49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (Dow Jones/AP) — GeoVera Insurance Holdings Limited has filed for an initial public offering worth up to $115 million in stock.The Bermuda-based provider of specialty residential property insurance didn’t disclose in a filing with the US S...
DATE: Mar 27, 2007
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WASHINGTON (AP) — Sales of new homes fell for a second consecutive month in February, dimming hopes for a rebound soon in the troubled housing market and raising fears about the health of the overall economy.The Commerce Department reported yesterday...
DATE: Mar 27, 2007
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Bermuda has lost out to the likes of Guernsey and Ireland when it comes to attracting captives linked to UK companies.
A survey by risk and insurance services firm Marsh shows that between 1995 and 2006 Bermuda’s share of the UK-generated captive mar...
DATE: Mar 27, 2007
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AUTHOR:
Scott Neil
Share movements in banks, insurance and utilities were responsible for a 39.50 (0.78 percent) climb in the Royal Gazette / Bermuda Stock Exchange as it reached 5,118.93.
The biggest climber was Argus Group, which saw its share price improve $1.10 (7....
DATE: Mar 27, 2007
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Former Tyco boss Dennis Kozlowski has spoken of life behind prison bars and the events that led to him being found guilty of stealing more than $100 million from the Bermuda-registered $40 billion conglomerate.
He gave a television interview to the C...
DATE: Mar 27, 2007
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AUTHOR:
Scott Neil
Bermuda’s reinsurance market claimed $11.6 billion in net income during 2006 compared to the hurricane-ravaged losses of 2005 when there was a $2.1bn net loss.
ACE led the way, accounting for 31 percent of the gross written premiums last year (see pi...
DATE: Mar 27, 2007
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AUTHOR:
Scott Neil
The financial strength of Hamilton-based Elwood Insurance Limited has been upgraded from B+ to B++ by rating agency AM Best, which has also issued a credit rating of “bbb.”The outlook for both ratings is stable.In a statement AM Best said the ratings...
DATE: Mar 27, 2007
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Max Re gets approval
Max Re Capital has received regulatory approval from the Delaware Department of Insurance to acquire a US-based excess and surplus lines company.
As it announced last December the proposed new Max subsidiary is expected to comple...
DATE: Mar 27, 2007
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The Bermuda Stock Exchange last week announced the approval of the listing of the non-voting participating shares of the Butterfield Select Invest Fund Limited. The listing was effective from January 31.
The fund was initially incorporated in Bermuda...
DATE: Mar 27, 2007
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NEW YORK (AP) — Citigroup Inc. expects to have completed its corporate cost review by mid-April, company officials said yesterday, as published reports suggested the nation’s largest bank was considering cutting about 15,000 jobs.The Wall Street Jour...
DATE: Mar 27, 2007
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