49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Bloomberg) ? Benfield Group Plc, a UK reinsurance broker, said as many as 20 workers in one unit have resigned to join rival Aon Corp., cutting this year?s profit by ?10 million ($18.55 million).
The resignations mean the company ?is no longe...
DATE: Oct 18, 2006
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NEW YORK (Reuters) ? Marsh & McLennan Cos. Inc.?s shares rose as much as four percent yesterday after the Sunday Times of London said that Willis Group Holdings made a bid for Marsh two months ago.
Marsh?s shares closed up $1.06 to $28.40 in early af...
DATE: Oct 17, 2006
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Wellington Underwriting Plc may be the next Lloyd?s of London underwriter to establish a new underwriting platform in Bermuda, according to a report from ratings agency A.M. Best.
Best said at least one London market equity analyst believes Wellingto...
DATE: Oct 17, 2006
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NEW YORK (Bloomberg) ? Sea Containers Ltd., one of Bermuda?s longest standing international companies, sought bankruptcy protection from creditors in the US yesterday after failing to repay $115 million of debt.
The company listed $1.67 billion in as...
DATE: Oct 17, 2006
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NEW YORK (Bloomberg) ? Refco Inc., the futures trader that went bankrupt after its top executive was accused of fraud, can hold a creditors' vote on a plan to exit bankruptcy this year.
US Bankruptcy Judge Robert Drain in New York authorised the vote...
DATE: Oct 17, 2006
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NEW YORK (AP) ? Few Americans have invested in earthquake insurance despite the massive damage that quakes can cause, according to a report released on Friday.
A.M. Best, an insurance rating agency based in Oldwick, New Jersey, looked at the earthqua...
DATE: Oct 17, 2006
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As moves by the Dutch authorities to extradite former Bermuda Commercial Bank (BCB) chairman John Deuss continue, the Bank announced yesterday that it was in talks with a number of potential purchasers.
The Bermuda Stock Exchange yesterday suspended ...
DATE: Oct 17, 2006
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Companies that pursue diversification will be able to build long term success in the reinsurance industry, Hiscox chief executive Bronek Masojada told an international reinsurance conference last week.
The deputy chairman of Lloyd's of London and imm...
DATE: Oct 17, 2006
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Butterfield Bank was the only share to trade on the Bermuda Stock Exchange yesterday ? not it saw more than $1.4 million worth of shares trade.
The Royal Gazette/BSX Index fell 13.35 points to close at 4,869.86 as Butterfield fell 25 cents to $56.25 ...
DATE: Oct 17, 2006
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STOCKHOLM, Sweden (AP) ? A former top executive at Swedish insurer Skandia last week was sentenced to two years in prison for fraud, but was acquitted of bribery charges, court officials said.
Ola Ramstedt, a former deputy chief executive at the Swed...
DATE: Oct 16, 2006
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