3305 results returned for search: "" category "International Business"
Bermuda-based Seadrill has announced that North Atlantic Drilling Ltd has acquired its harsh-environment drilling activities for $4.1 billion.
The acquisition, which was successfully completed last month, follows North Atlantic Drilling’s private pla...
DATE: Apr 07, 2011
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CATEGORY:
International Business
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OSLO (Bloomberg) - Frontline Ltd. agreed with Ship Finance International Ltd to terminate the long-term charter party between the companies for OBO carrier Front Leader.
Frontline will make a compensation payment to Ship Finance of about $7.7 million...
DATE: Apr 07, 2011
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CATEGORY:
International Business
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Bermuda-based Teekay Corporation has announced that Peter Evensen has succeeded Bjorn Moller as president and CEO and has joined the company’s board of directors
Meanwhile Bruce Chan has succeeded Mr Moller as Teekay Tankers’ CEO.
Mr Moller has als...
DATE: Apr 05, 2011
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CATEGORY:
International Business
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Global re/insurance rates should be increased in a “measured” way over the next six months to avoid any kneejerk reaction in the market.
That is according to Catlin Group CEO Stephen Catlin who said that rises in “the order of 10 to 25 percent, depen...
DATE: Apr 05, 2011
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CATEGORY:
International Business
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Being prepared to start at the bottom and work very hard is the formula that has led Bermudians Michelle Seymour-Smith and Sally Pimentel to a high level of responsibility at Arch Reinsurance Ltd.
The company announced last Friday that the two friend...
DATE: Apr 05, 2011
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CATEGORY:
International Business
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KPMG Bermuda yesterday stood by audit work it carried out for Island re/insurer Alterra Capital Holdings Ltd in 2008 after Bloomberg News revealed regulatory inspectors reported that the accountancy firm had failed to do enough to check the accuracy ...
DATE: Apr 01, 2011
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CATEGORY:
International Business
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LONDON (Bloomberg) - The world’s five biggest oil-tanker companies will still travel to the ports of Tokyo Bay, joining other shipping lines in judging them safe for crew and vessels.
Bermuda-based giants Frontline Ltd and Teekay Corp, as well as Mi...
DATE: Mar 31, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) Willis Group Holdings plc, the world’s third-biggest insurance broker, said piracy coverage is among its “fastest-growing” businesses amid increasing demand for protection against kidnappings and ransom.
“It’s crazy, but we do a ...
DATE: Mar 31, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) - Bermuda-based Signet Jewelers Ltd reported a higher-than-expected holiday quarter profit and said its Kay Jewelers and more upscale Jared chain have continued their streak of sales gains this quarter.
But business at its British ...
DATE: Mar 31, 2011
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CATEGORY:
International Business
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LONDON (Bloomberg) Lloyd’s of London, the world’s oldest insurance market, said full-year profit fell 44 percent on claims related to catastrophes such as the earthquake in Chile and the Deepwater Horizon oil spill in the Gulf of Mexico.
Pretax profi...
DATE: Mar 31, 2011
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CATEGORY:
International Business
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