49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (Bloomberg) ? Marsh & McLennan Cos., the world?s largest insurance broker, probably will report a fourth-quarter loss after settling a lawsuit by New York Attorney General Eliot Spitzer for $850 million to end bid-rigging accusations.
The Ne...
DATE: Mar 01, 2005
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The Royal Gazette/Bermuda Stock Exchange Index yesterday gained less than half a point to finish at 3,272.27.
Bank of Butterfield edged up 10 cents to close at $42 on volume of 1,700 shares, while Bermuda Press (Holdings) Ltd. jumped $2 to close at a...
DATE: Mar 01, 2005
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NEW YORK (Reuters) ? The market for US municipal bond insurers grew last year despite a fall in debt issuance.
But the drop in supply, coupled with narrow credit spreads, might have discouraged new players from entering the fray.
?I think some of the...
DATE: Feb 28, 2005
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The Bank of Bermuda cut 38 jobs on Thursday, telling those affected their redundancies will not take effect until the end of the year.
The announcement brings to 80 the total number of jobs phased out at the bank since its $1.3 billion buy-out a year...
DATE: Feb 28, 2005
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The Bank of Bermuda celebrating passing the one-year anniversary mark as an HSBC company by letting customers have cake.
On Friday, CEO Philip Butterfield was on hand in the bank's main banking hall to serve customers cake - and cake will also be com...
DATE: Feb 28, 2005
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The Royal Gazette/Bermuda Stock Exchange Index moved up 7.938 points last week to finish at 3,271.83.
LOM (Holdings) Limited saw the highest volume of trading with 20,000 shares moving. The investment company's share price of $3 didn't change through...
DATE: Feb 28, 2005
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The Board of Directors of Montpelier Re Holdings Ltd. (NYSE - MRH) has announced the following capital management actions:
1. The declaration of a special dividend of $5.50 per common share and per warrant, or approximately $390 million in total. The...
DATE: Feb 27, 2005
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The Royal Gazette/Bermuda Stock Exchange Index yesterday gained 1.15 points to finish at 3,271.83.
Argus Insurance investors led trading with 5,200 shares changing hands while the share's value was pushed down five cent to $25.
Electric light company...
DATE: Feb 26, 2005
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NEW YORK (Reuters) ? A former senior executive at Marsh & McLennan Cos. pleaded guilty to criminal charges yesterday in a wide-ranging probe of fraud and bid-rigging in the insurance industry.
Kathryn Winter, a former senior executive of Marsh, Inc.,...
DATE: Feb 25, 2005
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Max Re Capital announced that its subsidiary, Max Re Ltd., has made the following appointments in its reinsurance division:
John Doucette has been appointed president and chief underwriting officer of Max Re Ltd.'s reinsurance division. Mr. Doucette'...
DATE: Feb 25, 2005
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