76483 results returned for search: "" category "Business"
American International Group Inc. on Tuesday said Norfolk Reinsurance Company Ltd., a subsidiary of a Bermuda unit that drew scrutiny from US regulators, has been sold.
AIG spokesman Chris Winans confirmed that Norfolk, a unit under Richmond Insuranc...
DATE: Aug 18, 2005
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Marsh & McLennan Cos., the world's largest insurance broker, hired American International Group Inc.'s Robert A. Parisi, Jr. and ACE Ltd.'s Larry Goanos as senior vice presidents in its financial and professional liability unit.
Marsh named Parisi, 4...
DATE: Aug 18, 2005
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Michael Murphy, the former Bermuda-based legal counsel for American International Group Inc., may not face criminal charges after being implicated, but not named in a May civil suit filed by New York Attorney General Eliot Spitzer against AIG and its...
DATE: Aug 17, 2005
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HSBC Insurance Solutions (Bermuda) Limited has entered into an agreement with BF&M Management Limited to purchase its captive management operations, it said in a statement.
A price for the acquisition, which was announced yesterday, was not disclosed...
DATE: Aug 17, 2005
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A tenth class action law firm filed suit against Bermuda-based RenaissanceRe Holdings Ltd. yesterday alleging the company and five of its officers broke securities laws by issuing inaccurate financial statements.
The Pittsburgh law office of Alfred G...
DATE: Aug 17, 2005
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Bermuda Bakery Limited yesterday reported a 48 percent decline in half-year net income to $485,154 compared with $929,362 earned in the same period of 2004.
Earnings for the six month period ended June 30 was $1.68 per share compared to $3.24 per sha...
DATE: Aug 17, 2005
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A London-based storm forecaster predicts Atlantic storm activity is likely to be 150 percent more active this year than the average ? a worrying development for Bermuda insurers and reinsurers who saw their bottom line hit last year from hefty storm ...
DATE: Aug 16, 2005
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The Bermuda Government has asked the Supreme Court of the State of New York for an order permitting limited discovery relating to bank accounts allegedly linked to the theft of $1.9 million from a Government bank account.
The pre-action application f...
DATE: Aug 16, 2005
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Five new funds from international banking giant HSBC Plc are now available to local investors through the Bank of Bermuda.
The funds have become available following the Bank of Bermuda becoming a part of the HSBC network in February 2004, after a $1....
DATE: Aug 16, 2005
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LONDON (Bloomberg) ? Lloyd's of London, the world's biggest insurance market, has been contacted by US regulators and prosecutors seeking information about so-called finite reinsurance products.
"The inquiry is just an information request," Lloyd's s...
DATE: Aug 16, 2005
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