76499 results returned for search: "" category "Business"
LONDON (Bloomberg) ? Shares of Goshawk Insurance Holdings Plc plunged yesterday after Nikko Principal Investments Ltd., a unit of Japan's third largest securities company, called off talks to buy the UK reinsurer.
Goshawk shares closed down two pence...
DATE: Nov 23, 2004
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BOSTON (AP) ? Customers in search of cheap airfare, antiques or a stock trade can scan the Web for good deals. But when it comes time for companies to buy group insurance policies, they've largely been beholden to brokers using fax, e-mail and the te...
DATE: Nov 23, 2004
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Wachovia Corporation has formed a Bermuda-based financial guaranty reinsurance company.
As previously reported in this newspaper, BluePoint Re Limited has been rated Aa3/AA by Moody's Investor Service and Standard & Poor's, respectively.
Wachovia cap...
DATE: Nov 23, 2004
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Montpelier investors sell their shares
Montpelier Re Holdings Ltd. yesterday announced that some of its original investors had sold shares worth more than $125 million.
Montpelier, which was formed after the September 11, 2001 terrorists attacks, sai...
DATE: Nov 23, 2004
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Mutual Risk Management Ltd.?s lawsuit against US insurer John Hancock Life insurance Company will go before a jury in April after a judge rejected a bid to have the case dismissed.
And MRM, which went into run-off in 2003, has also been awarded more ...
DATE: Nov 23, 2004
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The Royal Gazette/Bermuda Stock Exchange Index slipped 8.53 points in light trading yesterday.
The Index closed at 3,181.52 on volume of 9,991 shares worth $132,279.50.
Butterfield Bank fell 20 cents to close at $40.75 on volume of 816 shares while B...
DATE: Nov 23, 2004
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Bacardi?s announcement yesterday that its president and chief executive Javier Ferran is resigning for personal reasons prompted further speculation that the company is gearing up for an initial public offering.
In a press statement yesterday, the Be...
DATE: Nov 23, 2004
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A former Finance Minister in Antigua and Barbuda, Asot Michael, is suing the Bank of Bermuda as well as Bermuda?s Commissioner of Police.
A writ filed by Mr. Michael and the Panamanian-registered offshore company Bellwood Services S.A. against Bank o...
DATE: Nov 23, 2004
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Bermuda Aviation Services Ltd. has purchased International Bonded Couriers of Bermuda Ltd. (IBC) along with its affiliates ZipX Freight Limited and Island Remail Services Ltd.
The deal, which takes effect this Friday, will see BAS acquire a majority ...
DATE: Nov 22, 2004
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What we can Expect from the Next Bush Administration,? scheduled for today at The Fairmont Hamilton Princess has been postponed.a free investment seminar presented by Matthew Haynes, vice-president and co-manager of Templeton Mutual Beacon Fund. Wedn...
DATE: Nov 22, 2004
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