49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) - US state and local governments from Alabama to Arizona opted to sell uninsured bonds this week, scrapping plans to use insurance from two firms threatened by Moody's Investors Service with losing their top ratings.
Municipal bo...
DATE: Jul 28, 2008
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Imagine Insurance Co. Ltd. and Imagine International Reinsurance Ltd. (collectively Imagine) has seen its rating outlook revised to negative from stable by Fitch Ratings, after the sale of one of the company's subsidiaries to bermuda-based Max Capita...
DATE: Jul 28, 2008
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NEW YORK (Bloomberg) - Aon Corp. said the insurance carrier-funded payments it was banned from accepting three years ago do not necessarily harm clients if properly disclosed.
"Aon does not believe that such compensation poses an irreconcilable confl...
DATE: Jul 28, 2008
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Bermuda-based insurer Catlin Group Ltd. is set to appoint Nicholas Lyons as an independent non-executive director next month.
His appointment, on August 6, will be subject to election to the Catlin board of directors by shareholders at the company's ...
DATE: Jul 28, 2008
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A leading catastrophe modeller expects insured losses caused by Hurricane Dolly to amount to less than $750 million.
The category two storm hit southwest Texas near the border of Mexico on Wednesday.
The estimate by Risk Management Solutions (RMS) in...
DATE: Jul 28, 2008
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In a powerfully good mood, I am here to sing the praises of the credit card. I am in New York City, to which I repair from time-to-time to get away from the hustle and bustle of Bermuda. New York City has been Disneyfied to such an extent that it now...
DATE: Jul 26, 2008
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The dreaded word, redundant. Everyone attends the normal weekly team meeting. You and a few others are culled from the group; 'stay after', you are told. One by one, you are given your walking papers. Shock, anger, disbelief, betrayal. You are stunne...
DATE: Jul 26, 2008
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Max Capital Group Ltd. is set to join a group of Bermuda insurers that have bought their way into the London market after it announced an agreement to take over Lloyd's operation Imagine Group (UK) Ltd.
The agreement also includes the acquisition of ...
DATE: Jul 25, 2008
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Arch Capital Group Ltd. held firm as its profits dropped only marginally from $199.4 million to $192.3 million for the second quarter 2008.
Net income for the first six months of this year was also down at $381.7 million or $5.71 per share in contras...
DATE: Jul 25, 2008
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IPC Holdings Ltd. last night reported a 70-percent increase in net income in the second quarter despite $13.8 million in losses related to US floods and tornadoes.
The Bermuda-based reinsurerrecorded a profit of $47.5 million, or 78 cents per share, ...
DATE: Jul 25, 2008
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AUTHOR:
Jonathan Kent
