76379 results returned for search: "" category "Business"
Bermuda-based American Safety Insurance Group has had its financial strength rating of A affirmed by AM Best.
The ratings agency also announced yesterday that it was affirming the company's issuer credit rating (ICR) of "a" .
Best also has affirmed t...
DATE: Oct 31, 2008
|
CATEGORY:
Other
|
Bermuda-based insurer Ironshore has announced the resignation of its president and chief underwriting officer effective today.
Ironshore said that Leslie Rock, who has been with the company since it formed in Bermuda in January 2007, was leaving his ...
DATE: Oct 31, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Former Refco Group Ltd. president Tone Grant, a decorated US Marine Corps veteran, entered a US prison to begin serving a ten-year sentence for defrauding investors of $2.4 billion in an eight-year accounting scheme.
Grant, 64,...
DATE: Oct 31, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Becton, Dickinson & Co. was awarded $58.4 million by a federal judge in a patent case against a Tyco International Ltd. spin-off, and won an injunction blocking the sales of infringing hypodermic needle safety shields.
A jury i...
DATE: Oct 31, 2008
|
CATEGORY:
Other
|
Bermuda-based industrial giant Foster Wheeler has won a contract to manage a project to establish a new oil refinery in Libya.
The company announced yesterday that its Milan-based subsidiary Foster Wheeler Italiana S.p.A. was awarded the contract by ...
DATE: Oct 31, 2008
|
CATEGORY:
Other
|
Counsellors at Bermuda's Employee Assistance Programme (EAP) opened 1,021 new cases last year, EAP chairperson Martha Pitman told the organisation's AGM yesterday.
These clients were in addition to files carried over from the previous year yet still ...
DATE: Oct 30, 2008
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — The Federal Reserve cut its benchmark interest rate by half a percentage point to one percent, matching a half-century low, in an effort to avert the worst US economic downturn in the postwar era.
"Downside risks to growth rema...
DATE: Oct 30, 2008
|
CATEGORY:
Other
|
NEW YORK (Reuters) - Ace Ltd. chief executive Evan Greenberg yesterday chided insurers asking to take part in a taxpayer-funded financial rescue, saying the motivation is not real need but access to "cheap capital".
"Taxpayers should be a last resort...
DATE: Oct 30, 2008
|
CATEGORY:
Other
|
The Royal Gazette/Bermuda Stock Exchange fell slightly yesterday to close at 3,667.20. The BSX dropped 18.30 points (0.50 percent) on a day which saw only three stocks active.
Butterfield Bank traded 11,377 shares and closed unchanged at $12.
Also ac...
DATE: Oct 30, 2008
|
CATEGORY:
Other
|
A large number of Bermuda insurance and reinsurance executives are this week attending two key industry gatherings that are a world apart.
In Germany at the Black Forest spa town of Baden Baden, and in Scottsdale, Arizona in the US, reinsurers and in...
DATE: Oct 30, 2008
|
CATEGORY:
Other
|
