76379 results returned for search: "" category "Business"
NEW YORK (Reuters) - Citadel Investment Group, one of the world's biggest hedge funds, is shuttering a Bermuda reinsurer it formed in 2004, according to a source familiar with the matter.
Citadel, which manages roughly $18 billion, thought it had a w...
DATE: Nov 10, 2008
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Residents should be relieved but cautious following news that Bermuda is still operating at a healthy surplus in its trade with the rest of the world, economist Craig Simmons said.
The Bermuda College lecturer said that the second quarter of 2008 Bal...
DATE: Nov 10, 2008
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Bermuda's financial regulators will today examine one of the Island's major insurance companies in co-operation with their counterparts from other countries where that company does business.
The procedure, effectively a cross-border swapping of notes...
DATE: Nov 10, 2008
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AUTHOR:
Jonathan Kent
Entrepreneurs will have their chance to shine and do their bit for the local and global economy at the same time thanks to a competition launched by the Bermuda Small Business Development Corporation (BSBDC).
The Rocket Pitch competition, which is be...
DATE: Nov 10, 2008
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Bermuda was at the forefront of a captive insurance meeting held in Atlanta last week.
Almost 40 risk managers met with a delegation of business leaders from the Island at the event to discuss captives and Bermuda's importance as a top jurisdiction f...
DATE: Nov 10, 2008
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Max Capital Group Ltd. has expanded its global reach with the completion of the previously announced acquisition of Imagine Group (UK) Ltd., a Lloyd's insurance operation, from Imagine Insurance Company Limited.
Imagine managing agent will be rename...
DATE: Nov 10, 2008
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Barack Obama's election as US president could bring an indirect boost to Bermuda business — if the Island's governing party embraces the message of inclusiveness that propelled the Democratic candidate to a resounding victory last week.
That is the v...
DATE: Nov 10, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — The yen strengthened against the euro as global stocks fell last week after weak economic data encouraged investors to leave higher-yielding assets.
Japan's currency also rose this week against the Norwegian krone and the South...
DATE: Nov 10, 2008
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WASHINGTON/NEW YORK, (Reuters) – The US Federal Reserve hiked its support for insurer American International Group Inc to about $150 billion today after an initial bailout attempt failed to stem massive losses.
Under the new plan, the government is p...
DATE: Nov 10, 2008
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Expect a few quarters of recession in the US, but things could start to turn around by next summer, provided the grip of the credit squeeze is eased.
That is the view of Brown Brothers Harriman (BBH) partner Jeffrey Schoenfeld, who was speaking to an...
DATE: Nov 10, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
