49296 results returned for search: "" category ("Other" AND "Business")
A lawyer for former AIG Bermuda executive Michael Murphy last night fired back at damaging allegations from New York regulators that his client ordered corporate records destroyed.
The allegations came to light in a stinging civil suit filed against ...
DATE: May 27, 2005
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WASHINGTON (Reuters) ? Sponsors of a bill to create a $140 billion asbestos compensation fund said they aimed to clear the bill out of the Senate Judiciary Committee and send it to the full Senate within hours.
"We now face the task of finishing the ...
DATE: May 27, 2005
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Lawyers for Bermuda Digital Communications trading as Cellular One have begun proceedings for Judicial Review against the Minister of Telecommunications.
The company filed a writ this week against Minister of Telecommunications Michael J. Scott, his ...
DATE: May 27, 2005
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A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of "a" of the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings, Ltd. All ratings have been removed from under review and...
DATE: May 27, 2005
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(Bloomberg) Zurich Financial Services AG's Australian unit was found by regulators to have used reinsurance transactions with a unit of Warren Buffett's Berkshire Hathaway Inc. to overstate its 2000 profit.
Zurich Australian Insurance Ltd.'s contrac...
DATE: May 27, 2005
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Closing retailer Trimingham's has created a commemorative wrist band to support two local charities.
The wristbands ? which come in five different colours and feature the Trimingham's sailboat logo ? are designed to mark the "celebration" of the stor...
DATE: May 27, 2005
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(Bloomberg) -- Marsh & McLennan Cos., the world's biggest insurance brokerage, said it may sell its wholesale broker units in the US and Britain.
Marsh hired Banc of America Securities LLC to "explore strategic alternatives" for Dallas-based Crump Gr...
DATE: May 27, 2005
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The Royal Gazette/Bermuda Stock Exchange Index fell 4.01 points to close at 3,337.74 yesterday on the strength of sales of two declining stocks and one remaining unchanged.
Some 5,400 Bermuda Commercial Bank shares changed hands to close at $7.30, a ...
DATE: May 26, 2005
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Bermuda reinsurer Everest Re says its US subsidiary has been subpoenaed by securities watchdog, the US Securities and Exchange Commission (SEC), for information related to finite risk reinsurance.
The subpoena, sent to Everest Reinsurance Holdings, w...
DATE: May 26, 2005
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The Bermuda Bakery Limited has announced that its Board of Directors has accepted the resignation of director James A. Pearman. Glenn M. Titterton will fill the vacancy until the next annual general meeting, scheduled for June 2, 2005.
Ascendant susp...
DATE: May 26, 2005
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