3096 results returned for search: "" category "International Business"
Omega Insurance insists the time frame for its takeover by Canopius Group will not be affected by a lawsuit filed in the Bermuda Supreme Court.
In April, the board of Bermuda-based Omega Insurance Holdings Ltd agreed to a £164 million ($265 million)...
DATE: Jul 11, 2012
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CATEGORY:
International Business
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HSBC Europe has agreed to sell its Irish insurance business to a Bermuda-based company for an undisclosed amount.
In an announcement to the London Stock Exchange, the bank said it was selling HSBC Insurance (Ireland) and HSBC Reinsurance to Bermuda-...
DATE: Jul 11, 2012
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CATEGORY:
International Business
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There’s been a recent influx of banks, hedge funds and private equity firms injecting capital into the reinsurance market — adding a reported $6 billion and $8 billion of new capacity since 2011 and slowing the return of a hard reinsurance market. An...
DATE: Jul 11, 2012
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CATEGORY:
International Business
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Ratings firm, AM Best has assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” to Bermuda-based SAC Re.
The outlook assigned to both ratings is stable.
The assets of SAC Re will be managed by SAC Capital Advisors, ...
DATE: Jul 10, 2012
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CATEGORY:
International Business
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American International Group (AIG), which was taken over by the federal government in 2008, sued the US seeking $30.2 million for an alleged overpayment of taxes for 1991.
The lawsuit, filed last week in the US Court of Federal Claims in Washington, ...
DATE: Jul 10, 2012
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CATEGORY:
International Business
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The Bermuda Foundation for Insurance Studies, along with law firm, Drinker Biddle & Reath LLP, will sponsor a panel discussion addressing the future of state insurance regulation in the US.
The panel takes place tomorrow at 5pm at the Fairmont Hamilt...
DATE: Jul 10, 2012
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CATEGORY:
International Business
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A hedge fund is fighting in a New York court to halt an attempted liquidation in Bermuda.
Fletcher International has asked the judge on whether hedge funds that incorporate abroad can use US Bankruptcy Court to stop investors when they seek liquidati...
DATE: Jul 06, 2012
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CATEGORY:
International Business
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An insurance industry veteran has been appointed to chair the Island’s branch of The Institute of Directors (IoD), Europe’s largest membership organisation for business leaders.
Roger Gillett, the chairman of the RIMS Committee of the Insurance Devel...
DATE: Jul 06, 2012
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CATEGORY:
International Business
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PRAGUE (Bloomberg) — Bermuda-based Central European Media Enterprises Ltd rose the most in five months after the company’s largest shareholder, Time Warner Inc, raised its stake to 49.9 percent.
The Bermuda-based operator of television channels in ce...
DATE: Jul 06, 2012
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CATEGORY:
International Business
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A company that owns controversial UK Conservative Party donor Lord Ashcroft’s Turks and Caicos bank has been approved to list on the Bermuda Stock Exchange.
Shares of Waterloo Investment Holding Ltd, sponsored by Appleby Securities (Bermuda) Limited ...
DATE: Jun 28, 2012
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CATEGORY:
International Business
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