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TOKYO (AP) - Shares of Japanese insurer Millea Holdings rose in Tokyo trading yesterday after it said last week it will buy British insurer Kiln Ltd.
Millea closed at 3,630 yen ($32; euro22 euros), up 1.1 percent from Friday's close after gaining mor...
DATE: Dec 18, 2007
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NEW YORK (AP) — The dollar gained more ground against the euro last Friday after strong US data suggested that the Fed may not need to act again soon to cut interest rates, which would have lowered the yield on dollar-denominated investments.
In Frid...
DATE: Dec 17, 2007
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Partner Reinsurance Europe has been assigned a financial strength rating of A+ and an issuer credit rating of aa- by AM Best. The outlook for both ratings is stable.
The ratings are based on the company's initial strong risk-adjusted capitalisation, ...
DATE: Dec 17, 2007
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NEW YORK (Bloomberg) — Arthur J. Gallagher & Company, the world's fourth-largest insurance broker, has acquired a 38.5 percent stake in CGM Group.
CGM, based in Kingston, Jamaica, provides risk management and modeling services to clients throughout t...
DATE: Dec 17, 2007
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Bermuda's surveyors were given an insight into environmentally friendly and energy efficient buildings of the future at the Bermuda branch of the Royal Institution of Chartered Surveyors interactive panel discussion held on Wednesday night.
The meeti...
DATE: Dec 17, 2007
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Banking was the busiest sector of the week on the Royal Gazette/Bermuda Stock Exchange Index last week.
Bermuda Commercial Bank Ltd.'s weighted shares shot up $3.60 (218.18 percent) to close at $5.25, with 732 shares traded.
But, Butterfield Bank wen...
DATE: Dec 17, 2007
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LOS ANGELES (Reuters) - The last man on Earth was first at the weekend box office in North America as Will Smith's sci-fi thriller "I Am Legend" crushed the competition with a record opening, said distributor Warner Brothers.
The film brought in $76....
DATE: Dec 17, 2007
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Moody's Investors Service has warned that AAA ratings of four leading bond insurers could be downgraded after the agency re-evaluated the companies' exposure to potential subprime mortgage losses.
The AAA ratings of Financial Guaranty Insurance Compa...
DATE: Dec 17, 2007
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AUTHOR:
Scott Neil
The world's sixth-largest property and casualty insurer Millea Holdings will gain a stronger foothold in the Bermuda and London markets if it succeeds in its bid to buy Kiln for $902 million.
The potential sale was confirmed on Friday with Tokio Mari...
DATE: Dec 17, 2007
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AUTHOR:
Scott Neil
WASHINGTON (Reuters) - The US economy is showing early signs of stagflation as growth threatens to stall while food and energy prices soar, former US Federal Reserve Chairman Alan Greenspan said yesterday.
In an interview on ABC's "This Week with Geo...
DATE: Dec 17, 2007
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