76384 results returned for search: "" category "Business"
NEW YORK (Bloomberg) - Before credit markets from New York to London seized up a year ago, investment-grade companies could sell record amounts of debt in days. It took Tyco Electronics Ltd. treasurer Mario Calastri 12 months to complete the bond sal...
DATE: Aug 07, 2008
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NEW YORK (Bloomberg) - Ambac Financial Group Inc., the bond insurer that lost 92 percent of its stock market value in the past year, posted second-quarter net income after using an accounting change to record a $5.2 billion gain related to its debt s...
DATE: Aug 07, 2008
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LONDON (Bloomberg) — British insurer Old Mutual said it will take a half-billion-dollar charge because of "mistakes" made at its Bermuda unit.
The London-listed company saw its share price fall 11.4 percent yesterday after it announced the charge in ...
DATE: Aug 07, 2008
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Ground water cooling - the most efficient method of rejecting heat in Bermuda's climate and geographical region. This should ensure that the cooling water stays at 72 degrees Fahrenheit.
Multi-stage chiller plant - designed to ramp up and down to mee...
DATE: Aug 07, 2008
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An era of 'green' construction in Bermuda will be launched when the Island's first ever LEED (Leadership in Energy and Environmental Design) accredited building in Victoria Place, Hamilton opens its doors at the start of November.
The building, which...
DATE: Aug 07, 2008
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Butterfield Bank expects its financial results will be boosted by a one-time gain of $110 million during the second half of this year through the imminent merger of its fund services unit with the Fulcrum Group.
In a joint announcement on Tuesday, Bu...
DATE: Aug 07, 2008
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DATE: Aug 07, 2008
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AM Best Co. has assigned indicative ratings of "bbb" on senior debt, "bbb-" on sub-ordinated debt and "bb+" on preferred stock and trust preferred securities to OneBeacon Insurance Group Ltd. and OneBeacon US Holdings, Inc.'s recently filed $1 billio...
DATE: Aug 07, 2008
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Fulcrum Group and Butterfield Fund Services yesterday announced they plan to join forces to create a Bermuda-based company expected to be in the top 10 alternative asset fund administration companies in the world.
The agreement to form Butterfield Fu...
DATE: Aug 06, 2008
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - Bermuda-based insurer Lancashire Holdings said its net profit for the second quarter fell 38 percent, hit by lower investment returns and higher claims expenses.
London-listed Lancashire, which specialises in lucrative but risky li...
DATE: Aug 06, 2008
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