49296 results returned for search: "" category ("Other" AND "Business")
The Royal Gazette/Bermuda Stock Exchange Index reached an all-time high yesterday gaining 21.99 points to close at 4,222.62
On an light day of trading Butterfield Bank rose 45 cents to close at $53 as investors traded in 281 shares and while no other...
DATE: Feb 10, 2006
|
CATEGORY:
Other
|
When Jeffrey Greenberg and Ed Noonan got together last September to brainstorm on setting up a new reinsurer, where to form the company was pretty much a given.
?The people were here, the business was here: This was the logical place to come,? Mr. No...
DATE: Feb 10, 2006
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) ? JPMorgan Chase & Co., the third-biggest US bank, agreed to sell Chase Insurance Group to Protective Life Corp. for $1.2 billion in cash, following rival Citigroup Inc. out of underwriting life insurance. The sale frees JPMorgan...
DATE: Feb 09, 2006
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) ? VR Global Partners LP, which is owed more than $700 million by Refco Capital Markets Ltd., asked a US judge to delay deciding whether to liquidate the company so negotiations on a plan to repay all customers can proceed.
Custom...
DATE: Feb 09, 2006
|
CATEGORY:
Other
|
Feb. 8 (Bloomberg) -- American International Group Inc., the world's largest insurer, settled a lawsuit against two former executives it accused of using the firm's confidential information to launch rival funds.
AIG last week sued Peter Yu, the ex-p...
DATE: Feb 09, 2006
|
CATEGORY:
Other
|
NEW YORK (Reuters) - American International Group Inc. the world's largest insurer, has agreed to pay $1.6 billion to settle federal and state charges of accounting abuses, sources familiar with the matter said today.
As part of the settlement, the c...
DATE: Feb 09, 2006
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) ? American International Group Inc. won a restraining order after accusing an insurance agency controlled by ousted Chairman Maurice (Hank) Greenberg of entering into an unauthorised contract with Berkshire Hathaway Inc.
The orde...
DATE: Feb 09, 2006
|
CATEGORY:
Other
|
Overseas Partners, Ltd., a Bermuda reinsurer that closed its doors to new business four years ago, is in the final stages of being wound up.
Creditors were given notice this week to get claims into the company?s liquidators by the end of March, a ste...
DATE: Feb 09, 2006
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) ? Tyco International Ltd., a conglomerate that operates hundreds of subsidiaries, said it received a US Securities and Exchange Commission subpoena for information about any participation in the United Nations? Iraq oil-for-food ...
DATE: Feb 09, 2006
|
CATEGORY:
Other
|
The Royal Gazette/Bermuda Stock Exchange Index yesterday rose 10.86 points to close at 4,200.63. Shareholders of Butterfield Bank pushed up the stock's price by five cents on the trading of 4,676 shares. The stock closed at $52.55. BELCO Holdings Ltd...
DATE: Feb 09, 2006
|
CATEGORY:
Other
|
