49296 results returned for search: "" category ("Other" AND "Business")
The Ace Group of Companies this week said it had appointed Robert Brack senior vice-president of claims services for Ace Overseas General, the company's international network of insurance operations.
Based in Philadelphia, Mr. Brack will report to Ro...
DATE: Dec 20, 2006
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LONDON (Reuters) ? Tough regulation, arcane accounting and complex risks have made insurers a tricky target for private equity investors.
But, under increased pressure to put their growing capital piles to work and facing stiffer competition for attr...
DATE: Dec 20, 2006
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The Royal Gazette/Bermuda Stock Exchange Index closed unchanged yesterday three issues traded without changing price.
KeyTech Ltd. saw the heaviest activity as 5,600 shares changed hands for $15.50 while Butterfield Bank closed at $56.25 on volume of...
DATE: Dec 20, 2006
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NEW YORK (Reuters) — Grace Brothers Ltd., a shareholder of Bermuda-based Scottish Re Group Ltd. (SCT.N), said yesterday it has urged the embattled reinsurer to reconsider alternatives to its planned transaction with MassMutual Capital Partners LLC an...
DATE: Dec 20, 2006
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Bermuda’s fund administrators are to be licensed for the first time as a result of the Investment Funds Act 2006 — and the Bermuda International Business Association (BIBA) has given a warm welcome to the new law.BIBA said yesterday the Act clarified...
DATE: Dec 20, 2006
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AUTHOR:
Jonathan Kent
CHICAGO (Dow Jones/AP) ? Going against the trend of insurers cutting back coverage for homeowners who live in storm-exposed areas, Chubb Corporation said yesterday it will begin offering excess flood coverage policies for the coasts of Florida, New Y...
DATE: Dec 20, 2006
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NEW YORK (Bloomberg) — New York Governor-Elect Eliot Spitzer has nominated Eric Dinallo as superintendent of insurance, reuniting with a former deputy whose probes of Wall Street research helped Spitzer gain prominence as attorney general.Dinallo, 43...
DATE: Dec 20, 2006
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Ian Roger Heap, the first chairman and chief executive officer of XL Insurance Company Ltd., has died at the age of 81, following a short illness. Brian O?Hara, CEO of what is now known as the XL Capital group of companies, has expressed his profound...
DATE: Dec 20, 2006
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LONDON (Bloomberg) — A former senior banker at HSBC Holdings Plc lost his appeal of a gay discrimination case against the lender, in the largest UK lawsuit of its kind.
Peter Lewis, HSBC’s former global head of equities trading, brought a $5 million ...
DATE: Dec 20, 2006
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A new player in the burgeoning Bermuda reinsurance industry was unveiled yesterday, as Harbor Point Limited announced the formation of retro vehicle New Point Re Limited.
New Point, a Bermuda Class 3 reinsurance company, will be capitalised with appr...
DATE: Dec 20, 2006
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
