76422 results returned for search: "" category "Business"
Investors who bought shares in Bermuda company Security Capital Assurance Ltd. (SCA) last June have joined two class action complaints, in which XL Insurance Ltd. is named as one of the defendants.
The actions concern SCA shares worth $300 million, w...
DATE: Jan 11, 2008
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - Growing risks posed by climate change are powering a surge in the sale of disaster insurance bonds, with the market forecast to grow in 2008 despite turbulence elsewhere in the credit market.
While the bottom fell out of the rest o...
DATE: Jan 11, 2008
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FRANKFURT (Reuters) - The European Central Bank left interest rates unchanged yesterday, but its president Jean-Claude Trichet said policy is certainly not neutral and the ECB is ready to take pre-emptive action against inflation if needed.
The ECB's...
DATE: Jan 11, 2008
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NEW YORK (AP) - Blackstone Group LP will spend as much as $930 million for GSO Capital Partners LP, a hedge fund that helps finance private equity buyouts and manages debt investments, the New York-based private equity firm said yesterday.
Blackstone...
DATE: Jan 11, 2008
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Bermuda reinsurance company IPC Holdings Ltd. this week declared a preferred dividend of $0.475781 per Series A Mandatory Convertible preferred share, payable on February 15, 2008 to preferred shareholders of record on January 31, 2008.
In addition, ...
DATE: Jan 10, 2008
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Offering insurance to cover companies against asbestos-related liabilities is the purpose of newly launched Bermuda company St. George Re Ltd.
According to the US Chamber of Commerce, legacy asbestos risk has cost American companies an estimated $70 ...
DATE: Jan 10, 2008
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Bermuda's banks are holding their variable mortgage rates steady despite the fact that the US central bank has lowered its rates three times since September.
The US Federal Reserve has cut its federal funds rate from 5.25 percent to 4.25 percent over...
DATE: Jan 10, 2008
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Butterfield Bank dropped 15 cents (0.15 percent) off its share price to close down at $17.95 on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The Bank traded 36,574 shares throughout the day.
The Index, as a whole, finished down 23....
DATE: Jan 10, 2008
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NEW YORK (Bloomberg) — Ace Ltd. chief executive officer Evan Greenberg said investor lawsuits against companies whose shares dropped because of subprime mortgage-linked losses will be "meaningful" for insurers of corporate boards.
Greenberg made the ...
DATE: Jan 10, 2008
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Starr Managing Agents Ltd. (SMAL), part of C.V. Starr & Co, Inc. yesterday announced a partnership with First Reserve Corporation, the largest private equity firm specialising in the energy industry, to form Lloyd's Syndicate 2243.
The new syndicate ...
DATE: Jan 10, 2008
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