49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based insurer Aspen Insurance Holdings Ltd. has partnered with and invested $25 million in the new investment fund focusing on insurance-linked securities, Cartesian Iris 2009A.
Iris, which is also based on the Island, is sponsored and manage...
DATE: Jun 05, 2009
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Some Bermuda-based companies are the subject of US corporate bribery probes, according to a report in the UK press.
The Financial Times reported that companies based in the UK, Bermuda and the Cayman Islands account for 16 of the 29 ongoing investiga...
DATE: Jun 05, 2009
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XL Capital Ltd yesterday announced the appointment of Elizabeth Reeves as executive vice-president and head of Global Human Resources.
Ms Reeves' appointment is effective as of June 8. She succeeds Celia Brown who is retiring after serving XL and its...
DATE: Jun 05, 2009
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Bermuda-based Endurance Specialty Holdings Ltd. has announced that AM Best has upgraded the financial strength rating of its operating subsidiary, American Agri-Business Insurance Co. (AA-BIC), to A (excellent).
The rating upgrade reflects AA-BIC's f...
DATE: Jun 05, 2009
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Bermuda is the most important offshore supplier of re/insurance and provider of property and casualty loss coverage to the US.
That is according to the Bermuda International Business Association's (BIBA) Economic Impact Study, which was released at a...
DATE: Jun 05, 2009
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IPC Holdings Ltd. have been offered a cash enticement of $2.50 per share to vote next week in favour of the planned merger with fellow Bermuda re/insurer Max Capital Group Ltd.
The money will be paid in the form of two dividends. The first will be $1...
DATE: Jun 05, 2009
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AUTHOR:
Jonathan Kent
Regulators can reduce the possibility of a repeat of last year's near meltdown of the global financial system by working more closely with auditors.
That is the view of Brendan Nelson, global chairman of KPMG's Financial Services Practice and also vi...
DATE: Jun 05, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
Belco Holdings Ltd. boosted its share price by 25 cents (1.56 percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The utilities company's share value closed the day at $16.25, with 2,000 shares traded.
The Index, as whole, fin...
DATE: Jun 05, 2009
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Local stocks remained unchanged after a quiet day's trading on the Bermuda Stock Exchange (BSX) yesterday.
On the day it held information sessions on its $200 million issuance of preferred stock (see page 25), Butterfield Bank's common shares stayed ...
DATE: Jun 04, 2009
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Investors looking to buy preference shares in Butterfield Bank can expect to receive a minimum dividend of eight percent it was announced by the bank yesterday.
Alan Thompson, president and CEO of Butterfield Bank, told prospective shareholders the r...
DATE: Jun 04, 2009
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