76492 results returned for search: "" category "Business"
Payments by American International Group to a Bermuda-based private holding company owned by AIG?s top executives have been questioned in a lawsuit filed by a Louisiana pension fund.
And New York state Attorney General Eliot Spitzer has asked for inf...
DATE: Mar 01, 2005
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The Bank of Bermuda contributed $90 million to HSBC Plc?s annual pre-tax profit for 2004, HSBC revealed yesterday.
HSBC, the world?s second largest bank after Citicorp, earned $17.6 billion before tax and payments to minority interests for the year e...
DATE: Mar 01, 2005
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After seeing property reinsurance premiums plunge in the January renewal period, Bermuda-based Montpelier Re has announced it will pay its shareholders a special dividend of $390 million.
The decision to issue the dividend of $5.50 per common share a...
DATE: Mar 01, 2005
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RenaissanceRe Holdings Ltd., which last week said it would restate three years worth of financial statements to correct accounting errors, said yesterday it had received a subpoena from the US Securities and Exchange Commission in connection with an ...
DATE: Mar 01, 2005
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Feb. 28 (Bloomberg) -- HSBC Holdings Plc, Europe's biggest bank by market value, reported the slowest earnings growth in 2 1/2 years as earnings from consumer lending in the U.S. declined.
Second-half profit rose 18 percent to $5.49 billion from $4.6...
DATE: Mar 01, 2005
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Ace Ltd. said today that board members Walter Scott and Dominic Frederico won't seek re-election when their current terms end in May.
Scott had been chief executive officer from 1989 to 1994, and oversaw the company's 1993 initial public offering, Ac...
DATE: Mar 01, 2005
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NEW YORK (Bloomberg) ? Marsh & McLennan Cos., the world?s largest insurance broker, probably will report a fourth-quarter loss after settling a lawsuit by New York Attorney General Eliot Spitzer for $850 million to end bid-rigging accusations.
The Ne...
DATE: Mar 01, 2005
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The Royal Gazette/Bermuda Stock Exchange Index yesterday gained less than half a point to finish at 3,272.27.
Bank of Butterfield edged up 10 cents to close at $42 on volume of 1,700 shares, while Bermuda Press (Holdings) Ltd. jumped $2 to close at a...
DATE: Mar 01, 2005
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NEW YORK (Reuters) ? The market for US municipal bond insurers grew last year despite a fall in debt issuance.
But the drop in supply, coupled with narrow credit spreads, might have discouraged new players from entering the fray.
?I think some of the...
DATE: Feb 28, 2005
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The Bank of Bermuda cut 38 jobs on Thursday, telling those affected their redundancies will not take effect until the end of the year.
The announcement brings to 80 the total number of jobs phased out at the bank since its $1.3 billion buy-out a year...
DATE: Feb 28, 2005
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