49296 results returned for search: "" category ("Other" AND "Business")
(Bloomberg) Frontline Ltd., the world?s second- largest oil-tanker company, may post a fifth consecutive drop in quarterly profit as increased debt and falling returns from the company?s older ships weigh on earnings.
Net income probably slipped 28 ...
DATE: Aug 22, 2006
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(Bloomberg) -- Willis Group Holdings Ltd., the world's third largest insurance brokerage, will consolidate all of its New York office space at One World Financial Center under a lease it signed today with landlord Brookfield Properties Corp.
The comp...
DATE: Aug 22, 2006
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Moody's Investors Service yesterday warned potential buyers of Scottish Re that the company risks running out of liquidity before a sale occurs as the rating agency issued more downgrades to the reinsurer on concerns about collateral and liquidity.
M...
DATE: Aug 22, 2006
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LONDON (Reuters) ? Leading European reinsurers Munich Re, Hannover Re and Swiss Re will be interested in acquiring the ailing Bermuda-based life reinsurer Scottish Re, say industry players and analysts.
Scottish Re has said it is looking at the possi...
DATE: Aug 21, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 248.535 points last week to close at 4,900.50.
During a moderate week of trading Argus led the advances gaining 25 cents to close at $14.25 as investors traded in 4,622 shares.
Bermuda Commercial Ba...
DATE: Aug 21, 2006
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has announced the grand opening of a branch office in Chicago, Illinois by its subsidiary, Newmarket Underwriters Insurance Company.
The office first opened in November, 2005 to satisfy a growing demand for direct insurance within the region. Allied ...
DATE: Aug 21, 2006
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The so called Tax Reduction Act of 2006 effectively was a Tax Increase Act for US citizens residing in Bermuda. This tax legislation significantly increased the US Federal individual income tax for US citizens residing in Bermuda. A question that man...
DATE: Aug 21, 2006
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Quanta Capital Holdings Ltd.'s internal controls over financial reporting are ineffective, the embattled Bermuda-based insurer and reinsurer admitted in a regulatory filing last week.
Quanta, which has been exploring strategic alternatives for its bu...
DATE: Aug 21, 2006
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MediaHouse, which last week reported a loss for its 2005 financial year, said it made a profit of 84 cents per share for the first six months of 2006.
Releasing the results just two days after it released its full year results, Media House, which own...
DATE: Aug 21, 2006
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Fitch Ratings said on Friday it was keeping embattled Bermuda reinsurer PXRE on ratings watch, citing continued uncertainty about the company?s future viability.
Fitch made the announcement after PXRE posted net income before convertible preferred sh...
DATE: Aug 21, 2006
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