49296 results returned for search: "" category ("Other" AND "Business")
Belco Holdings Ltd. saw its share price drop 95 cents (4.5 percent) to close at $20.30 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The utilities company also traded 676 shares throughout the day.
Butterfield Bank was the only o...
DATE: Feb 26, 2008
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HARTFORD, Connecticut (AP) — Five former insurance company executives were found guilty yesterday of a scheme to manipulate the financial statements of the world's largest insurance company, American International Group Inc.
The defendants, including...
DATE: Feb 26, 2008
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The Bermuda insurance market has been heavily involved in organising cover for New York's new World Trade Center.
Ace USA, Aspen, Allied World and XL Insurance have all been involved in writing insurance policies for the new WTC to replace the Twin T...
DATE: Feb 26, 2008
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LONDON (Bloomberg) - Prime Minister Gordon Brown ordered the Treasury to take on people attempting to evade taxes overseas after the UK government joined Germany in investigating bank accounts in Liechtenstein.
The Treasury should "take whatever acti...
DATE: Feb 26, 2008
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Scottish Re Group Ltd, a struggling life reinsurer, said on Friday it may sell its international life reinsurance and wealth management units, and plans to cut costs after suffering mortgage-related losses and a credit rating downgrade.
The Hamilton,...
DATE: Feb 25, 2008
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LONDON (Bloomberg) — The UK tax collection department is investigating Britons with bank accounts in Liechtenstein for possible tax evasion, after a German probe in the alpine country turned up suspected wrongdoing.
Her Majesty's Revenue & Customs pa...
DATE: Feb 25, 2008
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OTTAWA (Reuters) - Investors unable to stomach a fitful market and unsettled by economic worries might seek refuge in recession-resistant consumer stocks, but success in this safe-haven strategy won't come easy.
Profit hinges on tough scrutiny and si...
DATE: Feb 25, 2008
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NEW YORK (AP) — Wall Street will face a slew of data this week: on Americans' spending, inflation at the producer level, home sales and manufacturing.
So far this year, economic data has been mixed, but overall worrisome, and that has made for a turb...
DATE: Feb 25, 2008
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NEW YORK (Bloomberg) — Ambac Financial Group Inc., the bond insurer facing a crippling credit-rating downgrade, may get $3 billion in new capital as part of a rescue agreement with banks, according to a person with knowledge of the discussions.
An an...
DATE: Feb 25, 2008
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Bermuda-based reinsurance firm White Mountains Re Group's subsidiaries Folksamerica Reinsurance Co. and Fund American Reinsurance Co. have been affirmed and assigned financial strength ratings (FSR) respectively by AM Best Co.
The ratings agency has ...
DATE: Feb 25, 2008
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