76472 results returned for search: "" category "Business"
Feb. 8 (Bloomberg) -- American International Group Inc., the world's largest insurer, settled a lawsuit against two former executives it accused of using the firm's confidential information to launch rival funds.
AIG last week sued Peter Yu, the ex-p...
DATE: Feb 09, 2006
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NEW YORK (Reuters) - American International Group Inc. the world's largest insurer, has agreed to pay $1.6 billion to settle federal and state charges of accounting abuses, sources familiar with the matter said today.
As part of the settlement, the c...
DATE: Feb 09, 2006
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NEW YORK (Bloomberg) ? American International Group Inc. won a restraining order after accusing an insurance agency controlled by ousted Chairman Maurice (Hank) Greenberg of entering into an unauthorised contract with Berkshire Hathaway Inc.
The orde...
DATE: Feb 09, 2006
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Overseas Partners, Ltd., a Bermuda reinsurer that closed its doors to new business four years ago, is in the final stages of being wound up.
Creditors were given notice this week to get claims into the company?s liquidators by the end of March, a ste...
DATE: Feb 09, 2006
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NEW YORK (Bloomberg) ? Tyco International Ltd., a conglomerate that operates hundreds of subsidiaries, said it received a US Securities and Exchange Commission subpoena for information about any participation in the United Nations? Iraq oil-for-food ...
DATE: Feb 09, 2006
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The Royal Gazette/Bermuda Stock Exchange Index yesterday rose 10.86 points to close at 4,200.63. Shareholders of Butterfield Bank pushed up the stock's price by five cents on the trading of 4,676 shares. The stock closed at $52.55. BELCO Holdings Ltd...
DATE: Feb 09, 2006
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A ?Who?s Who? from Government, international and local business, the hospitality and retail sectors are expected to turn out this evening for an invite-only official reopening of the Deep Nightclub.
This is the first time MEF ? the owner of Deep as w...
DATE: Feb 09, 2006
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Axis Capital Holdings Limited, a Bermuda-based insurer, said earnings last year fell nearly 82 percent, the result of $1 billion in catastrophe losses diluting earnings.
Earnings for 2005 were $90.1 million, or 57 cents a share, compared with net inc...
DATE: Feb 08, 2006
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RenaissanceRe Holdings reported a fourth quarter loss last night and the reinsurer continued to count the cost of last year's hurricanes.
RenaissanceRe reported an operating loss of $206.9 million, or $2.92 a share, during the fourth quarter, compare...
DATE: Feb 08, 2006
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John Charman, president and chief executive of Axis Capital, said he?ll retire within three years, citing messy divorce proceedings currently underway in the UK and Bermuda.
Mr. Charman, a veteran of the Lloyd?s of London market, has lived in Bermuda...
DATE: Feb 08, 2006
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