77160 results returned for search: "" category "Business"
NEW YORK (Bloomberg) Maurice (Hank) Greenberg, the former American International Group Inc chief executive officer, claimed the judge presiding over a New York state lawsuit against him is biased and must step down from the case, according to court p...
DATE: Mar 10, 2011
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CATEGORY:
Reinsurance
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Shares of Bermuda-based insurer Omega Insurance Holdings Ltd plunged nearly 18 percent yesterday after the firm posted a record loss.
Omega said it lost $42.8 million last year, compared with a profit of $43.6 million in 2009, mainly because of claim...
DATE: Mar 09, 2011
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CATEGORY:
Other
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RenaissanceRe chief executive officer Neill Currie sees the possibility of upward pressure on reinsurance rates for mid-year property-catastrophe renewals.
The combination of fear in the market after expensive catastrophes earlier in the year in Aust...
DATE: Mar 09, 2011
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CATEGORY:
Reinsurance
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Virtually all asset classes gave positive returns in 2010, said Premier and Finance Minister Paula Cox yesterday as she reported on the performance of the Public Pension Funds.
At the end of last December:
- Contributory Pension Fund’s assets totalle...
DATE: Mar 09, 2011
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CATEGORY:
Other
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AUTHOR:
Tim Smith
KeyTech Ltd. jumped 12.74 percent (79 cents) to $6.99 on The Bermuda Stock Exchange (BSX) yesterday.
The telecommunications provider traded 700 shares during the day.
The Ascendant Group Ltd. also climbed 3.44 percent (50 cents) to $15 with 300 share...
DATE: Mar 09, 2011
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CATEGORY:
Bermuda Stock Exchange
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PartnerRe Ltd. has estimated losses of between $180 million and $240 million from the earthquake that shook New Zealand last month.
The initial estimate of expected losses relates to the M6.3 earthquake which occurred near Christchurch on February 21...
DATE: Mar 09, 2011
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CATEGORY:
Reinsurance
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Endurance Specialty Holdings CEO David Cash has been elected chairman of Business Bermuda by the board of directors, it was announced yesterday.
Mr Cash replaces Vicki Coelho who recently completed her two-year term as chairman.
In his new role, Mr C...
DATE: Mar 09, 2011
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CATEGORY:
Other
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The Bermuda Employers’ Council will be taking to the fairway with its first annual golf tournament held at Belmont Hills on March 18.
The trophy for the winning team has been named after Malcolm Dixon, former executive director of the BEC and a well-...
DATE: Mar 09, 2011
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CATEGORY:
Other
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The recession is behind us, times have changed and it’s time to get back to business.
That will be the key message for the Society of Trust and Estate Practitioners Caribbean Conference which will be held at the Fairmont Southampton between May 16 an...
DATE: Mar 09, 2011
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CATEGORY:
Other
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One of Bermuda’s biggest furniture dealers has relocated from the centre of Hamilton to Paget in order to consolidate its operation.
Furniture Walk, which moved from Reid Street to Harvey Road in Paget, opened the doors of its new retail shop on Satu...
DATE: Mar 09, 2011
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CATEGORY:
Other
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