49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Aspen Insurance Holdings Ltd. has announced that its subsidiary, Aspen Insurance UK Ltd., is set to underwrite insurance in Australia after being authorised by the Australian Prudential Regulation Authority.
Aspen's Australian branch is...
DATE: Dec 16, 2008
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TORONTO (Bloomberg) - Canadian stocks fell, led by financial companies and energy producers, after a US manufacturing report fanned speculation that a deepening North American recession will cut profits.
Manulife Financial Corp. led insurers and bank...
DATE: Dec 16, 2008
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Bermuda-based insurer Ironshore yesterday announced it had acquired the assets of Canada-based Marine Re Inc.
Ironshore said the marine reinsurer's current management and staff will be retained under the leadership of chief executive officer Simon Ba...
DATE: Dec 16, 2008
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Bermuda may not be directly affected by exposure to investments managed by Bernard Madoff, but the hedge fund industry and the offshore world will suffer as a result of the scandal.
That is the view of Jon Heckscher, executive vice-president of LOM A...
DATE: Dec 16, 2008
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Bermuda leads the way when it comes to catastrophe modelling, but there is still some work to be done with documentation and governance procedures.
That is according to Matthew Elderfield, CEO of the Bermuda Monetary Authority (BMA), who was speaking...
DATE: Dec 16, 2008
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Cable & Wireless has opened a new $10 million data centre that will add badly needed capacity to Bermuda's information technology infrastructure.
C&W Bermuda chief executive officer Gregory Jordan said Bermuda had "reached a standard of telecommunica...
DATE: Dec 15, 2008
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) - Bernard Madoff, before two FBI agents showed up at his Manhattan apartment this week, confessed to two sons that his investment advisory business was "a giant Ponzi scheme" that cost clients $50 billion.
"We're here to find out...
DATE: Dec 15, 2008
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A taste of Italy has come to one of Bermuda's oldest and most traditional plantation estates with the launch of Splendido Bar and Restaurant.
The restaurant, which is nestled at the top of the hill at Horizons and Cottages in Paget, lives up to its n...
DATE: Dec 15, 2008
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Bermuda-based financial guarantor Syncora Holdings Ltd. is set to be delisted from the New York Stock Exchange.
Syncora said in a statement released after the markets close on Friday that the NYSE will suspend trading in the company, which has been p...
DATE: Dec 15, 2008
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AUTHOR:
Jonathan Kent
TORONTO (Reuters) - Shares of Canadian autoparts makers have taken a beating due to the decline in the US auto sector, but the companies will face a much harsher reality if one or more of the Detroit Three is allowed to fail.
Parts companies already ...
DATE: Dec 15, 2008
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