49296 results returned for search: "" category ("Other" AND "Business")
FRANKFURT (Bloomberg) ? Munich Re, the world?s biggest reinsurer, said its claims from two hurricanes that hit the US in the past month may total $1.6 billion after it almost tripled an estimate of losses from Katrina.
The company?s net costs from th...
DATE: Sep 29, 2005
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Axis Capital Holdings Ltd. can sell $250 million in preferred shares, it said in an after-market statement last night.
The Bermuda reinsurance and insurance company has applied to list the 7.25 percent Series A Preferred Shares on the New York Stock ...
DATE: Sep 29, 2005
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NEW YORK (Bloomberg) - American International Group Inc. Chief Executive Officer Martin Sullivan said insurers, battered by Hurricane Katrina's devastation in the Gulf of Mexico last month, are raising commercial property rates around the world.
"We ...
DATE: Sep 29, 2005
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A.M. Best has placed the financial strength and debt ratings of the operating subsidiaries of Bermuda-based RenaissanceRe Holdings Ltd. under review with negative implications.
The ratings action against subsidiaries including Renaissance Reinsurance...
DATE: Sep 29, 2005
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NEW YORK (Bloomberg) ? American International Group Inc., stripped of its AAA credit rating amid an accounting probe this year, won?t try to regain the rating, even as borrowing costs rise, Chief Financial Officer Steven Bensinger told investors.
?It...
DATE: Sep 29, 2005
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Visitors to the Bermuda Society of the Arts may do a double take when they see a Van Gogh amidst the paintings in the City Hall gallery's latest exhibition.
The print on plastic actually shields a five inch thick air conditioning unit ? a cool new wa...
DATE: Sep 29, 2005
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Ongoing discussions have a reached a critical stage over Government's plans to enforce premium compensation for working past 40 hours a week, Vice President of the Chamber of Commerce Philip Barnett said yesterday.
Attempts by Government to enforce p...
DATE: Sep 29, 2005
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The Royal Gazette/Bermuda Stock Exchange Index yesterday edged up 5.48 points, or 0.15 percent, as Bank of Butterfield shares remained unchanged at $45.25.
The only issue to see any activity was Bermuda Commercial Bank Ltd., which closed up $1 on vol...
DATE: Sep 29, 2005
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RenaissanceRe Holdings Ltd. shares slid more than three percent yesterday after the Bermuda-based property-casualty reinsurer said the US Securities and Exchange Commissions had issued a third ?Wells Notice? in connection with an ongoing investigatio...
DATE: Sep 28, 2005
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BIBA gets new marketing manager
Susan V. Attride Stirling has joined the Bermuda International Business Association as its new marketing manager.
With almost 20 years experience in the marketing and development of financial services and products, she...
DATE: Sep 28, 2005
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