49296 results returned for search: "" category ("Other" AND "Business")
The profit margins of Bermuda's insurers and reinsurers will come under increasing pressure next year as rates fall after a lack of major catastrophes this year, according to credit rating agency Moody's Investors Service.
In its annual report on the...
DATE: Nov 13, 2009
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AUTHOR:
Jonathan Kent
WASHINGTON (AP) — US banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the red, under a plan adopted by federal regulators.
The Federal Deposit Insurance Corp. board voted yesterday to mandate the ea...
DATE: Nov 13, 2009
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NEW YORK (Bloomberg) — XL Capital Ltd. chief executive officer Michael McGavick said insurers are struggling to raise rates for commercial coverage in a so-called soft market.
"We fight these dark days of a seemingly endless soft market," Mr. McGavic...
DATE: Nov 13, 2009
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Butterfield Bank's preference shares rose $4 (0.32 percent) to $223 on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 1,285 preference shares, as well as 2,500 common shares.
Bermuda Aviation Services Ltd. saw 1,000 shares change hands, ...
DATE: Nov 13, 2009
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NEW YORK (Reuters) - Bailed out insurer American International Group Inc's global property-casualty division has not lost any employees because of pay limits imposed by Washington, the unit's chief financial officer said yesterday.
Robert Schimek pra...
DATE: Nov 13, 2009
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Bermuda insurer Allied World Assurance Company Holdings Ltd. yesterday announced the opening of a branch office in Singapore in order to further expand its operations in Asia,and has appointed Bruce Ford as its principal officer and head of treaty As...
DATE: Nov 13, 2009
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MIAMI (Reuters) - Federal agents investigating a prominent Florida lawyer suspected of running an elaborate Ponzi scheme said yesterday the amount involved could exceed $1 billion, and they asked bilked investors to come forward.
At a news conference...
DATE: Nov 13, 2009
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WASHINGTON (AP) — The Obama administration's pay czar said yesterday that he is "very concerned" about scaring away top talent at seven firms that took the biggest bailouts.
"The determinations I render I design first and foremost to make sure those ...
DATE: Nov 13, 2009
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DUBLIN (Reuters) - A winter of discontent is in store, as the Irish fume at a bailout plan which could burden a generation, and they say is way too generous to the banks who lent so freely when the "Celtic Tiger" was roaring.
Nurses, fire-fighters, s...
DATE: Nov 13, 2009
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LONDON (Reuters) - British Prime Minister Gordon Brown said on Tuesday banks must be made to act responsibly but that a levy on transactions was only one possible way of achieving this.
Brown floated, to a weekend meeting of G20 finance ministers, a ...
DATE: Nov 12, 2009
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