76441 results returned for search: "" category "Business"
AKRON, Ohio (AP) — An investment adviser to the state agency for injured workers has been convicted of fraud charges connected to the loss of $216 million in a high-risk hedge fund, becoming the 20th person convicted in a wide-reaching scandal.
Mark ...
DATE: Nov 01, 2007
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LONDON (Bloomberg) — Bermuda-headquartered Seadrill, the Norwegian oil-rig company set up by billionaire John Fredriksen, has raised $1 billion of convertible bonds, the largest ever deal of its kind by a Scandinavian company.
The five-year bonds, is...
DATE: Nov 01, 2007
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Bermuda has a lot going for it as a place where professionals want to work and where corporations feel they can successfully base their businesses, but the Island's Government should be wary of taking it all for granted.
Mark Surrette, president of N...
DATE: Nov 01, 2007
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Bermuda's $1 billion-capitalised Ironshore Insurance has been given approval to provide property and catastrophe insurance on an excess and surplus basis for risks located in the state of Louisiana.
Ironshore will provide commercial property and cond...
DATE: Nov 01, 2007
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AUTHOR:
Scott Neil
The Royal Gazette / Bermuda Stock Exchange climbed 24.69 points (0.5 percent) to 5,006.6 on a day when 114,181 shares were traded, representing a value of $2,141,612.
Butterfield Bank stock gained 20 cents (1.1 percent) a day after the bank's third q...
DATE: Nov 01, 2007
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NEW YORK (Bloomberg) — American International Group, the world's biggest insurer, raised $3.5 billion to invest in infrastructure buyouts.
Two-thirds of the money has been committed for investments, AIG Highstar Capital said in a statement. More than...
DATE: Nov 01, 2007
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Money isn't everything, as Bermuda continues to prove with its ability to attract hedge fund business despite being up against the likes of Cayman Islands and the British Virgin Islands.
But with a marketing budget of just $2.1 million the efforts of...
DATE: Nov 01, 2007
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AUTHOR:
Scott Neil
The gross written premiums of American Safety Insurance Holdings for the third quarter actually decreased by 18 percent, not increased by 18 percent, as was printed in Tuesday's report.
DATE: Nov 01, 2007
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LONDON (Bloomberg) — Credit Suisse Group lowered its recommendation on European insurance stocks to "market-weight" from "overweight," writing that growth in life insurance will continue to weaken due to increasing pressure on the consumer.
Analysts ...
DATE: Oct 31, 2007
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NEW YORK (Business Wire) - American International Group plans to provide funding to support projects that reduce or sequester greenhouse gas emissions, through the purchase of carbon dioxide emission offset credits, in the Xinjiang and Sichuan provin...
DATE: Oct 31, 2007
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