49296 results returned for search: "" category ("Other" AND "Business")
Ace Ltd. has issued an apology acknowledging improper conduct and has agreed to adopt a series of sweeping reforms of its business practices as part of its $80 million settlement of bid-rigging and accounting probes, documents on the settlement show....
DATE: Apr 27, 2006
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These are details of how Ace improperly used non-traditional and finite reinsurance to enhance its earnings and those of clients, according to the settlement agreement between Ace and the three Attorneys General of US states:
In at least six separate...
DATE: Apr 27, 2006
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NEW YORK (Reuters) ? Ace Ltd. expects growth to continue throughout the year, chief executive Evan Greenberg said yesterday, a day after the insurance company reported record first-quarter earnings.
Ace also said it will pay $80 million and pledged t...
DATE: Apr 27, 2006
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Insurance rates are likely to fall over 2006, including for property policies which have been rising in price since last year?s hurricanes, a research firm says.
Property insurance rates climbed 6.9 percent during the first three months of the year, ...
DATE: Apr 26, 2006
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Ace Limited reported record first quarter income of $489 million compared to $437 million in the same quarter last year.
The Bermuda-based company was impacted during the quarter by an $80 million settlement over probes of insurance industry business...
DATE: Apr 26, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 12.21 points yesterday to close at 4,394.15.
On a quiet day on the Exchange, the only issue to change price saw Buttefield Bank decline 25 cents to close at $56.25 as investors traded in 2,899 share...
DATE: Apr 26, 2006
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Here is a study that is of interest to all of us who spend a lot of our hours before a computer screen. The British Journal of Occupational and Environmental Medicine reported in its April 18 issue a study supporting the use of large arm boards to si...
DATE: Apr 26, 2006
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AUTHOR:
Ahmed Elamin
WRITS
The Bank of Bermuda Ltd. (formerly Bermuda Home Ltd.) against Charles Kingsford Daniels and Rhita Love Daniels.
Eckford Hamilton against Haromel Beckes.
The Minister of Finance against Jacqueline Wallington trading as the Fortune Corner.
Calls ...
DATE: Apr 26, 2006
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IPC Holdings Ltd. last night posted a 43 percent improvement in its first quarter 2006 earnings and said premiums for US reinsurance had risen, but noted non-US rate increases were not ?robust?.
IPC said it earned $62.6 million in the first three mon...
DATE: Apr 26, 2006
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TORONTO (Bloomberg) ? Portus Alternative Asset Management Inc. co-founders Boaz Manor and Michael Mendelson were accused by Canadian regulators of lying to investors as the hedge fund collapsed last year.
The Ontario Securities Commission charged bot...
DATE: Apr 26, 2006
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