76354 results returned for search: "" category "Business"
GENEVA (AP) Swiss banks will have to pay 500 million Swiss francs ($630 million) to Britain as part of an agreement to end tax evasion, the Swiss government says.
Britain’s treasury described the deal struck by senior officials in Zurich on Wednesday...
DATE: Aug 26, 2011
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CATEGORY:
International Business
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ZURICH (Bloomberg) Zurich Financial Services AG, Baloise Holding AG and other Swiss insurers will compensate for slowing growth in their home market by making acquisitions, according to Fitch Ratings.
Low interest rates and slowing economic growth ar...
DATE: Aug 26, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) Warren Buffett may have earned $1.4 billion in one day on his $5 billion investment in Bank of America Corp.
The preferred shares Buffett’s Berkshire Hathaway Inc. bought are worth about $3.53 billion, Phil Jacoby, chief investme...
DATE: Aug 26, 2011
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CATEGORY:
Reinsurance
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Hardy Underwriting Bermuda Ltd yesterday announced a half-year post-tax loss of $17.1 million (about $28 million) after claims poured in from what the company described as “the most extraordinary run of catastrophe losses that the market has ever see...
DATE: Aug 26, 2011
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CATEGORY:
Reinsurance
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Utility company Ascendant Group’s shares rose 1.8 percent (25 cents) to $14.25 on the Bermuda Stock Exchange yesterday.
Butterfield Bank again traded, closing once again unchanged at $1.50, as 300 shares changed hands.
Ten of the bank’s preference sh...
DATE: Aug 26, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda reinsurers are bracing for Hurricane Irene with estimates of insured losses climbing to nearly $14 billion.
The largest losses are expected in the US Northeast, particularly in the New York area.
Irene may cause $13.9 billion in insured losse...
DATE: Aug 26, 2011
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CATEGORY:
Reinsurance
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Government has taken a raft of measures to aid economic recovery, including efforts to preserve Civil Service jobs and help private businesses both small and large.
This from Premier and Finance Minister Paula Cox and her Ministry yesterday.
“We have...
DATE: Aug 26, 2011
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CATEGORY:
Economy
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Economic analysts are sounding alarm bells about the Bermuda economy, saying Government may need to consider bold steps to avoid the potential of the Island sinking further into recession in the coming months.
A board member of the Chamber of Commerc...
DATE: Aug 26, 2011
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CATEGORY:
Economy
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Bermuda-based Argo Group International Holdings Ltd has announced that Eduardo Pitombeira has joined the company as director of business development and financial lines for its commercial property and casualty insurance operations in Brazil.
Mr Pitom...
DATE: Aug 25, 2011
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CATEGORY:
Reinsurance
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Money-laundering reporting will be the focus for a training session held by KPMG Advisory Ltd later this year.
The two Money Laundering Reporting Officer Level Training sessions, which are being held at Crown House, 4 Par-la-Ville Road, Hamilton, on ...
DATE: Aug 25, 2011
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CATEGORY:
International Business
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