49296 results returned for search: "" category ("Other" AND "Business")
LONDON (AP) — Virgin Atlantic carried out the world's first flight of a commercial aircraft powered with biofuel yesterday in an effort to show it can produce less carbon dioxide than normal jet fuels.
Some analysts praised the jumbo jet test flight ...
DATE: Feb 25, 2008
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NEW YORK (Bloomberg) — Two former Marsh & McLennan Cos. executives were found guilty of restraint of trade and acquitted of 20 other charges after the first bid-rigging trial in a New York probe of anticompetitive insurance sales practices.
William G...
DATE: Feb 25, 2008
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NEW YORK (Reuters) - Marsh & McLennan Cos Inc will pay Michael Cherkasky, the executive they brought in to broker a costly legal settlement in 2005, $7.15 million as part of a severance package reached after he was forced out earlier this year.
MMC, ...
DATE: Feb 25, 2008
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It was a slow start to the year for newly-incorporated insurance and reinsurance companies in Bermuda, with only four setting up during the month of January. Among the main ones were the two new Class 3 companies, Jericho Financial Guaranty Re. Ltd.,...
DATE: Feb 25, 2008
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NEW YORK (Bloomberg) — The dollar fell to a three-week low against the euro on speculation the Federal Reserve will cut borrowing costs next month to avert a recession.
The US currency declined for a second straight week against the euro after a repo...
DATE: Feb 25, 2008
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) closed up for the week at 5,142.40.
Belco was the only company to benefit from trading on Friday, with the utilities company seeing its share price rise 25 cents (1.2 percent) to close at $21.25, w...
DATE: Feb 25, 2008
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LONDON (Reuters) - Bermuda-based insurer Catlin Group Limited said on Friday it has issued a catastrophe bond that provides up to $150 million in cover against natural disasters.
The bond, which runs until the end of 2010, protects the London-listed ...
DATE: Feb 25, 2008
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There is a lot more out there for Bermudians than just career opportunities in insurance.
That is the message Air Care Ltd. is trying to get out as it steps up its recruitment drive in a bid to take on and add more local talent to its ranks. For, the...
DATE: Feb 25, 2008
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NEW YORK (Bloomberg) — Aon Corp., the second-largest insurance broker, agreed to acquire "substantially all" of a US and UK reinsurance brokerage from Arthur J. Gallagher & Co.
The agreement includes an initial payment of about $30 million and additi...
DATE: Feb 25, 2008
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Bermuda's auto dealers say the hike in car duties outlined in this year's Budget will impact most on lower-income customers and the change has left distributors to seriously consider the way they will operate in the future.
In a statement put out by ...
DATE: Feb 25, 2008
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