49296 results returned for search: "" category ("Other" AND "Business")
Everest Re Group Ltd.'s reinsurance subsidiaries have been affirmed the financial strength rating (FSR) of A+ (superior) and issuer credit ratings (ICR) of "aa-" by AM Best Co.
Concurrently, Best has affirmed the ICRs of "a-" of Everest Re and Everes...
DATE: Jun 18, 2008
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NEW YORK (Bloomberg) — An increase in tornadoes across the US Midwest may cut into insurers' second-quarter profit, an analyst with KeyBanc Capital Markets Inc. said.
"The number of tornadoes this year, relative to last year, has gone up exponentiall...
DATE: Jun 17, 2008
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Logic will unveil its IT blueprint solution at the Bermuda Captive Conference this week.
Logic's IT Blueprint is customised to meet the unique needs of each business and is comprised of four parts: Setting Up Your Office with the hardware and softwar...
DATE: Jun 17, 2008
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NEW YORK (AP) — Wall Street started the week with a mixed finish yesterday as investors weighed volatility in oil prices and new hope for the financial sector after Lehman Brothers posted results.
Stocks spent much of the session mostly lower after a...
DATE: Jun 17, 2008
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Globe Re Ltd. led the way for new insurance-sector companies setting up in Bermuda over the last month.
The new Class 3 reinsurer, which was launched on May 30 and has a $20.5 million cash backing from Benfield Group Ltd., has been writing business s...
DATE: Jun 17, 2008
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Networking was the name of the game at the BTEC Future Leaders event.
Students from Berkeley Institute and CedarBridge Academy had the chance to meet representatives from companies and organisations from across Bermuda's business community, such as G...
DATE: Jun 17, 2008
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Maiden Insurance Co. Ltd. has been affirmed the financial strength rating (FSR) of A- (excellent) and issuer credit rating (ICR) of "a-" by AM Best Co.
Concurrently, Best has affirmed the ICR of "bbb-" of the parent holding company, Maiden Holdings L...
DATE: Jun 17, 2008
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NEW YORK (AP) — AIG's Martin Sullivan lost his job as the head of the world's largest insurer, becoming the latest chief executive officer to be sent packing after racking up huge losses on bad mortgage-market bets.
American International Group Inc.,...
DATE: Jun 17, 2008
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NEW YORK (AP) — Lehman Brothers chief executive Richard Fuld yesterday took the blame for the company's staggering second-quarter loss, and said the investment bank was too slow in reacting to the credit crisis.
"This is my responsibility," Fuld decl...
DATE: Jun 17, 2008
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Banking and utilities proved to be the busiest sectors on The Royal Gazette/Bermuda Stock Exchange Index (BSX) last week.
KeyTech Ltd. saw its share price rise 45 cents, with 3,000 shares traded, but Butterfield Bank and Belco Holdings Ltd. dropped b...
DATE: Jun 17, 2008
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