76339 results returned for search: "" category "Business"
Shareholders of Bermuda re/insurers IPC Holdings Ltd. and Max Capital Group Ltd. will today decide whether the two companies should merge.
The two companies finalised their amalgamation deal just over two months ago and shareholders will vote on it i...
DATE: Jun 12, 2009
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WASHINGTON (Bloomberg) — Revised forecasts from the International Monetary Fund and World Bank indicate weakness in the global economy this year will be followed by a stronger-than-expected recovery in 2010.
The IMF, which has rescued countries from ...
DATE: Jun 12, 2009
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Gregory Haycock has succeeded Donald Lines as non-executive chairman of Schroders Bermuda Ltd.
Mr. Haycock said he was looking forward to working with the unit's new head, David Burns, and saw opportunities ahead for the investment management and pri...
DATE: Jun 11, 2009
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AUTHOR:
Jonathan Kent
LONDON, June 10 (Reuters) - Bermuda-based drinks group Bacardi is expected to launch a loan refinancing of under $2 billion to wider syndication this week, bankers close to the deal said.
In March, Bacardi agreed $3 billion worth of financing includi...
DATE: Jun 11, 2009
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ON THE TABLE
IPC-Max merger - $2.50 per share for IPC shareholders (paid in two dividends - $1.50 per share three days after Friday's vote, and $1 per share following the closing of the transaction) and a cash dividend of $1 per share for Max shareho...
DATE: Jun 11, 2009
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Butterfield Bank saw its share price drop five cents (0.95 percent) to $5.20 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank traded 3,265 shares throughout the day.
The Index, as a whole, slipped 8.74 points (0.38 percent)...
DATE: Jun 11, 2009
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SAN FRANCISCO (Bloomberg) — Bermuda-based Marvell Technology Group Ltd. agreed to pay shareholders $72 million to settle claims the maker of chips for computers and mobile phones improperly backdated stock-option grants.
The agreement was reached aft...
DATE: Jun 11, 2009
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IPC Holdings Ltd. shareholders are set to decide on the future of the company tomorrow when they vote on Max Capital Group Ltd.'s proposed merger with IPC.
IPC and Max announced in March that the two companies would combine to form Max Capital Group,...
DATE: Jun 11, 2009
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LONDON (Bloomberg) — Bermuda-based Hiscox Plc, the third-biggest underwriter at Lloyd's of London, said more employees are requesting to transfer away from the UK, after the British government pledged to raise the highest tax rate on personal income ...
DATE: Jun 11, 2009
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Bermuda's Financial Intelligence Agency (FIA) has been admitted as a member of the Egmont Group — the world body of financial intelligence units.
Attorney General Kim Wilson announced in the Senate yesterday that the FIA officially joined the Egmont ...
DATE: Jun 11, 2009
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