76292 results returned for search: "" category "Business"
Paris Re Holdings Ltd., a Switzerland-based reinsurer acquired by Bermuda-based PartnerRe Ltd. last year, has seen its financial strength rating upgraded to A from A- by AM Best.
The New Jersey-based credit rating agency said the upgrade reflected th...
DATE: Jan 25, 2010
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An agreement to settle the tax debts of the Hamiltonian Hotel and Island Club Ltd. is expected to be finalised this week.
The Ministry of Finance has applied to appoint the Official Receiver as provisional liquidator of the Pembroke resort, arguing t...
DATE: Jan 25, 2010
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) - US commercial insurance rates fell 5.6 percent in the fourth quarter, a smaller decline than in the three months ended September 30, according to the Council of Insurance Agents and Brokers.
Large accounts, generating more than...
DATE: Jan 25, 2010
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NEW YORK (Bloomberg) - Willis Group Holdings plc., the third-largest insurance broker, extended the contract of CEO Joseph Plumeri until July 2013.
His previous agreement was set to expire in April 2011, the London-based company said on Friday in a s...
DATE: Jan 25, 2010
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White Mountains Re Ltd. has agreed to buy Nebraska-based Central National Insurance Company of Omaha from Drum Financial Corporation for about $5 million.
In run-off since 1989, Central National has been operated under an order of Rehabilitation in ...
DATE: Jan 25, 2010
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ZURICH/WASHINGTON (Reuters) - A client of Swiss bank UBS won an appeal to prevent her account data from being given to the US as part of a US probe into possible tax evasion among wealthy bank customers.
The case raises doubt about the future of the ...
DATE: Jan 25, 2010
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OTTAWA (Reuters) - Canada's green energy sector looks set to deliver a healthy crop of public offerings in 2010 as a thaw in capital markets and a wealth of government incentives help lure back investors.
Bankers and analysts say a range of clean ene...
DATE: Jan 25, 2010
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Shares of Bermuda-based oil tanker operator Nordic American Tanker Shipping Ltd. (NAT) plunged more than seven percent on Friday after the company priced an offering of four million shares at $30.50.
The business model of the company, which is run ou...
DATE: Jan 25, 2010
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) - The dollar fell against the euro and yen on Friday as investors exited risky trades, unnerved by US President Barack Obama's proposals to limit risk-taking by US banks.
The yen, which often benefits when investors grow nervous, t...
DATE: Jan 25, 2010
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Chief Justice Richard Ground ended a case which has dragged through the courts for more than three years on Friday, when he ordered the winding up of Bermuda-based ferry and railway company operator Sea Containers Ltd.
The company, which at one time ...
DATE: Jan 25, 2010
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CATEGORY:
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AUTHOR:
Jonathan Kent
