49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Reuters) - XL Capital Ltd., a reinsurer, said on Tuesday it priced an offering of 33.8 million ordinary shares at $65 a share.
XL will also sell $745 million of equity security units at $25 per unit, the company said. The units consist of f...
DATE: Dec 08, 2005
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MONTREAL (Reuters) ? With devastating Hurricanes Katrina and Wilma in the United States and never-before-seen hurricanes approaching Europe, the world in 2005 will show the highest-ever financial losses for weather-related natural disasters.
Economic...
DATE: Dec 08, 2005
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The Court of Appeal for Bermuda has upheld the right of F.G. Hemisphere Associates to enforce a judgment against the State of Congo (DRC) and its government department, the Office Congolaise des Postes et Telecommunications.
The case ended up on appe...
DATE: Dec 08, 2005
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Platinum Underwriters this week raised $295 million from the sale of shares as it moved to recapitalise following this year's hiurricane season.
And original investor RenaissanceRe also raised $125 million from the sale of its take in the company.
Pl...
DATE: Dec 08, 2005
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JAKARTA (Bloomberg) ? Indonesia?s Supreme Court upheld a ruling that Frontline Ltd. colluded with officials at the state oil company and Goldman Sachs Group Inc. to buy two supertankers for below-market prices in 2004.
Pertamina hired Goldman in 2004...
DATE: Dec 08, 2005
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NEW YORK (Reuters) ? The National Association of Insurance Commissioners (NAIC) voted yesterday to support a national catastrophe plan that would create a fund to handle disasters like Hurricane Katrina.
Katrina, which hit the Gulf Coast on August 9,...
DATE: Dec 08, 2005
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WASHINGTON (Reuters) ? The US House of Representatives yesterday voted overwhelmingly in favour of extending a federal programme that guarantees the government will cover some losses from terrorist attacks, a measure that insurers and property owners...
DATE: Dec 08, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 2.44 points yesterday to close at 3,901.01.
On a quiet day on the Exchange, Butterfield Bank gained five cents to close at $46.55 as investors traded in 12,279 shares. No other issues changed pric...
DATE: Dec 08, 2005
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Opposition leader Grant Gibbons is questioning how convicted felon Vidya Sharma was able to establish a mutual fund in Bermuda five years ago.
That fund ? IPOC International Growth Fund ? which is at the centre of a number of international money laun...
DATE: Dec 08, 2005
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Small countries like Bermuda can be easily forgotten in a globalised world, a top employers official warned yesterday.
International Organisation Of Employers Deputy Director Brent Wilson told the Bermuda Employers Council annual general meeting that...
DATE: Dec 08, 2005
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