76365 results returned for search: "" category "Business"
LONDON (Bloomberg) Geoffrey Stuart Pearson, the former chief executive officer of a Bermuda-based investment company at the centre of a fraud scandal, was sentenced to a year in prison for making misleading statements about its assets.
Pearson, 63, w...
DATE: Jun 21, 2011
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CATEGORY:
International Business
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Argo Group International Holdings Ltd has placed a $100 million catastrophe bond, the company announced yesterday.
Loma Reinsurance Capital Ltd Series 2011-1, which is listed on the Cayman Islands Stock Exchange (CSX), represents Argo’s first cat bon...
DATE: Jun 21, 2011
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CATEGORY:
Reinsurance
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In the midst of these uncertain economic times, research shows that a growing number of teens are considering entrepreneurship as a viable option to make extra money over the summer.
Teens are looking for summer employment and with the lay-offs that...
DATE: Jun 21, 2011
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CATEGORY:
Bermuda Works
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Maiden Holdings Ltd has announced that its wholly-owned US holding company Maiden Holdings North America Ltd has priced the offering of $100 million aggregate principal amount of 8.25 percent senior notes due June 15, 2041.
The notes, which are fully...
DATE: Jun 21, 2011
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CATEGORY:
Reinsurance
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LONDON (Reuters) British retail sales fell more than twice as fast as expected in May, more than reversing the previous month’s gains as worries about the economy led consumers to cut back sharply after a Royal Wedding-related splurge in April, offic...
DATE: Jun 17, 2011
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CATEGORY:
Economy
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ATHENS/BRUSSELS (Reuters) International lenders scrambled to save Greece from default as Prime Minister George Papandreou struggled to quell a revolt in his socialist party against EU/IMF-ordained austerity measures.
The political drama in Athens, wh...
DATE: Jun 17, 2011
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CATEGORY:
Economy
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Everest Re Group Ltd has announced the promotion of Dominic Addesso to the role of president.
Mr Addesso joined Everest two years ago as executive vice-president and chief financial officer.
Prior to his employment with the company, he was president ...
DATE: Jun 17, 2011
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CATEGORY:
Reinsurance
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Bermuda-based re/insurer Catlin Group Ltd will open a new office in Madrid next month.
Catlin will underwrite treaty reinsurance, with effect from July 1, through the new base in the Spanish capital which will be part of the operations of the group’s...
DATE: Jun 17, 2011
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CATEGORY:
Reinsurance
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Alternative Energy Systems (Bermuda) Ltd (AES) has announced the installation of a record 150 kilowatts of solar power systems in homes and businesses throughout Bermuda, just seven months after reaching the 50 kilowatts milestone.
The company saw a ...
DATE: Jun 17, 2011
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CATEGORY:
Other
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The Ascendant Group Ltd climbed 4.49 percent (64 cents) on The Bermuda Stock Exchange (BSX) yesterday.
The energy provider traded 3,000 shares to close at $14.89.
Also in the utilities sector, KeyTech Ltd fell 0.81 percent (five cents) to $6.05 with ...
DATE: Jun 17, 2011
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CATEGORY:
Bermuda Stock Exchange
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