49296 results returned for search: "" category ("Other" AND "Business")
(Bloomberg) ? MBIA Inc., the world?s biggest bond insurer, will lower profit from the past seven years by $54 million to correct accounting for two reinsurance agreements bought to limit losses from a failed hospital network.
The restatement will cut...
DATE: Mar 09, 2005
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The Royal Gazette/Bermuda Stock Exchange Index was unchanged at 3,264.37 as just one issue traded.
Butterfield Bank was unchanged at $42 on volume of 2,245 shares worth $94,290.
DATE: Mar 08, 2005
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Christopher Donnachie, one of the directors of the Telecheck Group, which collapsed in Bermuda in 1993, has been ordered to pay a costs of $808,653 to a Bahamas bank from which he tried to extort money.
The costs were awarded in the Bahamas Supreme C...
DATE: Mar 08, 2005
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Endurance Specialty Holdings Ltd. has repurchased $12 million worth of shares from initial investors Metro Center Investments Pte Ltd., the Bermuda-based reinsurer said on Friday.
Endurance said it bought 350,000 of its ordinary shares for $34.6775 p...
DATE: Mar 08, 2005
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Bermuda insurers Allied World Assurance Company and XL Insurance (Bermuda) Ltd. have been named as defendants in a lawsuit brought by a Pennsylvania mining company that claims its insurers are refusing to pay a $6 million claim.
Newsletter Inside Ber...
DATE: Mar 08, 2005
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Full container load importers have a new simplified prior declaration process to follow at the Hamilton docks, the Collector of Customs announced yesterday.
A Government spokeswoman said yesterday that casual and commercial importers are encouraged t...
DATE: Mar 08, 2005
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Another Bermuda-registered shipping company plans to file an initial public offering.
Dow Jones Newswires reported yesterday that TBS International Ltd. had filed an initial public offering to sell up to $125 million in common stock, according to a F...
DATE: Mar 08, 2005
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The ACE Group of Companies yesterday announced that a subsidiary of its Chinese partner Huatai Insurance Company, Huatai Life Insurance Company, received approval from the China Insurance Regulatory Commission to commence life insurance operations.
“...
DATE: Mar 08, 2005
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A secondary offering by Bermuda-based Nordic American Tanker Shipping Ltd. of 3.5 million common shares was priced at $49.50 per share, meaning the company could raise $170 million from the offering.
The company has also granted the underwriters an o...
DATE: Mar 07, 2005
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Aspen Insurance Holdings reported a 32 percent increase in fourth-quarter 2004 net income on Thursday and said it will sharply increase its quarterly dividend.
For the fourth quarter, net income was $75.2 million, or $1.01 per share compared with $54...
DATE: Mar 07, 2005
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