Archive for February 28th, 2012
St George’s: ‘Most Picturesque Village’
Budget Travel has named St. George’s as one of the “World’s 16 Most Picturesque Villages.” “Spend a few minutes in these 16 villages and you’ll realize that quaint and charming aren’t just adjectives, they are a way of life,” said the travel magazine. Their description of St. George’s said, “St.... Read more of this article
Seadrill ‘Disappointed’ By Archer Slump
Bermuda-based Seadrill Ltd., the oil-rig operator whose largest owner is Norwegian-born shipping billionaire John Fredricksen, will take a $463 million non-cash impairment charge on its investment in Archer Ltd. for the fourth quarter of 2011. Archer contributed $44 million to net income for the full year, reflecting “deconsolidation profits” and... Read more of this article
XL Group $750M Share Buyback
XL Group plc approved a new share buyback program, authorizing the Company to buy back up to $750 million of its ordinary shares. This authorization replaces the approximately $190 million remaining under a previously authorized share buyback program. A statement issued said, “The Company expects the purchases to be made from time to time in the... Read more of this article
Aspen Files Annual Report On Form 10-K
Bermuda’s Aspen Insurance Holdings Limited today [Feb.28] filed its 2011 Annual Report on Form 10-K with the US Securities & Exchange Commission. The document can be downloaded from the Investor Relations section of Aspen’s website.. Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets... Read more of this article
