49296 results returned for search: "" category ("Other" AND "Business")
Troubled reinsurer Scottish Re has delayed by one week an extraordinary meeting of shareholders to vote on a take-over of the business after another twist in its downward fortunes following fourth quarter losses of $231.6 million.
Within hours its fi...
DATE: Feb 22, 2007
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AUTHOR:
Scott Neil
NEW YORK (AP) — Bermuda-based reinsurance company RenaissanceRe Holdings Ltd. said that it will pay $13.5 million to settle a consolidated class action securities lawsuit.The settlement does not involve an admission of liability by the company, accor...
DATE: Feb 22, 2007
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A day of decline on the Royal Gazette / Bermuda Stock Exchange saw the market close below 5,000 points for the second time this week.
There was a 45.03 point fall (0.90 percent) as the market slid to 4,981.30 on a day when shares valued at $572,230 w...
DATE: Feb 22, 2007
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Florida homeowners? relief at the decision of the state to take on much of the catastrophe loss risk reminds one Bermuda reinsurance boss of people ?drinking champagne on the stern of the ?.
IPC Holdings Ltd. president and chief executive officer Jim...
DATE: Feb 22, 2007
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AUTHOR:
Jonathan Kent
US Presidential hopeful Barack Obama is one of three senators who have proposed legislation that seeks to recover an estimated $100 billion a year in tax revenue they say is lost each year because of overseas tax havens.
The Stop Tax Haven Abuse Act ...
DATE: Feb 22, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Troubled reinsurer Scottish Re has delayed by one week an extraordinary meeting of shareholders to vote on a take-over of the business after another twist in its downward fortunes following fourth quarter losses of $231.6 million.
Within hours its fi...
DATE: Feb 22, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Everest Re yesterday announced that its regular quarterly dividend will double to $0.48 per share. This dividend will be payable on or before March 23, 2007 to shareholders of record as of March 5, 2007.
Chairman and chief executive officer Joseph Ta...
DATE: Feb 22, 2007
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The settlement does not involve an admission of liability by the company, according to a filing with the Securities and Exchange Commission on Tuesday.
Part of the settlement is expected to be offset by insurance recoveries.
The settlement is subject...
DATE: Feb 22, 2007
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A 16-page advertising feature on Bermuda is to appear in the US financial magazine SmartMoney.
?Bermuda: The Best of Both Worlds? has been produced by the Bermuda International Business Association (BIBA), the Ministry of Finance, the Bermuda Stock E...
DATE: Feb 22, 2007
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Everest Re yesterday announced that its regular quarterly dividend will double to $0.48 per share. This dividend will be payable on or before March 23, 2007 to shareholders of record as of March 5, 2007.
Chairman and chief executive officer Joseph Ta...
DATE: Feb 22, 2007
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CATEGORY:
Other
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