76472 results returned for search: "" category "Business"
A $6.3 billion merger between Bermuda-based PXRE Group and Texas-based Argonaut Group will result in a new holding company called Argo Group domiciled in Bermuda.
The new company will control all PXRE’s insurance subsidiaries including the newly form...
DATE: Mar 15, 2007
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AUTHOR:
Scott Neil
CHICAGO (Bloomberg) — Jury selection in the fraud and racketeering trial of Conrad Black, the former Hollinger International Inc. chairman, began with the questioning of 27 prospective jurors in a federal courtroom in Chicago.Black, 62, sat at a tabl...
DATE: Mar 15, 2007
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An improvement in the price of Argus shares was the only movement on the Royal Gazette/Bermuda Stock Exchange Index as it moved 17.32 points (0.35 percent) higher to close at 4,997.38.
Insurance group Argus saw its shares increase in value by 50 cent...
DATE: Mar 15, 2007
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Hiscox's reinsurance staff don't like cricket ... they love it.
The 2005 Bermuda start-up has its name proudly emblazoned across the national cricket team's World Cup strip after stepping in to a gap left by a sponsorship rule that forbade Bank of Be...
DATE: Mar 15, 2007
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AUTHOR:
Scott Neil
DETROIT (AP) — General Motors Corp. accomplished something in the fourth quarter of 2006 that domestic automakers have been unable to do for some time: it reported a profit.Now comes the hard part — repeating that success. The company’s chief financi...
DATE: Mar 15, 2007
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Hurricane-force European windstorm Kyrill and a space satellite that exploded after crashing back onto its floating sea launch platform have left Flagstone Reinsurance with an estimated bill of between $22 million and $38 million in the opening month...
DATE: Mar 15, 2007
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AUTHOR:
Scott Neil
NEW YORK (Bloomberg) — Shares of PXRE Group Ltd. rose as much as 18 percent after the Bermuda-based reinsurer agreed to be acquired by Argonaut Group Inc. for $422.4 million in stock.The shares rose 48 cents, or 11 percent, to $4.94 at 11:49 a.m. in ...
DATE: Mar 15, 2007
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OSLO (Bloomberg) — Vin & Sprit AB has not been approached directly by potential buyers of the state-owned Swedish company or its Absolut vodka brand, chief executive officer Bengt Baron said.The distiller is among businesses in which Sweden’s governm...
DATE: Mar 15, 2007
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FRANKFURT, Germany (AP) — Reinsurer Hannover Re reported much stronger fourth-quarter and full-year results yesterday as fewer disaster claims and better investment income improved its bottom line.The company, among the world’s top five reinsurers, r...
DATE: Mar 15, 2007
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MADRID (Bloomberg) -- Pernod Ricard SA, the world's second-largest liquor company, yesterday won a legal victory over use of the Havana Club rum trademark in Spain.A court in Madrid barred Bacardi Ltd., the world's biggest rum maker, from using the b...
DATE: Mar 14, 2007
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