76353 results returned for search: "" category "Business"
Bermuda-based insurer Hiscox Ltd.'s chairman Robert Hiscox described his company's 2008 financial results as a "robust performance", despite seeing its profit before tax more than halved over the past year.
The insurance company's profit before tax f...
DATE: Mar 10, 2009
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Brit Insurance has snubbed Bermuda in its search for a new domicile and is set to move to Holland instead.
The Lloyd's of London insurer confirmed the long-anticipated move along with its annual results for 2008, saying that relocating its head offic...
DATE: Mar 10, 2009
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HOUSTON (Reuters) - Life isn't easy for Ralph Janvey, the court-appointed receiver now overseeing the financial empire of Texas billionaire Allen Stanford, accused by US regulators of carrying out a massive Ponzi scheme.
Janvey, a straight-talking, D...
DATE: Mar 10, 2009
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FIX THE BOOKS: Calling all Leo Blooms.
The mousy accountant portrayed in "The Producers" may be the poster boy for a booming career in an uncertain economy. Employment of accountants is expected to grow by about 18 percent between 2006 and 2016, fast...
DATE: Mar 10, 2009
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NEW YORK (Reuters) - AIG senior reinsurance executive Charles Dangelo has left the insurer to join a company run by its former chief executive officer Maurice (Hank) Greenberg.
Dangelo joins the growing number of executives who have left American Int...
DATE: Mar 10, 2009
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LONDON (Reuters) - European banks declined to discuss a report that they were beneficiaries of the $173 billion bail-out of insurer AIG that has sparked political furore in the United States.
Goldman Sachs, Morgan Stanley and a host of other US and E...
DATE: Mar 10, 2009
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NEW YORK (AP) - Bermuda-based insurer XL Capital paid out more than $16 million in compensation to the two chief executives that oversaw the company in 2008.
Non-executive chairman Brian O'Hara, who served as CEO until April 30, took home $8.7 millio...
DATE: Mar 10, 2009
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Appleby has appointed Rory Gorman as managing director of Appleby Services (Bermuda) Ltd.
Mr. Gorman joins the law firm having previously worked as head of office and managing director of Marsh Management Services (Bermuda) Ltd., and most recently as...
DATE: Mar 10, 2009
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Businessman and former Premier Sir John Swan approves of the capital-raising deal between Butterfield Bank and Government - so much so that he intends to invest in it.
Sir John yesterday said the $200 million of preferred stock being sold by Butterfi...
DATE: Mar 10, 2009
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AUTHOR:
Jonathan Kent
Butterfield Bank fell 10.3 percent (75 cents) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, sinking to its lowest level since January 2003.
The bank, which has seen its share price drop by 37.8 percent for the year to date, close...
DATE: Mar 10, 2009
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