76472 results returned for search: "" category "Business"
Former Tyco boss Dennis Kozlowski has spoken of life behind prison bars and the events that led to him being found guilty of stealing more than $100 million from the Bermuda-registered $40 billion conglomerate.
He gave a television interview to the C...
DATE: Mar 27, 2007
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AUTHOR:
Scott Neil
Bermuda’s reinsurance market claimed $11.6 billion in net income during 2006 compared to the hurricane-ravaged losses of 2005 when there was a $2.1bn net loss.
ACE led the way, accounting for 31 percent of the gross written premiums last year (see pi...
DATE: Mar 27, 2007
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AUTHOR:
Scott Neil
The financial strength of Hamilton-based Elwood Insurance Limited has been upgraded from B+ to B++ by rating agency AM Best, which has also issued a credit rating of “bbb.”The outlook for both ratings is stable.In a statement AM Best said the ratings...
DATE: Mar 27, 2007
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Max Re gets approval
Max Re Capital has received regulatory approval from the Delaware Department of Insurance to acquire a US-based excess and surplus lines company.
As it announced last December the proposed new Max subsidiary is expected to comple...
DATE: Mar 27, 2007
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The Bermuda Stock Exchange last week announced the approval of the listing of the non-voting participating shares of the Butterfield Select Invest Fund Limited. The listing was effective from January 31.
The fund was initially incorporated in Bermuda...
DATE: Mar 27, 2007
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NEW YORK (AP) — Citigroup Inc. expects to have completed its corporate cost review by mid-April, company officials said yesterday, as published reports suggested the nation’s largest bank was considering cutting about 15,000 jobs.The Wall Street Jour...
DATE: Mar 27, 2007
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Hardy Underwriting Plc, a Lloyd’s of London insurer, is still considering following the trend of British insurers relocated to Bermuda.
Speaking after Hardy announced its profits for 2006 had more than doubled, chief executive Barbara Merry told AFX ...
DATE: Mar 26, 2007
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NEW YORK (Reuters) — In another effort to bring insurers into the hurricane-ravaged Gulf States, the Louisiana insurance commissioner Friday proposed a $100 million “incentive” to property casualty carriers that write new policies in his state.Insura...
DATE: Mar 26, 2007
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Not even an appearance by Star Wars' Princess Leia actress Carrie Fisher 100 yards away could distract a roomful of business people from focusing on a panel discussion entitled "Getting the most out of your internal audit function — an executive's pe...
DATE: Mar 26, 2007
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CATEGORY:
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AUTHOR:
Scott Neil
NEW YORK (Reuters) — US stock investors will look to a slew of economic data next week to sustain Wall Street’s recovery, but lingering worries about the economy and the subprime mortgage market could create more jitters.Critical among next week’s da...
DATE: Mar 26, 2007
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