49296 results returned for search: "" category ("Other" AND "Business")
DATE: Mar 01, 2007
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CATEGORY:
Other
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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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CATEGORY:
Other
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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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CATEGORY:
Other
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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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CATEGORY:
Other
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AUTHOR:
Scott Neil
The Royal Gazette / Bermuda Stock Exchange continued to show little reaction to the turmoil on major exchanges around the world as it moved less than two points to end another quiet day just 1.82 points lower (0.04 percent) at 4,994.10.
A total of 1,...
DATE: Mar 01, 2007
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CATEGORY:
Other
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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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CATEGORY:
Other
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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 Federal Tribunal has ruled that IPOC does not have ownership...
DATE: Mar 01, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Royal Gazette / Bermuda Stock Exchange continued to show little reaction to the turmoil on major exchanges around the world as it moved less than two points to end another quiet day just 1.82 points lower (0.04 percent) at 4,994.10.
A total of 1,...
DATE: Mar 01, 2007
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CATEGORY:
Other
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Converium Holding Ltd. received the credit rating upgrade it had sought for more than two years, boosting the Swiss reinsurer's defence against a hostile takeover attempt by French rival Scor SA., Bloomberg News reported.
Standard & Poor's increased ...
DATE: Mar 01, 2007
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CATEGORY:
Other
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Bermuda insurer BF&M Ltd. is branching out farther into the Caribbean.
Yesterday, the company’s chief executive officer John Wight said BF&M Life Insurance Company had struck a deal with LIV Insurance Brokers and Agents of the Bahamas.
The agreement ...
DATE: Feb 28, 2007
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
