75993 results returned for search: "" category "Business"
The total assets of Bermuda’s insurance market rose to almost half a trillion dollars by the end of 2009, after gaining $23.1 billion over the year.
The astounding number, revealed yesterday by financial regulator the Bermuda Monetary Authority, is m...
DATE: Feb 22, 2011
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CATEGORY:
Economy
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Axing a large number of public-sector jobs is not the answer to Bermuda’s fiscal woes and doing it could simply inflict more damage on the struggling economy, Premier Paula Cox told a business audience yesterday.
Speaking to around 280 people at a po...
DATE: Feb 22, 2011
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CATEGORY:
Other
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The Bermuda Stock Exchange yesterday announced that preparations to host the Americas’ Central Securities Depositories Association’s (ACSDA) General Assembly next month are nearing completion.
The BSX will act as host for the ACSDA 2011 General Assem...
DATE: Feb 22, 2011
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CATEGORY:
Bermuda Stock Exchange
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Executives of Bermuda re/insurers Validus Holdings Ltd and Ariel Holdings Ltd were remaining tight-lipped yesterday as sources reported that the two companies were inching ever closer to a merger agreement.
The efforts of Validus to take over Ariel h...
DATE: Feb 22, 2011
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CATEGORY:
Reinsurance
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Bermuda-based re/insurer Lancashire Group yesterday trounced analysts’ forecasts with a fourth-quarter net after-tax profit of $131.8 million.
This compared to $129.6 million in the same period of 2009. Adjusted earnings per share were $2.08, comfort...
DATE: Feb 22, 2011
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CATEGORY:
Reinsurance
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Talks on a proposed merger between Bermuda-based Gerova Financial Group and UK investment bank Seymour Pierce are expected to be terminated within days, the UK press reported yesterday.
Instead Keith Harris, Seymour Pierce’s chief executive, is expe...
DATE: Feb 21, 2011
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CATEGORY:
International Business
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Ace Ltd chairman and chief executive Evan Greenberg was appointed a director of The Coca Cola Co last Thursday, the global beverage giant has announced.
The appointment is a feather in the cap of Mr Greenberg, who has led insurer Ace to strong growth...
DATE: Feb 21, 2011
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CATEGORY:
Reinsurance
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PARIS (Bloomberg) Finance ministers from the Group of 20 nations signalled concern that surging commodity costs are driving inflationary pressures around the world.
French Finance Minister Christine Lagarde, whose country chaired the meeting, said at...
DATE: Feb 21, 2011
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CATEGORY:
Economy
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Global business insurer XL Group’s shares soared 5.34 percent in trading on Friday to a two-and-half-year high of $24.65.
This came after XL announced that two of its Bermuda-based subsidiaries had received approval from the New York Insurance Depar...
DATE: Feb 21, 2011
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CATEGORY:
Reinsurance
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HOUSTON (Bloomberg) Six men were charged with conspiring to sell fake insurance policies to operators of the Ethan Allen, a tour boat that sank on New York’s Lake George in 2005, killing 21 elderly tourists.
The alleged conspiracy, which included par...
DATE: Feb 21, 2011
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CATEGORY:
Reinsurance
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