76472 results returned for search: "" category "Business"
The Royal Gazette/Bermuda Stock Exchange Index gained 47.90 points yesterday to close at 4,442.05 as the two issues changing prices reached record highs.
BF&M led the advances gaining $1 or 5.7 percent to close at a record high of $18.50 as investors...
DATE: Apr 27, 2006
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These are details of how Ace was a full participant in a scheme to fix insurance prices in the excess casualty area, according to its settlement agreement with the Attorneys General of three US states:
Ace signed a “lucrative placement service agreem...
DATE: Apr 27, 2006
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Premier Alex Scott arrived in Hawaii on Friday to attend the Bank of Bermuda?s annual pre-RIMS week-end. The event held this year on the island of Lanai was an opportunity to meet with bank officials and others that are in the insurance sector or pro...
DATE: Apr 27, 2006
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As part of today's settlement with the Attorneys General and the Superintendent, ACE acknowledges that certain of its employees violated both acceptable business practices and ACE's own standards of conduct by engaging in behaviour that included impr...
DATE: Apr 27, 2006
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Premier Alex Scott told more than 500 guests at a special reception in Hawaii on Tuesday night that he?s committed to cultivating the ?solid? relationship that exists between the public and private sectors.
Mr. Scott has been in Hawaii since last wee...
DATE: Apr 27, 2006
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Butterfield Bank?s first quarter net income jumped 36 percent to a record $33.1 million as the bank saw strong growth in almost all its subsidiaries.
And the bank also received a boost from ratings agency Standard & Poor?s, which raised its outlook o...
DATE: Apr 27, 2006
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Ace Ltd. has issued an apology acknowledging improper conduct and has agreed to adopt a series of sweeping reforms of its business practices as part of its $80 million settlement of bid-rigging and accounting probes, documents on the settlement show....
DATE: Apr 27, 2006
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These are details of how Ace improperly used non-traditional and finite reinsurance to enhance its earnings and those of clients, according to the settlement agreement between Ace and the three Attorneys General of US states:
In at least six separate...
DATE: Apr 27, 2006
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NEW YORK (Reuters) ? Ace Ltd. expects growth to continue throughout the year, chief executive Evan Greenberg said yesterday, a day after the insurance company reported record first-quarter earnings.
Ace also said it will pay $80 million and pledged t...
DATE: Apr 27, 2006
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Insurance rates are likely to fall over 2006, including for property policies which have been rising in price since last year?s hurricanes, a research firm says.
Property insurance rates climbed 6.9 percent during the first three months of the year, ...
DATE: Apr 26, 2006
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