76422 results returned for search: "" category "Business"
NEW YORK (AP) — Merrill Lynch & Co. yesterday recorded its biggest quarterly loss since being founded 94 years ago after the world's largest brokerage took almost $15 billion worth of write-downs from bad sub-prime mortgage bets.
The fourth-quarter l...
DATE: Jan 18, 2008
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LONDON (Reuters) - Britain's Virgin Group expects to receive details of a financing package for its proposed rescue of embattled bank Northern Rock in the next few days, owner Richard Branson said yesterday.
Branson said the Virgin-led consortium aim...
DATE: Jan 18, 2008
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Bermuda reinsurers RenaissanceRe Holdings and PartnerRe were yesterday given a vote of confidence by rating agency AM Best the day after they announced a combined $255 million write-down due to their exposure to the US sub-prime mortgage crisis.
Best...
DATE: Jan 18, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Bermuda-based Marvell Technology Group Ltd., the maker of chips for Apple Inc.'s iPod, lowered chief executive officer Sehat Sutardja's annual salary to $1 from $657,000. Marvell also reduced the salaries of technology chief Pa...
DATE: Jan 18, 2008
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Gordon Knight has been appointed as president of US operations, distribution and marketing at Allied World Assurance Holdings.
Mr. Knight joins Allied World from AIG Domestic Brokerage Group, where he most recently served as president of sales and ma...
DATE: Jan 18, 2008
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SAN FRANCISCO (AP) — For two years now, a lingering question surrounding the stock options scandal that triggered criminal charges against at least a dozen executives has been just how severely the courts would punish defendants who are convicted.
US...
DATE: Jan 18, 2008
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Organisers of the World Insurance Forum (WIF) to be held in Dubai said it will be "the the single largest and most important event ever organised by Bermudians outside the Island".
Statesmen, top insurance and reinsurance executives and even "world l...
DATE: Jan 18, 2008
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Bermuda-based Equinoxe Alternative Investment Services, a newly formed premium boutique fund administrator, yesterday announced that a wholly-owned subsidiary of XL Capital Ltd. has made a significant minority investment in Equinoxe.
This is one of ...
DATE: Jan 18, 2008
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American International Group Inc. (AIG) has become the latest company to terminate a Bermuda-based sidecar, a trend brought about largely by the lack of catastrophes in the past two years.
AIG's $730 million Bermuda-based sidecar Concord Re was set u...
DATE: Jan 18, 2008
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AUTHOR:
Jonathan Kent
Bermuda's international business sector was given an education in reinsurance at a seminar held at the Fairmont Hamilton Princess this week.
The course, entitled 'Demystifying Reinsurance', which was held on Wednesday and yesterday and hosted by The ...
DATE: Jan 18, 2008
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