76343 results returned for search: "" category "Business"
NEW YORK (Reuters) - Validus Holdings Ltd, a Bermuda-based provider of insurance and reinsurance, said yesterday it was taking its $1.6 billion all-stock hostile bid for rival IPC Holdings Ltd straight to shareholders.
Validus said earlier in April i...
DATE: May 01, 2009
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Bermuda-based Scottish Re Group Ltd. posted a net loss of $2.71 billion last year, the company announced last night - the biggest loss suffered by any company in the Bermuda insurance sector in 2008.
The life reinsurer, which has ceased writing new b...
DATE: May 01, 2009
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox has lost her grip on public finances, said the Opposition after credit rating agency Moody's downgraded Bermuda Government bonds.
Acting Shadow Finance Minister Pat Gordon-Pamplin said the Island's first ever downgrade by M...
DATE: May 01, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based reinsurer Endurance Specialty Holdings Ltd.'s enhanced its underwriting and risk management controls and should benefit from hardening reinsurance rates, according to rating agency AM Best.
Best affirmed all the ratings of Endurance and...
DATE: May 01, 2009
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A number of Butterfield Bank customers received a shock last week when they opened their chequing account statements to find they had been charged twice on some items.
A spokesman for Butterfield Bank said that the bank had been affected by a technic...
DATE: May 01, 2009
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VistaPrint Ltd. could be the latest company to leave Bermuda after its board of directors unanimously approved moving the domicile of the publicly-traded parent of the VistaPrint group of companies to The Netherlands.
Subject to approval by the Supre...
DATE: May 01, 2009
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Getting businesses ready in the event of the swine flu pandemic hitting Bermuda will be the focus for an informative seminar held by Expertise Lid. at the Fairmont Hamilton Princess hotel tomorrow.
The presentation, entitled 'Swine Flu: Readying your...
DATE: Apr 30, 2009
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Offshore financial centres (OFCs) are facing a "Doomsday scenario" as the world's major economic powers try to put them out of business.
That is the view of consultant Rodney Gallagher, who was a leading adviser to the UK Government on Caribbean fina...
DATE: Apr 30, 2009
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Planning your financial future will be the focus for Argus Financial Ltd.'s (AFL) latest series of seminars targeted at a different age groups across the board and their unique investment needs.
The free financial planning discussions, which will be ...
DATE: Apr 30, 2009
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NEW YORK (Reuters) - Corinne Ball, the charismatic and hard-charging lead bankruptcy attorney for Chrysler, is likely finding every one of her negotiating skills pushed to its limit this week.
As the US automaker wobbles on the verge of bankruptcy, M...
DATE: Apr 30, 2009
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