76488 results returned for search: "" category "Business"
Bermuda-based insurance giant XL Capital says it received a subpoena from the US Securities and Exchange Commission seeking information on insurance policies regulators are probing for their potential to be misused for income-smoothing purposes.
It i...
DATE: May 03, 2005
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AXIS Capital Holdings Limited first quarter net income declined almost nine percent to $151.8 million from $166.8 million while operating income for the first quarter of 2005 was $152.7 million, down three percent from $157.6 million for the same qua...
DATE: May 03, 2005
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NEW YORK (Bloomberg) ? Tyco International Ltd.'s former chief executive L. Dennis Kozlowski testified at his fraud and larceny trial that he didn't keep track of $12 million in company money he spent to furnish his New York apartment.
Kozlowski, in h...
DATE: May 03, 2005
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NEW YORK (AP) ? American International Group Inc., one of the world?s largest insurance companies, announced that it will again delay filing its 2004 annual report and make accounting adjustments that will cut its value by some $2.7 billion ? $1 bill...
DATE: May 03, 2005
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@MARKET ROUNDUP:bsx 3,338.39 +15.54
The Royal Gazette/Bermuda Stock Exchange Index gained 15.54 points yesterday to close at 3,338.39. Investors of Butterfield Bank pushed the price of the stock 35 cents to $42.50 on the trading of 584 shares. BF&M w...
DATE: Apr 30, 2005
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Compulsory accident and sickness insurance was initiated (1883-84) in Germany by Otto von Bismarck; it was adopted by Great Britain, France, Chile, the Soviet Union, and other nations after World War I.
In Britain the National Health Insurance Act of...
DATE: Apr 30, 2005
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(Bloomberg) ? Bermuda-based Tyco International Ltd.?s ex-chief executive officer L. Dennis Kozlowski, on trial for leading a $700 million fraud, said he was ?ultimately responsible? for company filings that omitted millions of dollars in compensation...
DATE: Apr 29, 2005
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Bermuda-based Bacardi Ltd. is searching for candidates to fill its two top jobs following reports that chairman and acting chief executive Ruben Rodriguez is planning to retire.
Mr. Rodriguez joined Bacardi in 1989 as chief financial officer and dire...
DATE: Apr 29, 2005
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A leading international ratings agency believes international companies' confidence in Bermuda depends more on Government following prudent economic policy than it does on whether Bermuda chooses to become Independent, Finance Minister Paula Cox said...
DATE: Apr 29, 2005
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Platinum Underwriters Holdings, Ltd. reported record net income of $73.1 million for the first quarter ended March 31, 2005, driven primarily by growth in the company?s underlying business and growing investment income as well as a lower than expecte...
DATE: Apr 29, 2005
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