3107 results returned for search: "" category ("International Business" AND "Business")
The parent company of the New York Times which this week ran a page one story critical of “Bermuda-style financial wizardry” practised by corporations owning captive insurance companies in the US has a captive of its own, it emerged yesterday.
The re...
DATE: May 12, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) Bermuda-based Kosmos Energy Ltd, the oil and natural-gas company owned by Warburg Pincus LLC and Blackstone Group LP, gained 1.3 percent in its first day of trading after raising $594 million in its initial public offering.
The e...
DATE: May 12, 2011
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CATEGORY:
International Business
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Bermuda-domiciled insurer Paraline’s chief executive officer Jack Graham is to step down on July 1.
He will be replaced by the company’s chairman Bruce Schnitzer, the former CEO of Marsh and McLennan.
Mr Graham will also relinquish his post from Para...
DATE: May 11, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) Bermuda-domiciled Kosmos Energy Ltd, the oil and gas exploration and production company owned by Warburg Pincus LLC and Blackstone Group LP, was seeking to raise as much as $540 million yesterday in an initial public offering aft...
DATE: May 11, 2011
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CATEGORY:
International Business
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LONDON (Bloomberg) Geoffrey Pearson, the former chief executive officer of a Bermuda-based investment company at the centre of a fraud scandal, made false statements to induce investors to buy worthless shares, a London jury was told.
Pearson, 63, ha...
DATE: May 10, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - The trustee seeking money on behalf of Bernard Madoff’s victims announced yesterday a $1 billion settlement with liquidators for three large “feeder funds,” boosting payouts to the swindler’s former customers.
Irving Picard said ...
DATE: May 10, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - Federal prosecutors have narrowed their criminal case against Allen Stanford, the Texas financier accused of running a $7 billion Ponzi scheme.
The government on Wednesday filed an amended, 14-count indictment with the US Distric...
DATE: May 06, 2011
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CATEGORY:
International Business
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KRyS Global, a firm dedicated to corporate recovery, insolvency, forensic accounting and business advisory services, has named Patrick McPhee as the new managing director of its Bermuda office.
The company opened its Bermuda office last year to supp...
DATE: May 06, 2011
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CATEGORY:
International Business
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Alterra Capital Holdings Ltd suffered a $46.7 million net loss during the first quarter of 2011, impacted by the Japanese and New Zealand earthquakes and Australian floods.
That compared to a profit of $36.4 million for the same quarter of 2010.
Alte...
DATE: May 04, 2011
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CATEGORY:
International Business
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Business insurer XL Group plc last night announced a first-quarter net loss of $227.3 million after it was hit by catastrophe losses of more than $380 million in the first three months of the year.
The net operating loss of $163 million, or 52 cents ...
DATE: May 04, 2011
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CATEGORY:
International Business
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