49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) — A Blackstone Group LP-led group is acquiring Alliant Insurance Services Inc. as private equity firms continue a record pace for buyouts.Terms of the transaction weren't disclosed, the companies said in a statement sent on Monda...
DATE: Jun 06, 2007
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Bermuda-based Ironshore Inc. has announced that Mike Mitrovic has joined its professional liability facility IronPro as President, IronPro Claims. Mitrovic teams with IronPro president Greg Flood to lead the growth and development of this newly creat...
DATE: Jun 06, 2007
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For an Island as reliant on internet connectivity as Bermuda the advent of deliberate cyberspace attacks of a magnitude that can virtually cripple a country — as experienced by Estonia last month — is worrying.
Whether such an attack could be mounted...
DATE: Jun 06, 2007
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AUTHOR:
Scott Neil
Twelve Bermudian university students will get the chance to work a stint at three of the Island's international businesses this summer under a scheme aimed at giving locals a head start in their career.
The Summer Internship Programme (SIP), sponsore...
DATE: Jun 06, 2007
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — Bermuda-based Tyco International Ltd. was sued by its bond trustee, Bank of New York Co. Inc., which wants a court order resolving a dispute over how much bondholders should be compensated when Tyco is broken up into three piec...
DATE: Jun 06, 2007
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Microsoft has surely made a breakthrough with its new "Surface Computing" concept, which it unveiled last week. Microsoft Surface is a 30-inch interactive display set into a table form and it goes beyond the typical touch screen. The surface of the ...
DATE: Jun 06, 2007
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Bermuda-based RenaissanceRe Holdings Ltd. has created a new Island-based reinsurance company, specifically to cater to homeowners' business in Florida.
Starbound Reinsurance II Ltd. will create around $375 million in new reinsurance capacity for the ...
DATE: Jun 06, 2007
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AUTHOR:
Jonathan Kent
COPENHAGEN (Bloomberg) — A.P. Moeller-Maersk A/S, the world's biggest shipping company, agreed to sell three oil rigs to Bermuda-based Northern Offshore Ltd. for $455 million amid rising prices for oil production equipment.Maersk will hand over the E...
DATE: Jun 06, 2007
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NEW YORK (Bloomberg) — Insurance commissioners around the US agreed to ask for stronger state laws to prevent people from taking out life insurance policies with the sole intent of selling them to speculators.The National Association of Insurance Com...
DATE: Jun 06, 2007
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TORONTO (Bloomberg) — Canadian stocks fell for the first time in three days, led by banks such as Bank of Nova Scotia, on speculation that accelerating economic growth and inflation may prompt the central bank to raise borrowing costs."In Canada, we'...
DATE: Jun 06, 2007
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