76418 results returned for search: "" category "Business"
NEW YORK (AP) - Wall Street ended a frenetic January with a huge advance yesterday after investors set aside worries about bond insurers and grew more optimistic that the Federal Reserve's interest rate cuts will indeed help lift the economy. The Dow...
DATE: Feb 01, 2008
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Domestic drug-trafficking is one of the main sources of money laundering in Bermuda according to both public and private sectors.
That is the view of the International Monetary Fund (IMF), which published its report entitled Anti-Money Laundering and...
DATE: Feb 01, 2008
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BF&M Ltd. continued its good run of late, posting a 50-cent increase (2.6 percent) on The Royal Gazette/Bermuda Stock Exchange Index yesterday.
The insurance company traded a total of 4,055 shares through the course of the day.
Butterfield Bank (19,0...
DATE: Jan 31, 2008
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Bermudian Brian Duperreault has been appointed as chief executive officer of Marsh & McLennan Co. s, the world's biggest insurance brokerage.
Mr. Duperreault enjoyed a spectacular career in Bermuda, especially as chairman and CEO of Ace Ltd. from 199...
DATE: Jan 31, 2008
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AUTHOR:
Jonathan Kent
Everest Re Group's 2007 fourth-quarter profits dropped by 94 percent compared to a year earlier, mainly due to a $311.2 million pre-tax charge for potential asbestos exposures in a bid to strengthen its reserves.
The Bermuda-based reinsurance giant p...
DATE: Jan 31, 2008
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Named chief executive officer of Marsh & McLennan Co.s in January 2008.
Director of Ace Ltd. from October 1994 until yesterday.
In May 2004, relinquished the office of the chief executive officer of Ace, remaining as chairman of the company until Jun...
DATE: Jan 31, 2008
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Bermuda-based bond insurer Ram Holdings Ltd. announced that Edward Gilpin has joined the company as chief financial officer.
Mr. Gilpin will report to Vernon Endo, the company's chief executive officer.
Mr. Endo said: "We are pleased to have Ted join...
DATE: Jan 31, 2008
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NEW YORK (Bloomberg) - Credit rankings on more than 37,500 bonds, most of them municipal, have been lowered or adjusted following Fitch Ratings' cut last week of its assessment of insurer XL Capital Assurance Inc., the company said on Tuesday.
XL Cap...
DATE: Jan 31, 2008
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Bermuda's anti-money laundering efforts may have been hampered by a lack of staff and budgetary constraints in the Bermuda Police Service and in the Department of Public Prosecutions, according to the International Monetary Fund (IMF) report on Bermu...
DATE: Jan 31, 2008
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AUTHOR:
Jonathan Kent
Bermuda's air quality and environment are set to benefit from the latest low sulphur diesel fuel which hit gas station forecourts across the Island this week.
The Ultra Low Sulphur Diesel Fuel, which is currently being introduced to gas stations by S...
DATE: Jan 31, 2008
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