49296 results returned for search: "" category ("Other" AND "Business")
Bermuda reisnurer Arch Capital said yesterday its board authorised the repurchase of $1 billion of common shares. Repurchases under the programme may be effected from time to time in open market or privately negotiated transactions through February 2...
DATE: Mar 02, 2007
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There is no such thing as a level playing field among quality financial services centres, Bermuda Monetary Authority (BMA) chief executive officer Cheryl Lister said on Wednesday. ?Bermuda has to look out for its own interests, and we cannot count on...
DATE: Mar 02, 2007
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US lawmakers were yesterday warned that failure to extend the federal terrorism insurance backstop could be “economically devastating”.
Two leading insurance brokers and agents told the US Senate Committee on Banking, Housing and Urban Affairs that a...
DATE: Mar 01, 2007
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AUTHOR:
Jonathan Kent
Bermuda-based American Safety Insurance Holdings last night reported a 42 percent increase in fourth-quarter net earnings to $6.4 million, or $0.59 per share.
An earnings statement from the company said attributed the increase primarily to increased ...
DATE: Mar 01, 2007
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The owners of an immense $1.1-billion undersea cable network that carries internet and other telecommunications from Bermuda to the world do not believe the Island is ever likely to be stranded without a useable cable link.
However, Brasil Telecom ha...
DATE: Mar 01, 2007
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AUTHOR:
Scott Neil
NEW YORK (Reuters) - US stocks rebounded after Federal Reserve Chairman Ben Bernanke said the economy was set to grow moderately, calming investors’ anxiety a day after the Dow industrials had its worst tumble since the September 11, 2001 attacks.But...
DATE: Mar 01, 2007
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A US Senator who is suing an insurance company over a claim made after he lost his home during Hurricane Katrina is behind proposed legislation that would eradicate the insurance industry’s limited antitrust exemption.
State Farm refused to pay Senat...
DATE: Mar 01, 2007
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The Bermuda-based IPOC International Growth Fund ? which is facing a winding up order from Finance Minister Paula Cox ? has been dealt another legal blow in a case in Switzerland.
The Swiss Supreme Court has ruled that IPOC does not have ownership ri...
DATE: Mar 01, 2007
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AUTHOR:
Jonathan Kent
Shareholders of troubled life reinsurance specialist Scottish Re will gather in Hamilton tomorrow to decide the future of the business that suffered a net loss of $368.3 million in 2006.
A $600-million lifeline is available if shareholders vote to ac...
DATE: Mar 01, 2007
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AUTHOR:
Scott Neil
Bermuda Microsystems has teamed up with global information management company EMC to run a free seminar in Bermuda later this month, covering critical information management topics.
Subjects covered at the event, to be held on March 13 at the Fairmon...
DATE: Mar 01, 2007
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