76339 results returned for search: "" category "Business"
In a time of financial turmoil, the insurance industry faces an unprecedented opportunity to begin selling on value and not on price, Joe Plumeri, chairman and CEO of Bermuda-domiciled Willis Group Holdings, the global insurance broker, told delegate...
DATE: Jun 17, 2009
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NEW YORK (AP) — Former American International Group Inc. CEO Maurice (Hank) Greenberg says a retirement bonus fund that AIG is trying to reclaim in federal court was not intended solely for AIG employees.
The insurance giant has accused Greenberg, th...
DATE: Jun 17, 2009
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Bermuda's shopkeepers endured yet more misery as retail sales fell by the second biggest amount this year, according to the latest statistics released by Government.
The Department of Statistics' Retail Sales Index revealed that retail sales volume d...
DATE: Jun 17, 2009
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SAN FRANCISCO (Bloomberg) - News Corp.'s MySpace social-networking unit fired almost 30 percent of its staff to save money in response to falling advertising sales and gains by larger rival Facebook Inc.
The cuts lower US staffing at Los Angeles-base...
DATE: Jun 17, 2009
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WASHINGTON (Bloomberg) — US President Barack Obama, warning Wall Street not to forget how it almost caused the financial system to collapse, said "sensible" new rules are needed to tighten oversight and restore confidence in US markets.
"Wall Street ...
DATE: Jun 17, 2009
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) slipped 8.74 points (0.37 percent) to 2,353.22 yesterday.
The Index traded a total of 78,776 shares worth $428,500.40.
Butterfield Bank fell five cents (6.4 percent) to $5.40, with 78,476 shares ch...
DATE: Jun 17, 2009
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Bermuda-based insurer Ironshore is planning to double its business this year, says chief executive officer Kevin Kelley.
The privately-held company, now in its third year of operation, has expanded rapidly since setting up with $1 billion in capital ...
DATE: Jun 17, 2009
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AUTHOR:
Jonathan Kent
Bermuda is on target to beat last year's total number of new re/insurance set up on its shores, according to the latest statistics released by the Bermuda Monetary Authority (BMA).
The BMA's figures showed that 40 new companies were incorporated on t...
DATE: Jun 17, 2009
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Premier Ewart Brown told an insurance industry audience yesterday that proposed US tax code changes to target non-US insurers could spark an international trade war.
Dr. Brown, who was speaking to delegates at the Insurance Day Summit at the Fairmont...
DATE: Jun 17, 2009
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AUTHOR:
Jonathan Kent
TORONTO (Reuters) - Research In Motion (RIM) is adding another smartphone to its BlackBerry line-up as it aims to win market share among both executives and mainstream consumers despite tough economic conditions.
The new model is known as the BlackBe...
DATE: Jun 17, 2009
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