76472 results returned for search: "" category "Business"
WASHINGTON (Bloomberg) ? Home Depot Inc. chief executive officer Robert Nardelli?s ?egregious? $210 million severance package may be the catalyst for legislation that tries to rein in executive pay at US companies.
Nardelli, 58, was ousted after Atla...
DATE: Jan 05, 2007
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LONDON (Bloomberg) ? Bermuda-based Catlin Group Ltd said its underwriting business ?performed strongly? last year and its acquisition of a rival will improve prospects.
Rates for catastrophe policies are ?robust,? while premiums for other lines are ?...
DATE: Jan 05, 2007
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While the cost of property insurance in peak hurricane zones in the US continue to rise, premiums in many other lines are under downward pressure, according to global insurance broker Aon Corp.
At a press briefing in London yesterday morning, Aon sai...
DATE: Jan 05, 2007
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ATLANTA (AP) — Delta Air Lines Inc., the third-largest US carrier, yesterday asked a bankruptcy court judge to approve the company’s agreement to purchase more regional jets that will allow it to expand into new markets.The Atlanta-based company said...
DATE: Jan 05, 2007
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Logic Communications chief executive officer Alan Richardson was yesterday named as the new chairman of financial regulator of the Bermuda Monetary Authority (BMA).
Mr. Richardson was appointed by Finance Minister Paula Cox as the BMA’s first non-exe...
DATE: Jan 05, 2007
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AUTHOR:
Jonathan Kent
LONDON (Bloomberg) — Bermuda-based Catlin Group Ltd said its underwriting business “performed strongly” last year and its acquisition of a rival will improve prospects.Rates for catastrophe policies are “robust,” while premiums for other lines are “u...
DATE: Jan 05, 2007
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Aelous Re has become Bermuda’s latest post-Hurricane Katrina start-up with a capital base exceeding $1 billion, the company announced yesterday.
Demand for extra capacity in the property catastrophe market and high reinsurance rates in hurricane-pron...
DATE: Jan 05, 2007
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AUTHOR:
Jonathan Kent
NEW YORK (AP) — Wall Street struggled but ultimately closed higher yesterday as a bounce in technology stocks and sharply lower oil prices helped investors brush off concerns about sluggish consumer spending.Retailers’ lacklustre holiday sales report...
DATE: Jan 04, 2007
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The co-founder of Bermuda giants Ace Ltd. and XL Capital has set up another Island-domiciled insurance company backed by more than $1 billion in capital.
The latest project of insurance legend Robert Clements is Ironshore Insurance Ltd., a subsidiary...
DATE: Jan 04, 2007
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AUTHOR:
Jonathan Kent
ACE Tempest Life Re's Rodney Cordle is leaving Bermuda after eight years on the Island to take up a new post with the company, based in Stamford, Connecticut.
Mr. Cordle has been appointed ACE Tempest Life Re's vice-president and chief pricing office...
DATE: Jan 04, 2007
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