49296 results returned for search: "" category ("Other" AND "Business")
AM Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of "a" of Allied World Assurance Company, Ltd. (Bermuda) (Allied World) and its operating affiliates. The outlook for all ratings is stable.
Allie...
DATE: Jul 17, 2009
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LONDON - Upbeat results from JP Morgan boosted banks while energy and pharmaceutical stocks also gained, leading Britain's top share index to close at a one-month high, up for a fourth session.
The index was trading in slightly negative territory in ...
DATE: Jul 17, 2009
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Alison Hill set her sights on overseeing the Argus Group's expansion overseas on being unveiled as the company's first chief operating officer yesterday.
Ms Hill was brought in to strengthen the insurer and pension provider's senior management team a...
DATE: Jul 17, 2009
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - Britain's competition regulator defended plans for a new test for supermarket groups yesterday, saying its proposals could yield £1.9 billion ($3.1 billion) of benefits to consumers over 25 years.
The Competition Commission (CC) sa...
DATE: Jul 17, 2009
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LONDON (Reuters) - Britain's economy will shrink sharply in 2009 before edging into growth in 2010, and the government should make clear plans to reduce borrowing when recovery comes, the International Monetary Fund said yesterday.
In its annual heal...
DATE: Jul 17, 2009
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CHARLOTTE, North Carolina (AP) - JPMorgan Chase & Co. posted a 36 percent jump in second-quarter profit yesterday, easily surpassing analysts' expectations, as strength in investment banking offset higher credit losses.
JPMorgan, the second big bank ...
DATE: Jul 17, 2009
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NEW YORK (Reuters) - Most bond insurers are headed for liquidation or run-off as losses from troubled assets linger, an analyst at independent research firm CreditSights said.
But Bermuda-based Assured Guaranty looks set to dominate the municipal bon...
DATE: Jul 17, 2009
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LONDON (AP) — Tighter controls on bonuses, better-trained directors and greater shareholder involvement are among the sweeping changes proposed by a government-commissioned review of bank governance out yesterday.
The interim report from the so-calle...
DATE: Jul 17, 2009
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NEW YORK (Bloomberg) — The trustee liquidating Bernard Madoff's business sued Bermuda-based Alpha Fund, claiming the hedge fund received almost $213 million in transfers from the convicted conman's firm in the past two years.
That was one of three la...
DATE: Jul 17, 2009
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NEW YORK (Bloomberg) — Warren Buffett's Berkshire Hathaway Inc. offered $1.7 billion in cash to buy Bermuda-based reinsurer IPC Holdings Ltd. earlier this month, said two people with knowledge of the bid.
Berkshire is the "Party M" named in a regulat...
DATE: Jul 17, 2009
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