Log In

Two collaterised debt obligations of Bermuda-based Security Capital Assurance, representing $792 million, have been downgraded from AAAs, one to BBB and the other to CCC by Fitch. In a statement regarding the ratings downgrades and affirmations for g...

Validus Holdings' CEO Ed Noonan, chairman Michael Carpenter, and chief financial officer Jeff Consolino are scheduled to present at the Credit Suisse Insurance and Asset Management Conference in New York City this Friday.

NEW YORK (Bloomberg) — Lazard, the investment bank led by Bruce Wasserstein, hired Bruce Bilger from law firm Vinson & Elkins as chairman and head of the global energy advisory business and co-head of southwest investment banking. Mr. Bilger, 55, is ...

Bermuda-based shipping firm Knightsbridge Tankers boosted its earning potential for the third quarter 2007 by $2,400 per day. The company, which operates out of Hamilton, saw its average daily time charter equivalents earned by its five very large cr...

As the young men took their seats around the enormous boardroom table, their manner was suitably composed, but it was obvious that this was not an environment they had expected to find themselves in quite this soon, if ever. The occasion was the form...

NEW YORK (Businesswire) — AIG Environmental, a division of the property and casualty subsidiaries of American International Group, has announced AIG Environmental Portal, an online tool designed to streamline the underwriting process and provide easy...

OSLO, Norway (AP) — Nymex Holdings, the parent company of the New York Mercantile Exchange, will buy a 15.1 percent stake in the Norwegian financial derivatives exchange Imarex ASA for about $52 million. Oslo-based Imarex specializes in markets for b...

Butterfield Bank was the only company to experience any change on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday. The bank's share value dropped five cents (0.3 percent) to close at $18.85, with 1,600 shares traded. BF&M Ltd., meanwhi...

BEIJING (Bloomberg) - Yahoo! Inc., competing with Google Inc. to attract Internet traffic on wireless devices, will offer its search engine to mobile-phone users in Latin America, building on an expansion in Europe and Asia. Wireless customers in Arg...

MACAU (Bloomberg) - Apple Inc. rose the most in more than a year in Nasdaq trading after China Mobile Ltd., the world's biggest wireless operator, said it is in talks to sell the iPhone. Apple, rebounding after four days of declines, advanced 11 perc...