49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — Maurice (Hank) Greenberg, American International Group Inc.'s former chief executive officer, spent the day in a Manhattan courthouse giving testimony in a New York lawsuit over an alleged multi-billion dollar fraud at the comp...
DATE: Sep 12, 2008
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NEW YORK (Bloomberg) — Hurricane Ike, the storm that forced evacuations in Texas two days ahead of expected landfall, will cause at least $5 billion in insured damage, said Steve Smith, an atmospheric physicist for the Carvill reinsurance broker.
The...
DATE: Sep 12, 2008
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NEW YORK (Bloomberg) — Lehman Brothers Holdings Inc. entered into talks with potential buyers of the securities firm after Moody's Investors Service said the company must find a "stronger financial partner" and the shares plummeted.
Bankers from othe...
DATE: Sep 12, 2008
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Bermuda-based Digicel Group announced yesterday it is committing $1 million in hurricane relief efforts to storm-devastated Haiti.
The passing of four major storms over Haiti this season — including two hurricanes — has left an estimated 331 people d...
DATE: Sep 12, 2008
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An estimated 500 people attended the Bermuda reception in Monte Carlo as reinsurers and brokers met in a social setting to discuss industry issues.
According to Robin Spencer-Arscott, who organised the event with Suzie Pewter, the mood at Wednesday's...
DATE: Sep 12, 2008
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AUTHOR:
Jonathan Kent
LONDON (Reuters) - British shoppers have become more cost-conscious and have slashed spending on their homes as the housing market continues to deteriorate, updates from three of Britain's biggest retailers showed yesterday.
Downbeat comments from Jo...
DATE: Sep 12, 2008
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The world's largest online print shop — VistaPrint — continues to grow its operations with the announcement yesterday that it will be expanding its production facility in Windsor, Ontario, Canada.
The company, incorporated in Bermuda, has its US oper...
DATE: Sep 12, 2008
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NEW YORK (Reuters) - Lehman Brothers Holdings Inc's survival was called into question as its chief executive scrambled to sell assets to cover losses from toxic real estate investments, sending shares down as much as 46 percent.
The investment bank's...
DATE: Sep 12, 2008
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Bermuda's retail sector continued to feel the economic pinch as sales growth for July 2008 slowed to more than two-thirds less than that of the same period last year and less than half that of three months previously, according to Government's latest...
DATE: Sep 12, 2008
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PartnerRe Ltd. yesterday announced that it expects to receive claims for between $25 million and $45 million for losses caused by Hurricane Gustav, according to the company's prelimary estimates.
The Bermuda reinsurer said its loss loss estimate was ...
DATE: Sep 12, 2008
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