3305 results returned for search: "" category "International Business"
NEW YORK/WASHINGTON (Reuters) - American International Group Inc shares are expected to settle back to a level in the mid-$40 range once the company’s recently approved warrants begin trading, a person familiar with the situation said yesterday.
But ...
DATE: Jan 11, 2011
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CATEGORY:
International Business
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Bermuda-based insurer Omega Insurance Holdings Ltd has been approached by Lloyd’s market rival Canopius Group Ltd about a possible takeover.
Omega’s board of directors announced the news in a press statement yesterday, just as Canopius was announcing...
DATE: Jan 11, 2011
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CATEGORY:
International Business
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Bermuda re/insurer American Safety Insurance Holdings Ltd’s subsidiaries’ (ASI) financial strength rating of A (excellent) and issuer credit rating of “a” have been affirmed by AM Best Co.
Best also has affirmed the ICR of “bbb” of ASI. The outlook f...
DATE: Jan 11, 2011
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CATEGORY:
International Business
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A hedge fund manager who used to work in Bermuda as a reinsurance actuary is finding great success in his new career in Singapore.
Leow Kah Shin, a former employee of Max Capital (now known as Alterra Capital Holdings), now runs Quantedge Capital, wh...
DATE: Jan 10, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) - American International Group Inc. (AIG), recipient of a $182.3 billion US government rescue, agreed to pay $450 million to rivals to settle claims it shortchanged industry-funded pools that insure injured workers.
Travelers Cos...
DATE: Jan 10, 2011
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CATEGORY:
International Business
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Bermuda-based CatCo Investment Management Ltd. has brought a capital markets approach to the reinsurance industry - and in the firm's early months of operation it has already proved popular with investors and reinsurance buyers alike.
CatCo's chief e...
DATE: Jan 10, 2011
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CATEGORY:
International Business
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Bermuda-based insurer Ironshore has expanded its global network with the formation of Ironshore Europe Ltd, which will be domiciled in Dublin, Ireland.
Fiona Marry has been appointed CEO of the new insurer, reporting to the Ironshore Europe board cha...
DATE: Jan 06, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) American International Group Inc., the insurer selling assets to repay a US bailout, told regulators it was offered as much as $3 billion for its Taiwan-based unit Nan Shan Life Insurance Co.
“Prospective buyers have approached A...
DATE: Jan 06, 2011
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CATEGORY:
International Business
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Satellite telecommunications firm Kiskadee Communications (Bermuda) Ltd is suing two officers of fellow Bermuda-based company ProtoStar Ltd for $18.25 million in compensatory damages.
Kiskadee's principal shareholders are listed as Bermudian business...
DATE: Jan 06, 2011
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CATEGORY:
International Business
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NORWAY (Bloomberg) - Seadrill Ltd., owner of the second-largest fleet of deepwater rigs, rose in Oslo trading after agreeing to buy two ultra-deepwater rigs under construction at the Jurong Shipyard Pte Ltd. for $1.2 billion.
Seadrill rose as much as...
DATE: Jan 05, 2011
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CATEGORY:
International Business
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