76472 results returned for search: "" category "Business"
CHICAGO (Bloomberg) ? Allstate Corp., the second-largest home and auto insurer in the US, cut chief executive officer Edward Liddy?s pay ten percent to $11.1 million in 2005.
Liddy?s bonus plunged 85 percent to $538,351, and his long- term incentive ...
DATE: Mar 28, 2006
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Lloyd's of London underwriter Omega, which set up a Bermuda subsidiary late last year, expects to write gross premiums at the top end of expectations, it said on Sunday.
Richard Tolliday, chief executive of Omega, also said in a statement that the co...
DATE: Mar 28, 2006
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Bermuda-registered CRM Holdings Ltd.'s fourth-quarter net income rose slightly to $1.96 million from $1.94 million a year earlier, but its per-share profit fell to 18 cents from 19 cents as the company had more shares in the latest quarter as a resul...
DATE: Mar 28, 2006
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BOSTON (Bloomberg) ? Billionaire Thomas Lee, who founded buyout firm Thomas H. Lee Partners LP 32 years ago, stepped down to start another private-equity venture and expand his hedge fund.
?We?ve separated amicably, and I intend to re-enter private e...
DATE: Mar 27, 2006
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Bermuda is being eyed as the first offshore location for a mobile satellite company which is poised to launch high-capacity satellites and provide voice communications at affordable prices.
Mobile Satellite Ventures is working to provide next generat...
DATE: Mar 27, 2006
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I have owned shares of American International Group Inc. for more than a decade and can?t believe all the troubles it has had in recent years. Are things looking up? ? J.T., via the Internet
The world?s largest insurer by market value has to hope the...
DATE: Mar 27, 2006
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Weisser got a salary of $1.2 million, a $1.7 million bonus, a restricted stock award of $1.18 million, long-term incentive payments of $2.98 million and $48,200 in other pay including insurance premiums and retirement payments, Bunge said in a govern...
DATE: Mar 27, 2006
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(Bloomberg) -- A consumer finance unit of American International Group Inc. will increase past earnings by $41.4 million to correct accounting on four derivatives transactions designed to hedge against changes in currency exchange rates.
The restatem...
DATE: Mar 27, 2006
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Olympus Reinsurance Co. Ltd., a Bermuda reinsurer doing business with White Mountains Group, was on Friday assigned a vulnerable financial strength rating by A.M. Best Co., after 2005 storm losses wiped away most, if not all, its capital.
Olympus? fi...
DATE: Mar 27, 2006
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Fitch Ratings, a firm that assigns ratings to the insurance sector, last week downgraded the ratings it has on Avalon Re?s casualty bonds, because of a loss report from the bond?s issuer.
The casualty bonds were the first to ever be issued when sold ...
DATE: Mar 27, 2006
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