77160 results returned for search: "" category "Business"
The chairman of a Bermuda international company is being sued for alleged insider trading by US federal investigators.
The US Securities and Exchange Commission (SEC) announced the civil charges yesterday against Rajat Gupta, the chairman of Bermuda...
DATE: Mar 02, 2011
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CATEGORY:
International Business
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Credit rating agency AM Best Co yesterday downgraded the financial strength rating of insurer Argus Group Holdings Ltd for the second time in two years, citing a “significant decline” in the company’s capital position over the past two years.
Argus c...
DATE: Mar 02, 2011
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CATEGORY:
Reinsurance
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Age: 26
Role: First Assistant Golf Professional, Tucker's Point Club
What is your job? My main responsibilities at work include teaching golf, booking and checking in guests and members for golf rounds, order and process merchandise for the pro shop....
DATE: Mar 01, 2011
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CATEGORY:
Bermuda Works
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Seadrill has ordered two tender rigs from the COSCO Nantong Shipyard in China.
The two new units, T15 and T16, are scheduled for delivery in the first quarter and third quarter 2013, respectively.
The total project price is estimated at $225 millio...
DATE: Mar 01, 2011
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CATEGORY:
International Business
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The major re/insurers of the Bermuda market saw their net earnings fall by more than 10 percent last year, as catastrophe losses and lower investment returns ate into profitability.
A survey of the results of 20 leading companies all of whom have a m...
DATE: Mar 01, 2011
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CATEGORY:
Reinsurance
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LONDON (Reuters) HSBC cut its profitability targets due to the cost of tougher banking regulations and plans to cut costs and overhaul other areas after its annual profits fell short of expectations.
Europe’s biggest bank said 2010 pre-tax profit mor...
DATE: Mar 01, 2011
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CATEGORY:
Other
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Business Buzz is a monthly column presented by the Bermuda Small Business Development Corporation. Every month, read about entrepreneurship, obtain business management tips, and find out what's going on in the small business sector.
A Blueprint for ...
DATE: Mar 01, 2011
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CATEGORY:
Bermuda Works
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Bermuda-based re/insurer Hiscox Ltd posted strong net earnings for 2010, despite being hit with catastrophe claims of £165.5 million ($268.7 million).
The London-listed company yesterday announced a pre-tax profit of £211.4 million ($343.3 million), ...
DATE: Mar 01, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) American International Group Inc. cut its workforce by more than a third last year as the bailed-out insurer sold profitable units, including one to rival MetLife Inc., which now has more employees.
AIG had about 63,000 workers a...
DATE: Mar 01, 2011
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CATEGORY:
Reinsurance
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Bermuda reinsurer Validus Holdings Ltd has estimated its losses from last week’s deadly New Zealand earthquake at between $25 million and $50 million.
It based this on an industry loss estimate for the earthquake, which left more than 100 people dead...
DATE: Mar 01, 2011
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CATEGORY:
Reinsurance
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