49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) ? Axis Capital Holdings Ltd. said a private equity fund that is one of its founding investors will sell 3 million shares.
Trident II, L.P. and related companies will sell the stake, or about two percent of Axis? outstanding shares,...
DATE: Dec 14, 2006
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A bill bringing in a code of conduct for the insurance industry was passed with all-party support yesterday.
Finance Minister Paula Cox said it would allow the Bermuda Monetary Authority to hold the industry accountable.
She said the Insurance Amendm...
DATE: Dec 14, 2006
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SYDNEY (Bloomberg) — QBE Insurance Group Ltd., Australia’s largest property and casualty insurer, agreed to buy Praetorian Financial Group Inc. from Hannover Re for $800 million in its biggest purchase, more than doubling sales in the US.The acquisit...
DATE: Dec 14, 2006
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Government yesterday passed a bill increasing Bermuda Monetary Authority fees for banks, trusts and insurers to help fund 30 new globe-trotting regulators.
Minister of Finance Paula Cox said the additional manpower was needed following the Internatio...
DATE: Dec 14, 2006
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FRANKFURT (Reuters) — German reinsurer Hannover Re said it would use the cash freed up by the sale of U.S. unit Praetorian to assume more lucrative reinsurance risks, which could boost its 2007 returns.
Shares in the world's fourth-largest reinsurer ...
DATE: Dec 14, 2006
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LONDON (Bloomberg) — Bermuda-based Frontline Ltd., the world’s biggest oil-tanker owner by capacity, said it will convert a vessel into a heavy-lift ship to benefit from rising oil-rig construction.The tanker Front Target will be converted between Ma...
DATE: Dec 14, 2006
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LONDON (Bloomberg) — European Commission rules banning pricing alliances between shipping companies may trigger a "price war" and mergers among container lines, Clyde & Co. said.Operators such as A.P. Moeller-Maersk A/S, the world's biggest shipping ...
DATE: Dec 14, 2006
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TORONTO (Bloomberg) — Canadian stocks rose for the first time in four days as energy producers including EnCana Corp. advanced on higher oil prices.“The energy sector still looks good,” said Ian Nakamoto, director of research at MacDougall, MacDougal...
DATE: Dec 14, 2006
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The Royal Gazette/Bermuda Stock Exchange Index jumped 52.18 points or more than one percent yesterday in light trading.
The index closed at 4,934.27 on volume of 3,349 shares worth $58,218.
Watlington Waterworks led gainers, rising $1.40 or 11.1 perc...
DATE: Dec 14, 2006
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The Royal Gazette/Bermuda Stock Exchange Index jumped 52.18 points or more than one percent yesterday in light trading.
The index closed at 4,934.27 on volume of 3,349 shares worth $58,218.
Watlington Waterworks led gainers, rising $1.40 or 11.1 perc...
DATE: Dec 14, 2006
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CATEGORY:
Other
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