76472 results returned for search: "" category "Business"
The Royal Gazette/Bermuda Stock Exchange Index continued its record-breaking streak yesterday when it reached another all-time high.
Driven by Index mainstay Butterfield Bank, the Index rose 48.05 points or 1.02 percent to close at 4,742.58 in modera...
DATE: Aug 01, 2006
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NEW YORK (Bloomberg) ? American International Group Inc. sued C.V. Starr & Co., saying the insurance agency run by former AIG Chief Executive Officer Maurice (Hank) Greenberg is infringing a trademark.
C.V. Starr?s American International Marine Agenc...
DATE: Aug 01, 2006
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LONDON (Reuters) ? Europe?s biggest bank, HSBC Holdings, beat analysts? median forecast with an 18 percent rise in first-half profit yesterday, spearheaded by strong growth at its investment bank and in emerging markets.
The London-headquartered bank...
DATE: Aug 01, 2006
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LONDON (Bloomberg) ? Excess capacity in the global fleet of liquefied natural gas carriers will be at its highest this decade in 2008, as a growing worldwide fleet results in lower utilisation rates, according to Wood Mackenzie Consultants Ltd.
Deman...
DATE: Aug 01, 2006
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MUNICH (Bloomberg) ? Hannover Re, the world?s fourth-biggest reinsurer, sold $150 million of so-called catastrophe bonds to help limit losses on claims that may arise from severe windstorms in Western Europe.
Hannover Re sold the bond to institutiona...
DATE: Aug 01, 2006
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Shares of Scottish Re Group Ltd. plummeted as much as 82 percent yesterday after the global life reinsurance specialist projected a second quarter loss of $130 million and said Scott Willkomm had resigned as chief executive officer.
The Bermuda-based...
DATE: Aug 01, 2006
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NEW YORK (Bloomberg) ? Max Re Capital Ltd., a Bermuda-based reinsurer, said yesterday that the US Securities and Exchange Commission requested information on the company?s recent decision to restate five years of earnings.
?We received a request to v...
DATE: Aug 01, 2006
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NEW YORK (Bloomberg) ? Sphinx Managed Fund, which has been embroiled in litigation because of its ties to bankrupt Refco Inc., filed its own bankruptcy petition in New York today to protect its US assets while it liquidates overseas.
Sphinx is liquid...
DATE: Aug 01, 2006
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Scottish Re Group Ltd. shares slumped by as much as 82 percent today on the New York Stock Exchange after the Bermuda-based reinsurer announced its CEO had resigned and that it would take a $130 million operating loss this quarter.
Scottish Re shares...
DATE: Jul 31, 2006
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The board of directors of Bermuda Aviation Services Ltd. on Friday declared a quarterly dividend of seven cents per share to shareholders of record Tuesday, August 8, 2006, payable Friday, August 18, 2006.
DATE: Jul 31, 2006
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