76382 results returned for search: "" category "Business"
LONDON (Bloomberg) — The cost of borrowing in dollars overnight in London dropped for a second day after the US Senate approved a $700 billion financial-rescue plan to ease the credit crisis.
The London interbank offered rate, or Libor, that banks ch...
DATE: Oct 03, 2008
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Do you know where to find the best sushi in Manhattan or late night caviar in Los Angeles? What's the best way to fly from Boston to Kuala Lumpur in maximum comfort? How does one really get their hands on a Birkin bag? No?
Well chances are Glenn Bean...
DATE: Oct 03, 2008
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Bermuda-based Primus Guaranty Ltd., which manages $24.2 billion in credit-default swaps, had its Aaa counterparty rating stripped by Moody's Investors Service because of potential losses on contracts linked to failing financial firms.
Primus Financia...
DATE: Oct 03, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the insurer forced to peddle businesses to repay an $85 billion government loan, is seeking to sell its US life insurance and annuities units, people familiar with the situation said.
The larg...
DATE: Oct 03, 2008
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Bermuda Motors Ltd. has become the first official distributor of Pirelli tyres on the Island.
The official launch of the product was marked with a cocktail reception held at the Fairmont Hamilton Princess with 150 guests in attendance last night.
Mea...
DATE: Oct 03, 2008
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Bermuda-based Assured Guaranty Corp., the triple-A rated financial guaranty subsidiary of Assured Guaranty Ltd., is set to help fund a new highway in Texas after it guaranteed $130 million of convertible capital appreciation bonds for the North Texas...
DATE: Oct 02, 2008
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The Bank of Bermuda has moved fully into the insurance market with the launch of a new set of products for its retail, business and private banking clients.
The new coverage, which is being offered in conjunction with BF&M Ltd. and will be officially...
DATE: Oct 02, 2008
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Flagstone Reinsurance Holdings Ltd. announced yesterday that it has completed the merger of its Bermuda-based reinsurance unit with its Swiss operation.
Flagstone Reinsurance Ltd. of Bermuda and Flagstone Reassurance Suisse SA into one operating plat...
DATE: Oct 02, 2008
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Most US-listed Bermuda insurance companies saw their shares fall on Wall Street yesterday amid the uncertainty ahead of last night's vote by Senators on a rehashed US bailout plan (see page 10).
But New York-based American International Group (AIG), ...
DATE: Oct 02, 2008
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XL Insurance, the global insurance operations of XL Capital Ltd., has opened a new regional office in Boston.
The office, located at 470 Atlantic Avenue, will provide insurance agents, brokers and their clients in the region local access to XL Insura...
DATE: Oct 02, 2008
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