49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Bloomberg) ? Clifford Chance, the world?s largest law firm, sued its insurer to recoup part of a settlement it paid to another firm that shut down after accusing Clifford Chance of destroying it by luring away 17 partners.
?Defendant has refu...
DATE: Aug 26, 2005
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XL sells Primus shares
XL Capital and its affiliates have sold more than 250,000 shares in Bermuda-based Primus Guaranty Ltd. in the past week.
XL, an original investor in the surety guaranty insurer, started selling shares on August 15 and has since...
DATE: Aug 26, 2005
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Commercial property rental prices have risen by 30 percent since 2000, according to the latest report by the appraisal team of JW Bermuda Realty.
Commercial property in Hamilton rented at an average of $42 per square foot in 1997 and only increased b...
DATE: Aug 26, 2005
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The Royal Gazette/Bermuda Stock Exchange Index closed unchanged yesterday at 3622.51. Butterfield Bank was the only stock to record any movement. It held at $43.50 after investors traded 7761 shares.
The Bermuda Insurance Index edged up 1.84 points t...
DATE: Aug 26, 2005
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HOUSTON (Bloomberg) ? Kaiser Aluminum Corp. said underwriters with the Lloyd's of London insurance market agreed to pay $137 million to the company under policies covering the costs of asbestos lawsuits.
The settlement, which requires bankruptcy cour...
DATE: Aug 26, 2005
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Writs
A writ has been filed in the matter of Edgewater Providers Insurance Company Ltd. and in the matter of The Companies Act 1981.
A writ has been filed in the matter of The Companies Act 1981 and in the matter of Imupharm Ltd.
A writ has been file...
DATE: Aug 26, 2005
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The Royal Gazette/Bermuda Stock Exchange Index's record setting pace of the last two weeks slowed yesterday as it lost nine points to close at 3,622.51.
The drop came as KeyTech Ltd. ? the parent company of Mobility, BTC, Logic and part owner of Cabl...
DATE: Aug 25, 2005
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OSLO (Bloomberg) ? Bermuda-registered Frontline Ltd., the world?s biggest oil-tanker company by capacity, said second-quarter profit fell 25 percent as freight rates dropped. The company?s shares rose because the decline was less than analysts estima...
DATE: Aug 25, 2005
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HONG KONG (Bloomberg) ? Bermuda-registered Mandarin Oriental International Ltd.?s Landmark hotel opened yesterday in Hong Kong, boasting bigger rooms, music downloads and a two-storey spa, the first salvo in a battle with Four Seasons Hotels Inc. for...
DATE: Aug 25, 2005
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Reinsurers are experiencing slower growth as increased price competition heats up in the insurance industry and increased regulatory scrutiny of finite reinsurance is prompting buyers to shun the coverage, according to experts interviewed by CBS Mark...
DATE: Aug 25, 2005
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