49296 results returned for search: "" category ("Other" AND "Business")
Endurance Specialty Holdings Ltd. yesterday announced the retirement of Steven W. Carlsen as chief operating officer effective June 1.
Mr. Carlsen, who has been with Endurance since its inception, will join the board of directors and will sit on the...
DATE: Feb 17, 2006
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Omega Underwriting Holdings PLC said its newly formed subsidiary in Bermuda, Omega Specialty Insurance Company Ltd, has now started to trade following authorisation by the Bermuda Monetary Authority as a Class 3 insurer, AFX News reported.
Omega Spec...
DATE: Feb 16, 2006
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WASHINGTON (Reuters) - Republican Sen. Arlen Specter said yesterday the asbestos compensation bill he is co-sponsoring is ?very much alive? and that Senate Majority Leader Bill Frist told him there would be another vote on it.
The bill to create an i...
DATE: Feb 16, 2006
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STOCKHOLM, Sweden (AP) ? Financial-services company Old Mutual PLC has nominated its chief financial officer to become chief executive of newly acquired Swedish insurer Skandia and also announced a near-complete reshuffle of its board of directors.
T...
DATE: Feb 16, 2006
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NEW YORK (Bloomberg) ? Institutional investors already claiming securities fraud by Tyco International Ltd. filed a new lawsuit to keep the company from breaking up as planned.
The new suit, seeking class-action status, was filed yesterday in New Ham...
DATE: Feb 16, 2006
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Limited increases in reinsurance premiums in the January renewal season have forced ratings firm A.M. Best to extend its negative outlook on the Bermuda and US reinsurance markets for 2006.
The ratings agency said yesterday that after completing its ...
DATE: Feb 16, 2006
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Butterfield Bank, the Island?s oldest financial services firm, yesterday said profit surged 20 percent last year, as the bank benefited from its highest ever increase in interest income.
Across the group, results varied: Net income in the Bermuda ope...
DATE: Feb 16, 2006
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NEW YORK (Bloomberg) ? Two former Refco Inc. employees said there were times the company failed to execute trades on behalf of customers because it had used the securities in client accounts to support other transactions.
The employees, Adam Weis and...
DATE: Feb 16, 2006
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AXIS Capital Holdings Limited yesterday announced that Trident II, L.P. and related entities will sell 3,150,000 of AXIS Capital's common shares in a block trade (plus any additional shares that may be sold upon exercise of the underwriter's option t...
DATE: Feb 16, 2006
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MUNICH (Bloomberg) ? Munich Re, the world?s largest reinsurer, said rates for property and casualty contracts renewed in January rose three percent after the 2005 record hurricane season.
Munich Re renewed 66 percent of its traditional non- life rein...
DATE: Feb 16, 2006
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