75993 results returned for search: "" category "Business"
Bermuda-based credit insurer Primus Guaranty Ltd yesterday said fourth-quarter net income fell to $128.3 million, compared with $295 million in the same period last year.
The profits were driven by net credit swap revenue of $142.4 million, which in...
DATE: Feb 25, 2011
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CATEGORY:
Reinsurance
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Trading in shares of Bermuda-based Gerova Financial Group was yesterday suspended on the New York Stock Exchange (NYSE).
Michael Hlavsa, chief financial officer of Gerova, said: “After a discussion with the NYSE, we concur that the best decision was...
DATE: Feb 25, 2011
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CATEGORY:
Reinsurance
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Bermuda-based investment manager Osmium Capital Management Ltd is changing its name to Revelation Capital Management Ltd.
In a statement, the firm said the new name “symbolises our core beliefs and demonstrates the process behind our strong performan...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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The fund firm that provided consultancy services to the Bermuda-based Bernard Madoff feeder fund, Kingate Management, is to wind up its operations.
FIM Ltd stated in regulatory filing that it would “will cease activities within the foreseeable future...
DATE: Feb 25, 2011
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CATEGORY:
International Business
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Michael Fay has been appointed public relations manager at emedia.
After completing a six-week internship at emedia almost a year prior, Mr Fay has returned to the company to take on a new challenging new role.
With a diverse background including ph...
DATE: Feb 25, 2011
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CATEGORY:
Other
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The Fairmont Southampton has been awarded the prestigious Platinum Adrian Award. Shelley Meszoly, Fairmont Bermuda’s regional director of sales and marketing, was presented the award at the Hospitality Sales and Marketing Association International (H...
DATE: Feb 25, 2011
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CATEGORY:
Other
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CUPERTINO, (Reuters) Apple Inc shareholders rejected demands that the company disclose a succession plan for ailing CEO Steve Jobs but approved a proposal it adopt majority votes for board directors.
With co-founder and chief executive Jobs sidelined...
DATE: Feb 24, 2011
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CATEGORY:
Technology
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WASHINGTON (Bloomberg) Four bankers who worked at Credit Suisse Group AG were charged with conspiring to help US clients evade taxes through secret bank accounts, according to an indictment yesterday and people familiar with the matter.
Marco Parenti...
DATE: Feb 24, 2011
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CATEGORY:
International Business
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Canadian cable company The Bragg Group intends to brings jobs to the Island after it announced the $70 million purchase of Cable & Wireless Communications' operations in Bermuda.
The new owners, who will continue to use the Cable & Wireless brand thr...
DATE: Feb 24, 2011
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CATEGORY:
Other
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NEW YORK (Bloomberg) New Zealand’s deadliest earthquake in eight decades, which toppled buildings and trapped workers in Christchurch, the country’s second-largest city, may lead to higher prices for reinsurance in the Asia-Pacific region.
Bermuda is...
DATE: Feb 24, 2011
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CATEGORY:
Reinsurance
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