77161 results returned for search: "" category "Business"
XL Insurance has announced the appointment of Michael Garceau as chief operating officer (COO) of its North America property and casualty (P&C) unit.
He will join the company on November 8, 2010, reporting to Seraina Maag, XL Insurance's chief execut...
DATE: Nov 04, 2010
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The Bermuda Employers' Council (BEC) has welcomed the appointment of Paula Cox as Premier and her pledge to cut Government spending and take control of the issuing of contracts and procurement to businesses.
Martin Law, executive director of the BEC,...
DATE: Nov 04, 2010
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Butterfield Bank announced a third-quarter net loss of $18.6 million last night, as results were impacted by problem loans to hospitality projects in Bermuda and The Bahamas.
The bank made provisions related to those loans of $14.2 million and also b...
DATE: Nov 04, 2010
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AUTHOR:
Jonathan Kent
LONDON (AP) — The union representing British Airways cabin crew staff has lost its court appeal against the airline's decision to reduce the number of staff on flights.
The Court of Appeal ruled yesterday that the changes instigated by BA in November...
DATE: Nov 04, 2010
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Orient Express Hotels Ltd. made a net loss of $22.5 million or 25 cents per share during the third quarter of 2010, but boosted its total revenue, excluding real estate, by 14 percent or $19.2 million to $159 million.
The Bermuda-based company, which...
DATE: Nov 04, 2010
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VATICAN CITY (AP) — The head of the Vatican bank met yesterday with Italy's economy minister amid an investigation by Rome prosecutors into alleged violations of Italy's anti-money laundering rules at the bank.
The Vatican said the meeting was a regu...
DATE: Nov 04, 2010
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LONDON (AP) — Britain's part-nationalised Lloyds Banking Group said yesterday that it has chosen an executive from Spanish bank Santander to be its next CEO.
Antonio Horta-Osorio, who has headed Santander UK since 2006, will take over from Eric Danie...
DATE: Nov 04, 2010
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Alternative Re Ltd., a subsidiary of Arch Capital Group Ltd., announced yesterday that Arthur Cronin joined the company as president and chief operating officer.
Mr. Cronin will be based in the company's Bermuda offices. Alternative Re and its affili...
DATE: Nov 04, 2010
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PartnerRe Ltd.'s profits held up well during the third quarter of 2010 despite taking a $64 million hit from the New Zealand earthquake.
Net income for the re/insurer fell slightly to $524.9 million or $6.76 per share for the quarter from $566.7 mill...
DATE: Nov 04, 2010
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WASHINGTON (AP) — The Federal Reserve announced a bold plan yesterday to try to invigorate the economy by buying $600 billion more in Treasury bonds.
The Fed said it would buy the long-term government bonds by the middle of 2011 to further drive down...
DATE: Nov 04, 2010
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