49296 results returned for search: "" category ("Other" AND "Business")
It was a story of two banks as the more than $12 million-worth of shares changed hands on the Royal Gazette / Bermuda Stock Exchange lifting the index 106.58 points (2.14 percent) to 5,091.49.
After Moody gave favourable a updated financial strength ...
DATE: Mar 08, 2007
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NEW YORK (Reuters) — A popular investment strategy where investors borrow cheaply in yen to buy higher-yielding assets elsewhere can only continue for so long, former Federal Reserve chairman Alan Greenspan said yesterday.The strategy, known as the y...
DATE: Mar 08, 2007
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A.M. Best has affirmed the financial strength rating of A- (excellent) and the issuer credit rating (ICR) of “a-” of ‘class of 2005’ reinsurer Validus Reinsurance Limited.
In a statement yesterday, the ratings agency said the company had successfully...
DATE: Mar 08, 2007
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Twelve million dollars worth of shares in Butterfield Bank were traded on the Royal Gazette / Bermuda Stock Exchange yesterday in the wake of the local bank being given a favourable upgrading of its financial strength by rating agency Moody’s.
The ba...
DATE: Mar 08, 2007
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AUTHOR:
Scott Neil
Ace Ltd. CEO Evan Greenberg told a Institutional Investor conference this week that the insurance industry was “well into the early stages of a soft market”.
“For renewals, prices continue to soften (fall) globally, and the rate of decline has accele...
DATE: Mar 08, 2007
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Max Re is seeking shareholder approval to change the company’s name from Max Re Capital Limited to Max Capital Group Limited at the company’s 2007 annual general meeting of shareholders to be held on May 4.
The decision reflects the company’s strateg...
DATE: Mar 08, 2007
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About 1,500 writers are due to finish tomorrow what Penguin is claiming will be the world’s first ‘wiki’ novel, so get your two bits in now if you’re a budding author.The web-based, collaborative novel is based on the same principle and technology dr...
DATE: Mar 07, 2007
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AUTHOR:
Ahmed Elamin
Butterfield Bank has received improved ratings from financial research and analysis specialists Moody’s, underlining its status as the Island’s leading local bank.
Its long-term deposit rating has gone up three notches from a “upper-medium” low risk ...
DATE: Mar 07, 2007
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AUTHOR:
Scott Neil
NEW YORK (AP) — Wall Street rebounded as investors were encouraged by a recovery on world markets and moved to recoup some of the big losses suffered in last week’s sharp pullback. The Dow Jones industrials rose more than 150 points.Investors came of...
DATE: Mar 07, 2007
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Bermuda’s regulation of its insurance industry needs to be upgraded to world-class to maintain the Island’s place as a leading jurisdiction, says Ace Ltd. chief executive officer Evan Greenberg.
While financial regulatory body the Bermuda Monetary Au...
DATE: Mar 07, 2007
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