76412 results returned for search: "" category "Business"
Bermuda will continue to thrive in the global insurance market but it will face significant challenges in the years ahead, according to credit rating agency Fitch Ratings.
In its first commentary specifically on the state of the Bermuda market, Fitch...
DATE: Mar 05, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based Aspen Insurance Holdings Litd. has promoted Simon Mason to the role of deputy head of marine & energy, international insurance, with immediate effect.
In connection with the promotion, Mr. Mason will take on greater management responsib...
DATE: Mar 05, 2008
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ORLANDO, Florida (Reuters) - Banks may have to swallow reductions in the principal of some troubled home loans to ward off greater losses that could result from outright default, Federal Reserve chairman Ben Bernanke said yesterday.
Warning that mort...
DATE: Mar 05, 2008
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Bermuda-based Scottish Re announced yesterday chief executive officer George Zippel's term of employment will be cut short and will terminate on July 31 this year.
In addition, chief financial officer Terry Eletheriou's term of employment has been ex...
DATE: Mar 05, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Value investor Martin Whitman increased his stake in MBIA Inc. to 10 percent, saying the world's largest bond insurer will be able to keep its AAA rating and resume writing new policies.
Whitman, who has spent more than 50 year...
DATE: Mar 05, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index trimmed losses but ended lower yesterday due to a sell-off in financial and materials shares as commodity prices fell and quarterly results from two major banks disappointed.
It was the thir...
DATE: Mar 05, 2008
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The Bermuda Stock Exchange (BSX) has expressed its delight at Bermuda being listed in the top 33 global financial centres for value and volume of shares traded.
The Global Financial Centres Index (GFCI) report, which is published by the City of Londo...
DATE: Mar 05, 2008
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NEW YORK (AP) - Wall Street closed mixed yesterday, recuperating from a sharp plunge as investors snapped up bargain stocks on rumours that a bond insurer rescue plan is progressing and upbeat comments from Cisco Systems Inc. and Amazon.com Inc.
Earl...
DATE: Mar 05, 2008
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Bermuda-based clients of Marshall Diel & Myers are set to get the benefits of better legal services and resources in multiple jurisdictions following a new deal with a UK-based law firm.
Edwards Angell Palmer & Dodge UK LLP (EAPD) and MD&M have enter...
DATE: Mar 04, 2008
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The Bombay Palace restaurant has closed after being bought by its former cashier and will be reborn in May as The Caribbean Queen.
Linna Kumar decided to take the plunge into business ownership when her bosses put the Pembroke restaurant up for sale ...
DATE: Mar 04, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
