Log In

DAVOS (Reuters) — Marsh & McLennan Cos Inc, is considering all options for its Putnam Investments asset management unit, including scrapping a potential sale plan, chief executive Michael Cherkasky said in Davos yesterday, sending its shares down 1.7...

One of London’s leading insurance and reinsurance programme designers and market operators is heading to Bermuda in a move that underlines the Island’s global importance as reputation as “the place” for such businesses to be headquartered. Dennis Mah...

Allan Trew has switched from being hotel manger of the Fairmont Southampton to the Fairmont Hamilton Princess. Mr. Trew has worked for the two hotels for 28 years and will be responsible for the day-to-day running of the Hamilton hotel. He was manage...

NEW YORK (Bloomberg) ? Lazard Ltd. awarded chairman and chief executive officer Bruce Wasserstein $18 million in restricted shares, 80 percent more than a year earlier, after the stock rose 48 percent in 2006, according to a federal filing. Wasserste...

TORONTO (AP) — Prospects for the Canadian economy are solid for 2007 after sluggishness in the last half of 2006, the governor of the Bank of Canada said yesterday.David Dodge said growth should hit an annual rate of 2.75 percent by the end of the ye...

TALLAHASSEE (Bloomberg) ? Florida Governor Charlie Crist signed a law designed to cut property insurance rates for homeowners, which will also cut earnings for several Bermuda reinsurers, according to analysts. The move in the fourth-largest US state...

Former Deputy Premier Jerome Dill is to retire from private law practice after 21 years with Appleby Hunter Bailhache as he seeks to move into the world of business. The partners of Appleby Group have announced Mr. Dill will be leaving as of March 31...

DAVOS, Switzerland (AP) — US Energy Secretary Samuel Bodman defended President George W. Bush's drive to reduce oil consumption without introducing a gasoline tax, saying such a proposal would be too divisive.Bush is asking Congress to aggressively e...

DAVOS, Switzerland (AP) — There’s no shortage of seven- and eight-figure salaries among the executives gathered at the World Economic Forum.But the sentiment that CEOs are worth every pretty penny, no matter how many that may be, is finding detractor...

NEW YORK (Bloomberg) — Lazard Ltd. awarded chairman and chief executive officer Bruce Wasserstein $18 million in restricted shares, 80 percent more than a year earlier, after the stock rose 48 percent in 2006, according to a federal filing.Wasserstei...