49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) ? Aon Corp., the world?s second-largest insurance broker, sued startup competitor Integro Ltd., accusing it of a ?campaign to pirate? Aon employees.
Integro has hired 15 Aon employees since August, starting with Gary Marchitello,...
DATE: Feb 28, 2006
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PXRe suffered another downgrade on Friday with A.M. Best cutting the Bermuda-based property-catastrophe reinsurer?s financial strength rating to B+ from B++ and the issuer credit ratings to ?bbb-? from ?bbb?. Best also downgraded PXRe?s ICR to ?bb-? ...
DATE: Feb 28, 2006
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Almost two years after being subpoenaed to testify before US Securities and Exchange enforcement officers in a market manipulation probe, the managing director of Lines Overseas Management has agreed to comply. Scott Lines has asked a US Court, howev...
DATE: Feb 28, 2006
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4Q net loss of $103.3 million, or $1.94 a share, compared to a profit of $49.9 million during the same period a year ago
Platinum sold net policies of $390.8 million, down one percent compared to $394.9 million in the same period a year ago
The compa...
DATE: Feb 28, 2006
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Bermuda may have reached the stage where the costs of further economic growth will outweigh the benefits, economist Craig Simmons warns.
Mr. Simmons said Government has not developed a macro-economic vision for the Island. ?When I think about the pri...
DATE: Feb 28, 2006
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The Minister of Finance Paula Cox tabled an amendment to the Bermuda Small Business Development Corporation Act 1980 increasing by 50 percent the total amount the Corporation can guarantee.
The Minister told the House of Assembly last week the amendm...
DATE: Feb 28, 2006
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The head of Lines Overseas Management?s audit committee has resigned as a director of the company.
The company did not disclose the reason behind the resignation of Susan D. Wilson, who is also chief executive officer of Masters Ltd.
LOM CFO and Exec...
DATE: Feb 27, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 72.241 points last week to close at 4,328.12.
During an active week of trading MediaHouse gained $6.55 to close at $6.55 as investors traded in 940 shares and MediaHouse PFD gained $3.75 to close at...
DATE: Feb 27, 2006
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Investors in the insurance sector won?t be scared off by a few losses, industry experts said last week.
?Investors don?t mind losses? said Mike Millette, a managing director of Goldman Sachs & Co., at the World Insurance Forum in Bermuda last week, b...
DATE: Feb 27, 2006
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Investors are pouring more money into insurance-linked investments, putting some $2 billion into the little-known sector since the beginning of the year, a managing director of Goldman Sachs & Co. said last week.
At the same time, a continued converg...
DATE: Feb 27, 2006
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