76398 results returned for search: "" category "Business"
LONDON/FRANKFURT (Reuters) - European insurers Munich Re, Old Mutual and Royal & Sun Alliance warned that market conditions would be tough this year, due to rising competition and turbulent financial markets.
Munich Re, the world's second-largest rei...
DATE: May 09, 2008
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Two accountants at the Bermuda-based office of the Arthur Morris Group of Companies have been handed the considerable task of assessing what is required to manage the winding up of the IPOC International Growth Fund and eight related companies.
Dudle...
DATE: May 09, 2008
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) - Websites that compare insurance policies may not give consumers the full picture of where to find the best deal, the UK financial markets regulator said.
Few comparison websites give full details on coverage or deductibles, accor...
DATE: May 09, 2008
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Bermuda-based Dockwise Ltd. marine contractor added a third vessel to its fleet at subsidiary Dockwise Transport.
After successfully completing the submerging test and sea trials, mv Talisman was delivered to the owners yesterday. The heavy transport...
DATE: May 09, 2008
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The allegation that a US intelligence-gathering firm had bribed an employee of KPMG Advisory Services, the company hired by the Bermuda Finance Ministry to carry out an inspection of the IPOC Fund, provided an intriguing sideshow to the long-running ...
DATE: May 09, 2008
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AUTHOR:
Jonathan Kent
As far as the Royal Canadian Mounted Police are concerned, the acronym IPOC stands for "Integrated Proceeds of Crime". That may seem richly ironic to those who have been following the long and highly complex case of the Bermuda-based IPOC Internation...
DATE: May 09, 2008
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Hundreds of residents have been queuing up to send money abroad as Bermuda gets its first money transfer service in six years.
C Advantage received permission to operate MoneyGram from the Ministry of Finance after supplying them with reams of inform...
DATE: May 09, 2008
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NEW YORK (Bloomberg) — American International Group Inc., the world's largest insurer by assets, said it will raise $12.5 billion after posting back-to-back quarterly losses for the first time as a publicly traded company.
AIG had a record first-quar...
DATE: May 09, 2008
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NEW YORK (Bloomberg) — Bermuda-based Assured Guaranty Ltd., the bond insurer with three stable AAA credit ratings, posted a $169.2 million loss as the mortgage-linked securities it guarantees fell in value.
The first-quarter net loss was $2.11 a shar...
DATE: May 09, 2008
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Bermuda-based Allied World Insurance saw its net income rise 15 percent during the 2008 first quarter.
The company reported $130.9 million, or $2.55 per diluted share, for the first quarter 2008 compared to net income of $113.9 million, or $1.83 per ...
DATE: May 09, 2008
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