49296 results returned for search: "" category ("Other" AND "Business")
The Royal Gazette/Bermuda Stock Exchange Index yesterday fell 24.46 points to close at 4,426.52.
On a quiet day on the Exchange, Butterfield Bank fell 50 cents to close at $57 as investors traded in 1,421 shares.
The only other activity saw Belco tra...
DATE: Jun 06, 2006
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Insurance companies are soon to be subjected to more regular financial checks, Bermuda?s insurance regulator says, under an Insurance Act amendment due to be considered by legislators as early as this summer.
The change will shift the focus from init...
DATE: Jun 06, 2006
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NEW YORK (Reuters) ? Shares of Everest Re Group Ltd. should benefit from the 2006 US storm season that began on June 1, as the reinsurer should write a lot of high-priced policies at renewal time, Barron?s reported yesterday.
According to Barron?s, B...
DATE: Jun 06, 2006
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Bermuda insurance regulator Jeremy Cox is thinking a step ahead.
He hasn?t yet seen legislators put ink to paper to make law plans to increase the regulatory checks his division makes on Bermuda-based insurers, but he is already plotting the next reg...
DATE: Jun 06, 2006
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LONDON (Bloomberg) ? UK insurers need to embrace new underwriting and pricing strategies or ?risk being swept away? by the costs of climate change, said Lloyd?s of London.
Insurers have not taken environmental threats such as greenhouse gases and ris...
DATE: Jun 06, 2006
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DALLAS (Bloomberg) ? Municipal bond insurers may sue issuers, underwriters and attorneys for fraudulent disclosure under a court ruling that gave insurers the same status as bondholders, a federal appeals court ruled.
New York-based Financial Securit...
DATE: Jun 06, 2006
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NEW YORK (Bloomberg) ? Bawag PSK Bank agreed to pay at least $675 million to avoid prosecution in the Refco Inc. fraud case, the US government said.
The Securities and Exchange Commission said yesterday in New York it sued Bawag and immediately settl...
DATE: Jun 06, 2006
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PORTLAND, Oregon (AP) ? Allstate Insurance Co. says it is dropping earthquake insurance to most of its 407,000 quake customers nationwide as a part of a larger move to reduce exposure to catastrophic losses.
Allstate spokesman Mike Siemienas in Chica...
DATE: Jun 06, 2006
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The Royal Gazette/Bermuda Stock Exchange Index gained 55.11 points last week to close at 4,450.97
During a quiet of week of trading Argus was the only issue to advance, gaining $2.25 to close at $14.25 as investors traded in 2,300 shares.
BFM fell $1...
DATE: Jun 05, 2006
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VIENNA (Reuters) ? Troubled Austrian bank BAWAG P.S.K., its owner, and US lawyers and prosecutors are in the process of signing a deal to settle lawsuits of at least $1.3 billion against BAWAG, the bank?s owner said on Friday.
BAWAG?s owner, trade un...
DATE: Jun 05, 2006
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