76378 results returned for search: "" category "Business"
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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The Royal Gazette / Bermuda Stock Exchange (BSX) Index fell 27.29 points, or 2.4 percent, last week to close on 1,117.54.
Butterfield Bank fell 2.4 percent, or three cents, to $1.22 on the trading of 22,200 shares over the five days.
It was also a do...
DATE: Feb 21, 2011
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CATEGORY:
Bermuda Stock Exchange
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HONG KONG (Bloomberg) HSBC Holdings Plc recommended investors avoid China’s stocks until at least June because the government will announce more policy measures to cool inflation.
“We wouldn’t advise buying equities until we’re clear of signs of infl...
DATE: Feb 21, 2011
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CATEGORY:
Personal Finance
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Argus Group Holdings Ltd’s share price fell 1.8 percent yesterday in Bermuda Stock Exchange (BSX) trading.
The insurer, which was the only domestic company to see its value change, fell nine cents to close on $4.90, as 16,000 shares changed hands.
Tw...
DATE: Feb 19, 2011
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CATEGORY:
Bermuda Stock Exchange
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Two of XL Group’s Bermuda-based subsidiaries have received approval from the New York Insurance Department (NYID) to qualify for reduced collateral status in the state of New York pursuant to requirements set forth by New York insurance regulation.
T...
DATE: Feb 18, 2011
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CATEGORY:
Reinsurance
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René Hill has started a new business making crochet scarves. Ms Hill, a Lifestyle reporter for The Royal Gazette, will stage the official launch of René Hill Originals on Sunday at the 64 Degrees restaurant at Port Royal Golf Club, Southampton, from ...
DATE: Feb 18, 2011
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CATEGORY:
Other
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