76472 results returned for search: "" category "Business"
NEW YORK (Bloomberg) ? Bermuda-based Sea Containers Ltd., owner of businesses including UK train operator GNER and a ferry that links New Jersey and Manhattan, owes its 20 largest unsecured creditors more than $467 million, bankruptcy court records s...
DATE: Oct 18, 2006
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Local insurance company the Argus Group has had its financial strength rating of A affirmed by ratings agency A.M. Best Co., which also said the outlook for the rating is stable.
Best said the affirmation recognised Argus' consistently strong operati...
DATE: Oct 18, 2006
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Local information technology group The Omni Group this week launched a new platform that will give small and medium-sized companies access to advanced computer solutions.
The platform, called TVIS, allows TOG to create customised computing solutions ...
DATE: Oct 18, 2006
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Butterfield Bank yesterday announced that it is exploring the possible purchase of Bermuda Commercial Bank ? one day after former chairman John Deuss was granted a $10 million bail agreeing to travel with Police to Holland for questioning about suspe...
DATE: Oct 18, 2006
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Robert Andrews has been named as head of XL Capital's global ceded insurance operations.
Mr. Andrews will oversee XL Insurance's global ceded reinsurance operations and the placement of its reinsurance treaties. He will be based in XL's Hartford, Con...
DATE: Oct 18, 2006
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ZURICH (Bloomberg) ? Swiss reinsurer Converium Holding AG yesterday agreed to sell its North American operations to Warren Buffett?s Berkshire Hathaway Inc. for $95 million to help restore its credit rating.
Berkshire Hathaway will also assume $200 m...
DATE: Oct 18, 2006
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LONDON (Bloomberg) ? Benfield Group Plc, a UK reinsurance broker, said as many as 20 workers in one unit have resigned to join rival Aon Corp., cutting this year?s profit by ?10 million ($18.55 million).
The resignations mean the company ?is no longe...
DATE: Oct 18, 2006
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NEW YORK (Reuters) ? Marsh & McLennan Cos. Inc.?s shares rose as much as four percent yesterday after the Sunday Times of London said that Willis Group Holdings made a bid for Marsh two months ago.
Marsh?s shares closed up $1.06 to $28.40 in early af...
DATE: Oct 17, 2006
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Wellington Underwriting Plc may be the next Lloyd?s of London underwriter to establish a new underwriting platform in Bermuda, according to a report from ratings agency A.M. Best.
Best said at least one London market equity analyst believes Wellingto...
DATE: Oct 17, 2006
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NEW YORK (Bloomberg) ? Sea Containers Ltd., one of Bermuda?s longest standing international companies, sought bankruptcy protection from creditors in the US yesterday after failing to repay $115 million of debt.
The company listed $1.67 billion in as...
DATE: Oct 17, 2006
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