76423 results returned for search: "" category "Business"
Insufficient emphasis by regulators has been placed on the investigation of "suspicious activities" by licensed companies, managers and executives under Bermuda law.
That is the view of Michael Hardy, an FCA and who has been an auditor, accountant an...
DATE: Jan 09, 2008
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LONDON (Bloomberg) — Bermuda-based Golden Ocean Group Ltd., a commodity shipping line led by Norwegian billionaire John Fredriksen, sold a commodity carrier for $121.4 million.
The carrier, which is being built in South Korea, will be delivered to it...
DATE: Jan 09, 2008
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Electronics maker Haier claims its Ibiza Rhapsody media player "requires no PC hook-up — ever!" because it can wirelessly tap AOL Video and the Rhapsody To Go music service without having to be tethered to a computer.
Never one to shrink from a chall...
DATE: Jan 09, 2008
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NEW YORK (Bloomberg) — Ex-American International Group Inc. chief executive officer Maurice (Hank) Greenberg was "unhappy" with a stock drop in 2000 driven by concern over the insurer's reserves, the company's head of investor relations testified yes...
DATE: Jan 09, 2008
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Security Capital Assurance Ltd.'s (SCA) share price reached a 52-week low, dropping 23.7 percent (75 cents) to close at $2.41 yesterday.
SCA's 52-week high had been $34.58 earlier last year, but it has been in free-fall since October 2007.
Meanwhile,...
DATE: Jan 09, 2008
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A headline in yesterday's Business section should not have stated that XL Capital's Clive Tobin is retiring from the company. As stated in the story, he is remaining with the company after stepping down as chief executive of insurance operations. In ...
DATE: Jan 09, 2008
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Allied World Assurance Company president and chief executive officer Scott Carmilani has been appointed chairman of the company's board, effective January 1, 2008.
Former chairman Michael Morrison will continue to serve as a director. Mr. Carmilani w...
DATE: Jan 09, 2008
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Government has come under fire for failing to tackle the problem of soaring inflation after the inflation rate peaked at a 19-year high of 4.8 percent.
According to the latest Consumer Price Index report released by the Department of Statistics on Mo...
DATE: Jan 09, 2008
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Butterfield Bank was the only company to trade any shares on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The Bank saw 2,600 shares change hands throughout the course of the day, but its share price remained the same at $18.10.
Ove...
DATE: Jan 08, 2008
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Arch Insurance Group, a member of Bermuda-based Arch Capital Group, has formed a new Energy division—Arch Worldwide Energy(SM) — that harnesses all property/casualty energy related capabilities in Arch through one dedicated unit to heighten its respo...
DATE: Jan 08, 2008
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