3305 results returned for search: "" category "International Business"
Commodities broker Seaboard Overseas Ltd is to close its Bermuda office with loss of 12 jobs.
The Royal Gazette understands that the operation will be relocated to the Isle of Man, following the closure of the Bermuda office on April 30.
The posts to...
DATE: Jan 26, 2011
|
CATEGORY:
International Business
|
Business Bermuda led a delegation of international business executives at the GAIM USA 2011 Conference in Boca Raton, Florida last week.
The hedge funds conference, which ran from January 18 through January 20, featured the delegation headed by Susan...
DATE: Jan 26, 2011
|
CATEGORY:
International Business
|
Bermuda remains the number one domicile for captive insurance companies despite an upsurge in business for rivals like Vermont in the US.
Thirty-three new captives were set up in the State of Vermont last year as it surpassed the 900 milestone follow...
DATE: Jan 25, 2011
|
CATEGORY:
International Business
|
Bermuda-based re/insurer Endurance Specialty Holdings Ltd has agreed to pay $321.5 million to buy out the approximately 15 percent stake of Perry Corp, one of its founding shareholders.
Endurance will buy back 7.14 million shares and options to buy 1...
DATE: Jan 25, 2011
|
CATEGORY:
International Business
|
Fitch Ratings has noted improvements in XL Group’s capital position and affirmed the insurer financial strength rating of A of its operating subsidiaries.
The Ireland-domiciled business insurer, which has substantial operations in Bermuda, has “solid...
DATE: Jan 24, 2011
|
CATEGORY:
International Business
|
WASHINGTON (AP) - Government auditors say taxpayers might be repaid in full for the bailout of insurance giant American International Group Inc. (AIG).
The Government Accountability Office said in a report issued on Thursday that the final cost of th...
DATE: Jan 24, 2011
|
CATEGORY:
International Business
|
Bermuda-domiciled investment bank Lazard Ltd has hired former British Cabinet Minister Peter Mandelson as a senior adviser.
Lord Mandelson, who now sits in the House of Lords, held four different Cabinet posts under the governments of Tony Blair and ...
DATE: Jan 24, 2011
|
CATEGORY:
International Business
|
NEW YORK (Reuters) - The Lloyd’s of London insurance market keeps a close eye on competition from Bermudian reinsurers, but is more focused on the challenge coming from Switzerland, the market’s chief executive said.
In an interview at the market’s U...
DATE: Jan 21, 2011
|
CATEGORY:
International Business
|
Bermuda's re/insurance market remains strong and - despite the challenges of the current highly competitive market - should be well placed to capitalise on a future upturn.
That is the view of Fitch Ratings, which yesterday published its “Bermuda 201...
DATE: Jan 20, 2011
|
CATEGORY:
International Business
|
Insured losses from the recent flooding in Australia could top $6 billion, and earnings estimates for Bermudian reinsurers are at risk as a result, Barclays Capital said yesterday.
Barclays analyst Jay Gelb cited early estimates for $4 billion of los...
DATE: Jan 20, 2011
|
CATEGORY:
International Business
|
