77160 results returned for search: "" category "Business"
Major shareholders in Bermuda-based Billing Services Group plc are aiming to force and extraordinary general meeting to be held in order to remove chairman Patrick Henegham and two directors.
Manx Financial Group plc (MFG), which holds 1.7 million sh...
DATE: Feb 28, 2011
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CATEGORY:
International Business
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Former The Hartford Financial Services Group, Inc chairman and chief executive officer Ramani Ayer has joined XL Group’s board of directors.
Mr Ayer retired from The Hartford in October 2009 after spending more than 12 years in those leading position...
DATE: Feb 28, 2011
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CATEGORY:
Reinsurance
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NEW YORK (AP) Robert Benmosche, chief executive of the bailed-out insurance company AIG, isn’t known to be shy.
On Friday’s conference call to discuss earnings, a Goldman Sachs analyst baited him with a question: “If pre-crisis you were the 800-pound...
DATE: Feb 28, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank saw 268,600 shares change hands last week, most of them traded after the bank announced a $207.6 million loss for 2010 on Tuesday.
Investors apparently welcomed the bank’s claims to have put its troubles behind it and Butterfield’s s...
DATE: Feb 28, 2011
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CATEGORY:
Bermuda Stock Exchange
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Tokio Millennium Re Ltd (TMR) has become the seventh Bermuda reinsurer to be approved for lower collateral requirements by the state of Florida.
The company, a subsidiary of Tokio Marine & Nichido Fire Insurance Co Ltd, will now be able to post 20 pe...
DATE: Feb 28, 2011
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CATEGORY:
Reinsurance
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A Bermuda-based company will be facing off against Lancashire County Cricket Club in British courts this week over the club’s plans to redevelop its famed Old Trafford cricket ground.
Derwent Holdings, which owns a nearby retail park, has launched a ...
DATE: Feb 28, 2011
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CATEGORY:
International Business
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Bermuda-based Gerova Financial Group’s merger with UK investment bank Seymour Pierce has been called off.
New York-based broker dealer Ticonderoga Securities, which was also planning to join the three-way merger, said it too had terminated discussion...
DATE: Feb 28, 2011
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CATEGORY:
Reinsurance
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Premier Paula Cox said today that the OECD Global Forum in Bermuda this year will provide a shot in the arm for both the Island’s tourism and international business sectors.
The Organisation for Economic Cooperation and Development has sent out offic...
DATE: Feb 28, 2011
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CATEGORY:
Economy
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Bermuda-based re/insurer Arch Capital Group Ltd has added $1 billion to its share repurchase programme.
This will be in addition to the $84.4 million available under a previous share repurchase authorisation.
Arch had $4.91 billion in capital at the ...
DATE: Feb 28, 2011
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CATEGORY:
Reinsurance
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NEW YORK (Bloomberg) Bermuda-based bond insurer Assured Guaranty Ltd, which faces a potential cut in its credit ratings under proposed changes by Standard & Poor’s, said it may sell debt to bolster capital if doing so would prevent a downgrade.
The c...
DATE: Feb 28, 2011
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CATEGORY:
Reinsurance
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