76472 results returned for search: "" category "Business"
NEW YORK (Bloomberg) ? Institutional investors already claiming securities fraud by Tyco International Ltd. filed a new lawsuit to keep the company from breaking up as planned.
The new suit, seeking class-action status, was filed yesterday in New Ham...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
Limited increases in reinsurance premiums in the January renewal season have forced ratings firm A.M. Best to extend its negative outlook on the Bermuda and US reinsurance markets for 2006.
The ratings agency said yesterday that after completing its ...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
Butterfield Bank, the Island?s oldest financial services firm, yesterday said profit surged 20 percent last year, as the bank benefited from its highest ever increase in interest income.
Across the group, results varied: Net income in the Bermuda ope...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) ? Two former Refco Inc. employees said there were times the company failed to execute trades on behalf of customers because it had used the securities in client accounts to support other transactions.
The employees, Adam Weis and...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
AXIS Capital Holdings Limited yesterday announced that Trident II, L.P. and related entities will sell 3,150,000 of AXIS Capital's common shares in a block trade (plus any additional shares that may be sold upon exercise of the underwriter's option t...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
MUNICH (Bloomberg) ? Munich Re, the world?s largest reinsurer, said rates for property and casualty contracts renewed in January rose three percent after the 2005 record hurricane season.
Munich Re renewed 66 percent of its traditional non- life rein...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
NEW YORK (AP) ? Ingersoll-Rand Co. affirmed its first-quarter and 2006 profit guidance and said it plans to step up the company's capital investments this year to a range of $175 million to $200 million.
In a press release yesterday, the Bermuda comp...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
PARIS (Bloomberg) ? Scor SA, the largest French reinsurer, said 2005 sales declined six percent on lower life-reinsurance premiums.
Revenue for the year was 2.41 billion euros ($2.9 billion), compared with 2.56 billion euros in 2004, Scor said in an ...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
Oil Group of Companies and BF&M Limited have been praised by Investors in People after a reassessment showed they were continuing to meet the IIP standard.
Oil Group of Companies and BF&M successfully completed the reassessment phase in November, 200...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
The Royal Gazette/Bermuda Stock Exchange Index reached another all-time yesterday gaining 97.73 points to close at 4,424.21.
Index bellwether Butterfield Bank rose $2 on strong earnings results as investors traded 4,308 shares to close at $57.
Devons...
DATE: Feb 16, 2006
|
CATEGORY:
Other
|
