., Inc. announced today that it has sent the following letter to the Board of Directors of Neptune Orient Lines Limited: Mr. Cheng Wai Keung Chairman Neptune Orient Lines Limited 456 Alexandria Road NOL Building #06-00 Singapore, 119962 Dear Mr. Keung, We are a New York-based money management ...
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DebtX to Sell Euro 35 Million in Italian Loans and Leases
DebtX, one of the largest loan sale advisors for commercial debt, today announced that it will sell euro 35 million of commercial loans and leases originated in Italy. The commercial loan and leases were made between 1998 and 2002 by a large, captive commercial finance company belonging to a multinational group. The offering includes more than 130 loans and leases for construction, real estate, marine and ...
mehrGeac Computer Corporation Limited.
Fortis Invests in Geac Performance Management
Markham, Ontario and Studley, England (ots/PRNewswire) - - 1,000 worldwide users to benefit from replacing spreadsheet-based budgeting system Fortis, a European top 20 banking, insurance and investments group, has awarded a contract to Allshare, the distributor in the Netherlands for Geac(R) (TSX: GAC, NASDAQ:GEAC), for Geac Performance Management software and related implementation services. The scheduled "go ...
mehrBanca del Gottardo posts operating profit of CHF 59.6 million in first half of 2004
Lugano (ots) - Banca del Gottardo posted an operating profit of CHF 59.6 million (before extraordinary items and taxes) in the first half of 2004 (+11% year-on-year). The bank is thus well on its way to achieving its budgeted results for the 2004 financial year. Assets under management grew by 2.2% to CHF 39.4 billion. On 30 March 2004, Swiss Life announced that ...
mehrSociété Générale Increases Online Conversion Rates by 30%, Renews Contract With Kefta - Leading Retail Bank Enjoys Tremendous Success Optimizing Online Customer Interactions
San Francisco, CA (ots) - Kefta Inc. (http://www.kefta.com), a top provider of customer interactions solutions, announced today that Société Générale, the euro-zone's fifth largest bank, has renewed its ongoing contract with Kefta, owing to the tremendous results they have experienced. Kefta's powerful ...
mehrGeac Computer Corporation Limited.
Old Mutual Goes Live on Geac Performance Management
MARKHAM, Canada and STUDLEY, England, July 6 (ots/PRNewswire) - - International Financial Services Group Deploys Web-based System for Financial Reporting, Data Consolidation, Budgeting, Forecasting and Planning Worldwide Old Mutual plc, a FTSE 100 listed international financial services group, has gone live on a Geac Performance Management solution. The internet-based reporting, planning, ...
mehrBanca del Gottardo supports Olympic hopeful Marie Polli
Lugano (ots) - Banca del Gottardo has signed a sponsoring contract with the race walker Marie Polli of the Lugano Athletic Club's (SAL Lugano) Competitive Walking and Walking division. Ms Polli recently qualified in her sport for next month's Olympic Games in Athens. Banca del Gottardo announces that it has signed a sponsoring contract with the Ticinese athlete Marie Polli. In the past few years, Ms Polli has ...
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Alea Group Holdings (Bermuda) Ltd.
Mark L. Ricciardelli named CEO and Executive Director of Alea - Dennis Purkiss to move to Consultancy Position
Bermuda (ots) - Alea Group Holdings (Bermuda) Ltd. ("Alea" or "the Group"), the global reinsurance and specialty insurance company, today announced the promotion of Mark L. Ricciardelli from Group President and Chief Operating Officer to Group President and Chief Executive Officer with immediate effect. Mr. ...
mehrBanca del Gottardo acquires full control of Oudart SA, Paris
Banca del Gottardo, Lugano, is acquiring one hundred per cent of share capital in Oudart Group SA, a Paris asset management company, of which Gottardo has been reference shareholder since 1999. Lugano (ots) - On 25 May 2004, Banca del Gottardo exercised its option to acquire the remaining 61% of share capital in the asset management company Oudart SA, Paris. The operation is part of the Bank's strategic planning which ...
mehrChanges in the Executive Board at Banca del Gottardo
Lugano (ots) - After a successful career of 31 years at Banca del Gottardo, Tiziano Pellandini, General Manager, will retire on 30 April 2004. Ivan Guidi joined the extended Executive Board of the bank in January 2004. As Deputy General Manager he is responsible for "Wealth Management Services". Banca del Gottardo, with head office in Lugano (Switzerland), operates through a well expanded national and international ...
mehrAlea Group Holdings (Bermuda) Ltd.
Alea Names President & COO
Alea Group Names Mark L. Ricciardelli President and Chief Operating Officer Veteran Reinsurance Executive Brings Significant Operating and Global Casualty Expertise to Alea London (ots) - Alea Group Holdings (Bermuda) Ltd. (Alea Group), the global reinsurance and specialty insurance company, announced today that it has named Mark L. Ricciardelli as Group President and Chief Operating Officer, effective immediately. Mr. Ricciardelli was most recently ...
mehrAlea Group Holdings (Bermuda) Ltd.
Preliminary Results for the year ended 31 December 2003 - Part 7 of 7
London (ots) - 5. CONTINGENT LIABILITIES Structured settlements The Group, through the Canadian branch of Alea Europe Ltd, has assumed ownership of certain structured settlements and has purchased annuities from life assurers to provide fixed and recurring payments to those underlying claimants. As a result of these arrangements, the Group is exposed to ...
mehrAlea Group Holdings (Bermuda) Ltd.
Preliminary Results for the year ended 31 December 2003 - Part 6 of 7
London (ots) - Unaudited Consolidated cash flow statement Restated Year ended Year ended Notes 31 Dec 03 31 Dec 02 ...
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Alea Group Holdings (Bermuda) Ltd.
Preliminary Results for the year ended 31 December 2003 - Part 5 of 7
London (ots) - Interest on bank borrowings under the Term "A" loan and the Revolving Credit Facility is charged at a rate per annum according to applicable currency LIBOR rates designated as the British Bankers Association interest settlement rate plus a margin of ) 0.625% (2002 0.625%). The margin charged on the Term "B" loan is 3.25% (2002 3.25%). The ...
mehrAlea Group Holdings (Bermuda) Ltd.
Preliminary Results for the year ended 31 December 2003 - Part 4 of 7
London (ots) - Interest on bank borrowings under the Term "A" loan and the Revolving Credit Facility is charged at a rate per annum according to applicable currency LIBOR rates designated as the British Bankers Association interest settlement rate plus a margin of ) 0.625% (2002 0.625%). The margin charged on the Term "B" loan is 3.25% (2002 3.25%). The ...
mehrAlea Group Holdings (Bermuda) Ltd.
Preliminary Results for the year ended 31 December 2003 - Part 3 of 7
London (ots) - FINANCE DIRECTOR'S REPORT Performance Management The highlights of the consolidated financial statements are as follows: Summary of results 2003 2002 $ million Gross premiums written 1,300.2 931.6 Net premiums earned 858.5 518.1 Underwriting profit ...
mehrAlea Group Holdings (Bermuda) Ltd.
Preliminary Results for the year ended 31 December 2003 - Part 2 of 7
London (ots) - On the closing of the Imperial acquisition in 2000, the Group reinforced the reserve strengthening of the Imperial business by entering into the OPL (see Finance Director's Review). Since that date there continues to be immaterial development of these reserves. Total loss reserves covered by the OPL contract increased to $87.1 million compared to ...
mehrBSI Group posts positive results again in 2003
Lugano (ots) - The BSI Group posted positive results in 2003. Gross operating profit reached CHF 128 million, income came in at CHF 387 million and expenses for the year fell to CHF 259 million. Net profit for the year was CHF 93.5 million. In addition to these solid results, assets under management climbed from CHF 42 billion to CHF 44.3 billion. Dr. Giorgio Ghiringhelli will succeed Dr. Hugo von der Crone as Chairman ...
mehrSecond 'Jumbo' from Kommunalkredit proves another hit: AAA-rated loan with EUR 1 billion placed with investors in around 20 countries
Vienna (ots) - The second Jumbo loan offered by Kommunalkredit Austria, a covered bond with EUR 1 billion that features an AAA rating from Moody's, has proved yet another dazzling success. The books were closed with a 60% oversubscription (so as not to exclude the Asian region, they were not closed after one ...
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Alea Group Holdings (Bermuda) Ltd.
Alea Group welcomes A.M. Best rating of Alea Specialty
LONDON (ots) - Alea Group Holdings (Bermuda) Ltd. (Alea Group),the global reinsurance and specialty insurance company, is pleased to announce that A.M. Best has assigned a group rating of A- (Excellent) to Alea North America Specialty Insurance Company (Alea Specialty), a wholly owned US subsidiary of Alea. A.M. Best said the group rating reflects Alea Specialty's core status within Alea. The insurance rating and ...
mehrBanca del Gottardo: consolidated net profit of 85 million francs
Lugano (ots) - 2003 annual results of Banca del Gottardo for 2003 beat expectations, with all main business sectors making positive contributions. Consolidated net profit was 85 million francs. As at 31 December the bank had 38.5 billion francs in assets under management. Financial results recovered strongly in 2003 compared with the previous two fiscal years. Gross profit was 174 million francs, a 54% increase ...
mehrSVV Schweizerischer Versicherungsverband
Swiss private insurance industry: a return to profitability
Zurich (ots) - The Swiss Insurance Association (SIA) calculates that the private insurance sector returned to profitability in 2003. The insurance industry seems to have come through the worst of a rather turbulent period, nevertheless, any talk of having turned the corner is still premature. There are several factors pointing to a recovery: most insurers' investment returns rose over the past year, underwriting ...
mehrHolding arrangement concluded between KfW and German Federal government
Frankfurt/Main (ots) - In the context of a further holding arrangement KfW yesterday acquired shares of Deutsche Telekom AG (Telekom) and Deutsche Post (Post) from the German Federal government. The arrangement covers altogether 4.7 % (approximately 199 million shares) of the share capital of Telekom and 30 % (approximately 334 million shares) of the Post. As a ...
mehrBanca del Gottardo: The Sunday Times corrects allegations of Saddam Hussein's account
Indication: A copy of The Sunday Times' article can be downloaded as pdf under www.newsaktuell.ch/ The British newspaper Sunday Times this week corrected its allegations that Banca del Gottardo had held assets belonging to members of the Saddam Hussein regime during the nineties. ...
Ein DokumentmehrBanca del Gottardo Italia: Rocco Benetton acquires a stake in the equity capital. The shareholders' meeting votes to double equity capital
Lugano (ots) - The general meeting of shareholders of Banca del Gottardo Italia approves a recapitalisation from EUR 25 million to EUR 50 million. Rocco Benetton acquires a 4% stake in the company and is elected to the Board of Directors. Rocco Benetton, the youngest son of Luciano Benetton, has become ...
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