3377 results returned for search: "" category ("International Business" AND "Business")
Catlin Group Ltd yesterday increased its loss estimate from September's New Zealand earthquake by $10 million to $45 million.
The global property and casualty re/insurer said it made the announcement “in view of the increased interest in this event b...
DATE: Dec 23, 2010
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CATEGORY:
International Business
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Flagstone Reassurance Suisse SA has had its A- financial strength rating affirmed by ratings agency AM Best Co. The outlook for all ratings of the Luxembourg-based company, which redomiciled from Bermuda, is stable.
Best said the ratings reflected Fl...
DATE: Dec 22, 2010
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CATEGORY:
International Business
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During a rainstorm in Washington in early 2009, amid the furore over Wall Street's post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer's name on it.
“Somebody came by, grabbed the umbrella and br...
DATE: Dec 22, 2010
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CATEGORY:
International Business
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Hardy Underwriting Bermuda Ltd. director Paul Bailie has bought 30,000 shares of the re/insurer following rival Beazley’s decision to withdraw its offer for Hardy last week.
Mr Bailie, who is managing director of the Bermuda operations of Hardy, bou...
DATE: Dec 22, 2010
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CATEGORY:
International Business
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The Association of Bermuda Insurers and Reinsurers (ABIR) has announced its newly-elected officers who will take up their positions at the start of next year.
The new officers will each serve for a two-year term.
The incoming chair for ABIR will be C...
DATE: Dec 21, 2010
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CATEGORY:
International Business
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Two re/insurance companies were incorporated in Bermuda during November, bringing the total for the year to 30, according to the latest statisticws from the Bermuda Monetary Authority (BMA).
The BMA Monthly Registration Statistics for November reveal...
DATE: Dec 21, 2010
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CATEGORY:
International Business
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American International Group’s (AIG) property/casualty and life/health subsidiaries’ financial strength ratings (FSR) and issuer credit ratings (ICR) have been affirmed by AM Best Co.
Best has affirmed the ICR of “bbb” of AIG. The outlook for all rat...
DATE: Dec 21, 2010
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CATEGORY:
International Business
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Bermuda-based Seadrill Ltd. has announced that the holders of approximately $340,000,000 of its convertible bonds due in 2012 and approximately $400,000,000 in convertible bonds due 2014 have submitted their acceptances of the voluntary conversion of...
DATE: Dec 20, 2010
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CATEGORY:
International Business
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Bermuda corporation Small Island Investments Ltd. has closed a deal to buy 4.2 million shares worth $2.1 million from Good Times Restaurants Inc. following shareholder approval of the transaction, it was announced on Friday.
Good Times Restaurants ha...
DATE: Dec 20, 2010
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CATEGORY:
International Business
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AM Best Europe - Rating Services Ltd. has affirmed the financial strength rating of A (excellent) and issuer credit rating of “a” of Amlin AG (Switzerland).
The outlook for both ratings is stable.
In October 2010, Amlin plc., the holding company of t...
DATE: Dec 20, 2010
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CATEGORY:
International Business
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