49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — American International Group Inc. has used $90.3 billion of a US government credit line since it was bailed out last month, an amount exceeding the size of the original loan meant to save the insurer.
AIG may need more than the...
DATE: Oct 27, 2008
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The Royal Gazette / Bermuda Stock Exchange (BSX) index was one of few share price indices in the world to achieve a gain last week.
Heavy trading in Butterfield Bank and sharp rises for utility companies resulted in a rise of more than 2.5 percent fo...
DATE: Oct 27, 2008
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NEW YORK (Bloomberg) — Bermuda-based Syncora Holdings Ltd.'s bond insurance unit has been downgraded by Moody's.
Syncora Guarantee Inc.'s financial strength rating was cut two levels to Caa1 from B2 and left under review with "direction uncertain," t...
DATE: Oct 27, 2008
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MOSCOW (AP) — The International Monetary Fund said yesterday it had reached a tentative agreement with Ukraine on a $16.5 billion loan to help the country out of its growing financial turmoil.
The agreement, however, is contingent on unspecified legi...
DATE: Oct 27, 2008
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US insurer Darwin — a recent acquisition of Bermuda-based Allied World Assurance Company — has had its financial strength rating (FSR) upgraded by AM Best to A from A-.
Best also affirmed Allied World's financial strength rating at A.
"Darwin's book ...
DATE: Oct 27, 2008
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The process of deleveraging is causing many casualties among individuals, corporations and countries everywhere. Despite massive government intervention across the world, there will be many more victims before some measure of stability returns. Needl...
DATE: Oct 27, 2008
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A Bermuda-based insurance brokerage executive has warned the industry to brace itself for a severe bolstering of regulation in the wake of the ongoing financial crisis.
Dennis Mahoney, chairman of Aon Global, told an insurance conference in Sydney, A...
DATE: Oct 27, 2008
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AUTHOR:
Jonathan Kent
Fewer than a quarter of insurance industry professionals polled by BestWeek US/Canada believe US insurers and reinsurers can compete with firms based in low-tax domiciles and more than half endorsed tax law changes to address the situation.
In an on...
DATE: Oct 27, 2008
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Bermuda will today host one major hedge fund conference and plug itself as a leading fund domicile at another, as the industry goes through a period of dramatic transformation.
Top hedge fund managers and some of their biggest investors will converge...
DATE: Oct 27, 2008
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AUTHOR:
Jonathan Kent
The locally-based CEO of an influential financial newsletter has launched a scathing attack on billionaire trader Warren Buffett for what she believes is his 'unethical behaviour' during the current economic meltdown.
Jill De Quincey, who resides in ...
DATE: Oct 27, 2008
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