3261 results returned for search: "" category ("International Business" AND "Business")
Bankrupt US bank Lehman Brothers has reached a settlement with its Bermuda-based Lehman Re life insurance unit, reducing the subsidiary’s $2.3 billion in claims to $1 billion, according to a filing in federal bankruptcy court in Manhattan.
The settl...
DATE: Mar 01, 2012
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CATEGORY:
International Business
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The Cayman Islands isn’t giving up in its fight to woo reinsurance business from Bermuda.
An editorial in the Caymanian Compass today fired back at Premier Paula Cox for her response to Cayman Premier McKeeva Bush’s broadside at Bermuda last week.
“T...
DATE: Feb 28, 2012
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CATEGORY:
International Business
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Top insurance brokers have come to Bermuda’s defence calling Cayman’s quest to attract reinsurers “desperate” while cautioning Bermuda not to be complacent on matters at home.
“I think Cayman will continue to throw stones because they are coming at u...
DATE: Feb 22, 2012
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CATEGORY:
International Business
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Bermuda’s Appleby, with 805 staff in 11 offices around the world, is the largest offshore law firm, according to the results of The Lawyer’s annual survey.
But neither Appleby, nor any of the other law firms in the Offshore Top 30 survey of the “secr...
DATE: Feb 21, 2012
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CATEGORY:
International Business
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Offshore law firm Appleby is to open an office in mainland China in six weeks’ time.
The offshore giant is launching its Shanghai office with fiduciary and administration services, opening on April 2.
Appleby said the Shanghai office will work closel...
DATE: Feb 21, 2012
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CATEGORY:
International Business
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Cayman Islands will win Bermuda’s insurance market and can do it “without the malice, without the inhibitions of race, without the inhibitions of transport”.
That is the sentiment communicated by Cayman’s Premier McKeeva Bush to attendees at the 11th...
DATE: Feb 20, 2012
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CATEGORY:
International Business
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Bermuda has all the ingredients necessary to be an offshore leader in capital markets and should aim high for the future.
That is the view of the Bermuda Stock Exchange’s newest board member, Thomas Kloet, the chief executive officer of the TMX Group...
DATE: Feb 15, 2012
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CATEGORY:
International Business
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NEW YORK (Bloomberg) - Bermuda-based Nabors Industries Ltd’s chairman and former chief executive officer, Eugene Isenberg, forfeited his rights to a $100 million payment and will resign as chairman.
Isenberg, who served as CEO for 24 years before th...
DATE: Feb 07, 2012
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CATEGORY:
International Business
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The chief financial officer of Bermuda-based Seadrill, Esa Ikaeheimonen, has decided to leave the company.
Mr Ikaeheimonen will depart during the second half of 2012 to pursue other career opportunities.
In this context Seadrill has restructured its...
DATE: Feb 03, 2012
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CATEGORY:
International Business
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The Risk and Insurance Management Society (RIMS) announced their new president this week.
Deborah M. Luthi, ARM will lead the Society for the 2012 term, starting this month.
Ms Luthi is the enterprise risk manager for the San Francisco Public Utilit...
DATE: Jan 31, 2012
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CATEGORY:
International Business
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