49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Reuters) ? Widespread price hikes across the reinsurance business, which had been anticipated in the wake of last year?s hurricane claims that could reach $80 billion, have not materialised, a top reinsurance broker said yesterday.
The chief ...
DATE: Jan 13, 2006
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Tyco International Ltd.?s board yesterday voted to split into three companies, dismantling the conglomerate built by jailed former Chief Executive Officer Dennis Kozlowski, according to a person familiar with the decision.
Tyco?s health-care and elec...
DATE: Jan 13, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 2.34 points yesterday to close at 3,881.69.
On a day of light trading LOM fell 20 cents to close at $2.80 as investors traded in 900 shares.
While no other issue changed price, Butterfield Bank trad...
DATE: Jan 12, 2006
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NEW YORK (Bloomberg) ? The US should cut the cost of insuring against disasters such as Hurricane Katrina and the September 11 terrorist attacks by abandoning measures that protect domestic reinsurers, said Peter Levene, chairman of Lloyd's of London...
DATE: Jan 12, 2006
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Bermuda-based Aspen Insurance Holdings Ltd. has closed the sale of an additional 600,000 of its 5.625 percent Perpetual Preferred Income Equity Replacement Securities (Perpetual PIERS) with a liquidation preference of $50 per security, following the ...
DATE: Jan 12, 2006
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Bermuda-based reinsurer Quanta Capital Holdings yesterday revealed its net losses related to a ruptured oil pipeline will be $4.9 million more than the $7.5 million it previously estimated.
Quanta has also suffered the departure of another senior exe...
DATE: Jan 12, 2006
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LONDON (Bloomberg) ? Bermuda-based Griffin Mining Ltd., which mines zinc in China, said it may start exporting the metal to take advantage of higher international prices, including on the London Metal Exchange.
?For the past six weeks, Chinese metal ...
DATE: Jan 12, 2006
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Standard & Poor?s Ratings Services announced from its Tokyo office that it has assigned its ?A-? insurer financial strength rating to New Century Insurance Co. Ltd. and placed the rating on CreditWatch with positive implications.
?Because New Century...
DATE: Jan 12, 2006
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The managing director of Lines Overseas Management has taken a position against his older brother, former LOM president and director Brian Lines, in an application scheduled to heard by Bermuda Supreme Court tomorrow.
Scott Lines? affidavit supports ...
DATE: Jan 12, 2006
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With its upwardly mobile demographic alternative jazz station KJAZ 98.1FM, is carving a niche in Bermuda?s competitive broadcasting market.
In January, Marshall Griffin joined the station as the mid-day contemporary jazz personality and in December V...
DATE: Jan 12, 2006
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