76472 results returned for search: "" category "Business"
JAKARTA (Bloomberg) ? Indonesia?s Supreme Court upheld a ruling that Frontline Ltd. colluded with officials at the state oil company and Goldman Sachs Group Inc. to buy two supertankers for below-market prices in 2004.
Pertamina hired Goldman in 2004...
DATE: Dec 08, 2005
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NEW YORK (Reuters) ? The National Association of Insurance Commissioners (NAIC) voted yesterday to support a national catastrophe plan that would create a fund to handle disasters like Hurricane Katrina.
Katrina, which hit the Gulf Coast on August 9,...
DATE: Dec 08, 2005
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WASHINGTON (Reuters) ? The US House of Representatives yesterday voted overwhelmingly in favour of extending a federal programme that guarantees the government will cover some losses from terrorist attacks, a measure that insurers and property owners...
DATE: Dec 08, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 2.44 points yesterday to close at 3,901.01.
On a quiet day on the Exchange, Butterfield Bank gained five cents to close at $46.55 as investors traded in 12,279 shares. No other issues changed pric...
DATE: Dec 08, 2005
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Opposition leader Grant Gibbons is questioning how convicted felon Vidya Sharma was able to establish a mutual fund in Bermuda five years ago.
That fund ? IPOC International Growth Fund ? which is at the centre of a number of international money laun...
DATE: Dec 08, 2005
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Small countries like Bermuda can be easily forgotten in a globalised world, a top employers official warned yesterday.
International Organisation Of Employers Deputy Director Brent Wilson told the Bermuda Employers Council annual general meeting that...
DATE: Dec 08, 2005
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LONDON (Reuters) ? UK insurers yesterday welcomed a government decision to delay implementing a controversial new tax on outsourced insurance services, which they said would have been impossible to implement next month as planned.
Chancellor of the E...
DATE: Dec 08, 2005
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ACE Ltd. last night said Hurricane Wilma will probably cost the company about $250 million.
ACE also said it would forecast 2006 earnings by December 15.
ACE recorded a $112 million third-quarter net loss in the third quarter after losses from Hurric...
DATE: Dec 08, 2005
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Bermuda insurance company Allied World Assurance Company is ending an agreement under which it out-sourced certain functions to its largest shareholder, American International Group Inc.
The agreement, under which AIG staff were contracted to do AWAC...
DATE: Dec 08, 2005
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Montpelier Reinsurance Ltd.?s shares plummeted almost four percent yesterday after a ratings agency affirmed its A- rating but said the outlook was negative.
Montpelier, whose share price has been battered since its released higher than expected loss...
DATE: Dec 08, 2005
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