49296 results returned for search: "" category ("Other" AND "Business")
(Bloomberg) ? Shares of Elan Corp., Ireland?s biggest drugmaker, rose 1.5 percent after the company said yesterday it will pay $90 million to settle a shareholder lawsuit and a US Securities and Exchange Commission fine. Dublin-based Elan said it wil...
DATE: Oct 27, 2004
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(Bloomberg) ? Shareholders of American International Group Inc., the world?s largest insurer, sued directors on behalf of the company, claiming the board failed to prevent illegal bid rigging.
American International was mentioned as a participant in ...
DATE: Oct 27, 2004
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NEW YORK (Reuters) ? Marsh & McLennan Cos., the world?s largest insurance broker, said yesterday it would reform its business practices and stop accepting fees that New York?s attorney general said amounted to bid-rigging.
The changes were announced ...
DATE: Oct 27, 2004
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Ratings agency A.M. Best yesterday took Olympus Re?s rating off review and affirmed its A- (excellent) financial strength rating after the company revised its premium management plan.
Best putOlympus? rating under review ?with negative implications f...
DATE: Oct 27, 2004
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The construction boom spurred building supplies and hardware company SAL to a 52 percent increase in net income in the first half of 2004.
And the company said the outlook for the rest of the year also looked strong as existing major building project...
DATE: Oct 27, 2004
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Bermuda-based PartnerRe Ltd. reported last night that its net income fell to $83.2 million or $1.46 per share in the third quarter compared to $116.9 million or $2.08 per share, a year earlier. The figures include net after-tax realised gains on inve...
DATE: Oct 27, 2004
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Bermuda-based insurance giant ACE Limited last night reported a $3 million loss in the third quarter, a direct result of massive claims from "unprecedented" Atlantic hurricane activity and typhoons in the Pacific.
In an earnings statement, ACE said i...
DATE: Oct 27, 2004
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A Bermuda-based captive management company is looking for help here to assist staff made homeless by hurricanes that hit further south.
CFO of Marsh Management Services David Spratt took out an advertisement in seeking immediate furnished accommodati...
DATE: Oct 27, 2004
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HCC Insurance Holdings which has offices here, across the US and in England and Spain has spoken against improper sales practices within the insurance industry.
The company has also voluntarily suspended payments on its subsidiaries current market se...
DATE: Oct 27, 2004
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NEW YORK (Reuters) ? Marsh & McLennan Cos. chairman and chief executive Jeffrey Greenberg resigned yesterday, 11 days after New York?s attorney general accused the world?s biggest insurance broker of bid-rigging, the Wall Street Journal?s online edit...
DATE: Oct 26, 2004
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