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Bermuda insurer Ironshore's A- (excellent) financial strength rating has been affirmed by ratings agency AM Best.
The company's issuer credit rating was also affirmed at a-. The ratings apply to both Ironshore Insurance and Ironshore Reinsurance.
Bes...
DATE: Apr 18, 2008
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AUTHOR:
Jonathan Kent
Bermuda Commercial Bank Ltd. saw its share price soar by almost 40 percent ($3.50) to close at $12.50 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank traded 4,600 shares, the exact same number as Bermuda Commercial Bank Lt...
DATE: Apr 18, 2008
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BEIJING (AP) — On display at next week's Beijing auto show: Global automakers' hopes that booming China will drive sales this year as demand elsewhere slumps.
General Motors Corp. plans to show 42 models at Auto China 2008. Volkswagen AG is debuting ...
DATE: Apr 18, 2008
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The importance of getting a proper education was highlighted to students by the Bermuda International Business Association (BIBA) at West End Primary Primary School this week.
BIBA continued its local awareness initiative with a presentation on inter...
DATE: Apr 18, 2008
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BF&M Ltd. proved to be the big winners on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The insurance company saw its share price rise 85 cents (four percent) to close at $22.35, with 5,541 shares traded.
But it was not so good for ...
DATE: Apr 17, 2008
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TORONTO (Bloomberg) - Canadian stocks rose to a five-month high, led by raw material producers, after Potash Corp. of Saskatchewan Inc. raised prices and gold futures climbed.
Potash advanced for a 12th day, the longest stretch of gains since its ini...
DATE: Apr 17, 2008
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Bermuda-based bond insurer Assured Guaranty added six staff to US public finance group in the first quarter to meet soaring demand.
Assured's share of new municipal-bond insurance jumped fourfold in the first quarter to more than 30 percent, the comp...
DATE: Apr 17, 2008
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LONDON (Reuters) - The number of people claiming jobless benefits in Britain fell to its lowest since 1975 in March, official data showed yesterday, but there are signs that unemployment could rise as the credit crunch bites.
Employment is running at...
DATE: Apr 17, 2008
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WASHINGTON (Bloomberg) - A US congressional investigation of tax evasion in the Cayman Islands will end with a "boring" report that finds no evidence of wrongdoing, said Timothy Ridley, the Cayman Islands' top securities regulator.
The Senate Finance...
DATE: Apr 17, 2008
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NEW YORK (Bloomberg) — JPMorgan Chase & Co. chief executive officer Jamie Dimon said he expects US home prices to drop as much as nine percent this year as even borrowers with the best credit are having difficulty keeping up their mortgage payments.
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DATE: Apr 17, 2008
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