49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) ? Shares of Bermuda-registered Lazard Ltd., the investment bank that raised $855 million in an initial public offering, fell on their first day of trading as underwriters including Goldman Sachs Group Inc. failed to keep the stoc...
DATE: May 06, 2005
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The Bermuda Chamber of Commerce is giving its member companies a chance to weigh in on the Independence debate.
Immediate past president Charles Gosling, in prepared comments, said the Bermuda Independence Commission (BIC) had approached the body to ...
DATE: May 06, 2005
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Results for the first three months of the year compared to the same period a year ago
Net income: $1.4 million compared to a net loss of $4.5 million during the first quarter of 2004
Net income broken down per share*: two cents per share compared to...
DATE: May 06, 2005
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NEW YORK (Bloomberg) ? Maurice (Hank) Greenberg, who was ousted as chief executive of American International Group Inc. amid an accounting probe, accused the insurer of making ?vile accusations? that are ?impugning? his integrity.
In a letter to AIG?...
DATE: May 06, 2005
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WASHINGTON (Bloomberg) ? The Federal Bureau of Investigation has asked state insurance regulators for assistance in a probe of potential accounting fraud in the industry.
The FBI, which on Wednesday announced a broad investigation into insurance frau...
DATE: May 06, 2005
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BF&M Limited is poised to complete the takeover of The Canada Life Assurance Company?s insurance business in Bermuda by signing an agreement to acquire its local individual life business.
John Wight, president and chief executive officer of BF&M Limi...
DATE: May 05, 2005
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The co-chairs of a new professional liability insurance symposium say the success of the event this week has made it a ?must attend? on the sector?s annual calendar.
The Professional Liability Underwriting Society?s (PLUS) ?Bermuda Perspective? ? hel...
DATE: May 05, 2005
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The Royal Gazette/Bermuda Stock Exchange Index yesterday gained 28.86 points to finish at 3,350.15.
Butterfield Bank saw trading of 3,253 shares at a price increase of 65 cents to $42.75.
Belco Holdings investors bought and sold 50 shares at a price ...
DATE: May 05, 2005
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Bermuda?s newest insurers ? the ?Class of 2001? ? have not yet been knocked off a solo course by softer market conditions despite predictions M&A activity could occur in tandem with a market downturn now underway.
Senior management at some of the Isl...
DATE: May 05, 2005
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A risk manager for a large US electric utility warned on Tuesday that if it ever gets to the point where brokers are not delivering value to his company, he will leave the business model behind.
Gary Meggs, director of Risk Management for Southern Co...
DATE: May 05, 2005
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