76472 results returned for search: "" category "Business"
A BF&M Ltd. takeover bid for an insurance company formerly majority owned by the Barbados government resulted in the Bermuda insurer boosting its existing 51 percent stake by less than one percent, the company said yesterday.
BF&M, Bermuda?s second l...
DATE: Feb 07, 2006
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The new owners of building supplier SAL Ltd. are looking at delisting the company from the Bermuda Stock Exchange, citing their intention to call a special meeting on the matter in the next six weeks.
SAL, a company that has profited from Bermuda's b...
DATE: Feb 07, 2006
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Customers of bankrupt broker-dealer Refco Capital Markets Ltd. ? the main Bermuda unit of the troubled futures broker ? could recoup some of the money they had tied up in the company when it collapsed last October, Bloomberg News said yesterday, citi...
DATE: Feb 07, 2006
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PartnerRe, a Bermuda-based property-casualty reinsurer, said $900 million in catastrophe losses last year wiped out its earnings for the year. The company, which sells reinsurance policies worldwide, said hurricanes Katrina, Rita and Wilma and Europe...
DATE: Feb 07, 2006
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Omega Underwriting, an insurer in the Lloyd?s of London market, was licensed to join the Bermuda insurance market on January 27, according to a bulletin yesterday from the Bermuda Monetary Authority.
Omega previously said its plan was to raise ?90 mi...
DATE: Feb 07, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell ten points yesterday to close at 4,185.02.
On a quiet day of trading the only issue to change price saw KeyTech Limited decline 50 cents to close at $12.50 on volume of 1,209 shares.
The only other ...
DATE: Feb 07, 2006
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NEW YORK (Bloomberg) ? American International Group Inc. will be the first insurer to settle an inquiry into bid-rigging when it pays about $1.6 billion to resolve state and federal probes of accounting and sales practices, said a person familiar wit...
DATE: Feb 07, 2006
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LONDON (Bloomberg) ? Lloyd?s of London, the world?s biggest insurance market, said it will sue brokers Aon Corp. and Benfield Group Plc for ?325 million ($577 million) for payment of a claim related to the September 11, 2001, terrorist attacks.
?We a...
DATE: Feb 06, 2006
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Accenture Ltd., the world's second- largest consultant, appointed former Sony Corp. chairman Nobuyuki Idei and former Citigroup Inc. executive Marjorie Magner as directors. Bloomberg News reported last week.
The terms of Steve Ballmer, Microsoft Corp...
DATE: Feb 06, 2006
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BTC began upgrading its DSL service to broadband beginning at the weekend and continuing for the next ten days to improve its speed and efficiency. Customers are being warned to expect intermittent DSL interruptions. Telephone (voice) will not be aff...
DATE: Feb 06, 2006
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