49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Pentelia Capital Management has teamed up with Japanese giant Mitsubishi Corporation to create a new alternative investment fund to focus on insurance-linked securities.
Eolia Diamond Ltd. starts with $132 million and will be involved w...
DATE: Apr 09, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — A unit of Bermuda-based Primus Guaranty Ltd. that manages $22.5 billion in credit-default swaps had its ratings cut by Standard & Poor's for the fifth time in less than six months as the corporate debt it guarantees deteriorate...
DATE: Apr 09, 2009
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The impact of international business on Bermuda's economy, property market, culture and diversity are just some of the questions posed to employees in the sector by the Association of Bermuda International Companies (ABIC) Survey 2009.
The online sur...
DATE: Apr 09, 2009
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WASHINGTON (Bloomberg) — General Motors Corp., facing a potential June 1 bankruptcy without new debt cuts, is meeting this week and next with a team from the US Treasury to craft a revised plan to save the company.
The meetings are led for the Treasu...
DATE: Apr 09, 2009
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NEW YORK (Bloomberg) — The US Treasury said life insurers are eligible for capital infusions under the federal rescue programme and applications are under review.
Hartford Financial Services Group Inc. rose $1.14, or 13 percent, to $9.59 in New York ...
DATE: Apr 09, 2009
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Citi Hedge Fund Services has confirmed that the head of operations at its Bermuda office will be leaving his post voluntarily at the end of May.
A spokeswoman for Citigroup said that Eric Bertrand has handed in his resignation and his duties will be ...
DATE: Apr 09, 2009
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Lancashire Holdings Ltd. has increased its estimate for the financial impact of Hurricane Ike on its business by almost $40 million.
Lancashire now reckons that Ike will have a net negative impact on its financial results of approximately $189.2 mill...
DATE: Apr 09, 2009
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LONDON (Reuters) - Recession concerns have not reduced people's desire to travel, a survey has found, with the number of planned holidays this year up on 2008.
No fewer than 86 percent of 8,000 respondents to the CNN poll said they intended to go abr...
DATE: Apr 09, 2009
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Bermuda bond reinsurer Ram Holdings Ltd. has agreed to pay almost $100 million to Ambac to terminate its $7.4 billion portfolio of business with the US bond insurer.
Ram said the portfolio included $4.95 billion of public finance par outstanding and ...
DATE: Apr 09, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - Britain's recession is far from over and will be much deeper than previously feared despite unprecedented stimulus measures from the Bank of England, a Reuters poll showed.
Over 40 economists in the quarterly poll, taken April 1-8,...
DATE: Apr 09, 2009
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