76483 results returned for search: "" category "Business"
A legal challenge to a new policy prohibiting the sale of Bermudian-owned properties to foreigners has stalled because of lack of interest.
Mark Diel, a partner in legal firm Marshall Diel & Myers, said his firm began the preliminary work for a legal...
DATE: Aug 19, 2005
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An anti-money laundering website was launched last month to give details on initiatives taken by the National Anti-Money Laundering Committee to cut down on incidents of illegal funds being brought into, or banked, in Bermuda.
The website (www.namlc....
DATE: Aug 19, 2005
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Ace USA, the US-based retail operating unit of Bermuda-based ACE Limited, named Paul Ramsey executive vice president in charge of the ACE USA claims unit.
He will report to John Lupica, chief operating officer of ACE USA.
Mr. Ramsey joins from St. Pa...
DATE: Aug 19, 2005
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One of America?s largest retail supermarket chains has filed suit against XL Insurance America Inc. for indemnification for property damage sustained from four hurricanes that swept through the south-eastern United States last year.
Winn-Dixie Stores...
DATE: Aug 19, 2005
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CHICAGO (Bloomberg) ? The Illinois Supreme Court reversed a $1 billion verdict against State Farm Mutual Automobile Insurance Co. over use of generic parts for repairs, a decision that could have an impact on other cases before the court, including a...
DATE: Aug 19, 2005
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SOUTH ORANGE, New Jersey (Bloomberg) ? Seton Hall University, a Catholic institution named for a saint, removed the name of Dennis Kozlowski, convicted felon and former chief executive of Tyco International Ltd., from a building on campus.
The name w...
DATE: Aug 19, 2005
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Bermuda Container Line Ltd. has seen an uptick in business in recent months, but not enough to bring cargo volumes in line with last year.
President Geoffrey Frith, in a letter to shareholders at the time of a recent dividend payment, said for the fi...
DATE: Aug 19, 2005
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SINGAPORE (Bloomberg) ? SeaDrill Ltd., an oil-rig owner controlled by Norwegian billionaire John Fredriksen, said it had ordered a second semi-submersible drilling rig worth $390 million from Jurong Shipyard in Singapore to take advantage of increasi...
DATE: Aug 19, 2005
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Axis Capital, a Bermuda insurance company, said yesterday that a unit of Marsh & McLennan, one of its founding shareholders, has sold 1.85 million shares in a block trade.
Merrill Lynch is handling the sale for Marsh Risk Capital, a unit of leading b...
DATE: Aug 19, 2005
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UnumProvident Corp. said it will unwind a 1996 finite risk transaction between Unum Life Insurance Co. of America and Bermuda-based Centre Life Reinsurance Ltd.
A Unum spokesman told Business Insurance's website that the move, under which the Chattan...
DATE: Aug 19, 2005
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