76369 results returned for search: "" category "Business"
Everest Re Group Ltd.'s subsidiary Everest Reinsurance Co. has been approved as an admitted property and casualty reinsurer in Brazil.
The approval by the Brazilian insurance regulator, SUSEP (Superintendencia de Seguros Privados) allows Everest to e...
DATE: Dec 23, 2008
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LONDON (AP) — House prices in Britain will fall ten percent next year as banks rein in mortgage lending and buyers are deterred by the economic slowdown, a leading property researcher forecast yesterday.
Hometrack acknowledged that because of the mar...
DATE: Dec 23, 2008
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TORONTO (Bloomberg) - Canadian stocks fell, sending the main index to its biggest drop in three weeks, as energy producers slid along with oil prices.
Suncor Energy Inc. fell 11 percent as crude slid on speculation that the global recession will curt...
DATE: Dec 23, 2008
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LONDON (AP) — Two rate-setting members of the Bank of England indicated yesterday they favour deeper rate cuts to help the economy through the looming recession, causing a further fall in the value of the pound.
The Bank of England's deputy head, who...
DATE: Dec 23, 2008
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Retailers received some early Christmas cheer with a successful week's trading in the run up to the festive season, despite the current economic crisis and credit crunch hitting many customers' pockets hard.*
Kristi Grayston, chairman of the Retail D...
DATE: Dec 23, 2008
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An international company is suing the Bank of Bermuda for $262,000 — the sum which it claims the bank, by failing to make basic checks, allowed fraudsters to withdraw from its account — plus damages.
Goran Management Ltd., a Bermuda-based insurance p...
DATE: Dec 23, 2008
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AUTHOR:
Jonathan Kent
Validus Holdings, Ltd. announced yesterday that it is expanding its business into technical lines property insurance through a unit in New York to be run by an top executive who has joined from American International Group (AIG).
David Hawksby has be...
DATE: Dec 23, 2008
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Belco Holdings Ltd. slid 50 cents (3.22 percent) to $15 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The utilities company traded 962 shares throughout the day.
Argus Group Holdings Ltd. was also down five cents (0.49 percent) a...
DATE: Dec 23, 2008
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XL Capital Ltd. chief executive officer Michael McGavick said yesterday that the insurer's business retention rates are in line with previous years — after three ratings agencies last week downgraded the company, partly over concerns over potential l...
DATE: Dec 23, 2008
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AUTHOR:
Jonathan Kent
By day Zane DeSilva runs one of the top construction companies on the Island and outside working hours he is an MP representing the people and interests of Bermuda.
For the self-made entrepreneur juggles heading up Devonshire-based Island Constructio...
DATE: Dec 23, 2008
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