49296 results returned for search: "" category ("Other" AND "Business")
PEMBROKE, Bermuda (Dow Jones/AP) ? Bermuda-based Tyco International Ltd. on Tuesday said it will take a $167 million charge after repurchasing $350 million in convertible bonds.
The industrial conglomerate also backed its forecast for operating earni...
DATE: Sep 10, 2004
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Bermuda's rate of inflation hit a high for the year of 3.7 percent in July, according to Government figures released yesterday.
The chief cause of the higher rate of inflation - up 0.2 percent from the 3.5 percent rate recorded in June - was said to ...
DATE: Sep 10, 2004
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The majority stakeholder of well-known Washington Mall restaurant Take Five said he will shut down the restaurant if he does not find a buyer by the end of the month.
Brian Toms contacted from Wales after attempts by himself and another business part...
DATE: Sep 10, 2004
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LONDON (Reuters) – Bermuda-registered reinsurance broker Benfield Group Ltd. plans to pay a special dividend and will buy back up to ?40 million ($71 million) of its shares after posting a rise in first-half profit.
The company, which listed on the L...
DATE: Sep 10, 2004
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Forty-year insurance veteran John Sinnott, a senior advisor to leading insurance services firm Marsh & McLennan Companies, Inc., opened yesterday's sessions with sage words on where the industry has come from as well as views on where it is going.
Mr...
DATE: Sep 09, 2004
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The head of UK operations for global broking giant Aon yesterday said the hard market conditions that the insurance industry has experienced in the last two years were precipitated more by investment losses than by poor underwriting results.
During t...
DATE: Sep 09, 2004
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Assured Guaranty Ltd. yesterday announced that Pierre Samson had been appointed president of Assured Guaranty Re International, Ltd., assuming responsibility for the company's financial guaranty reinsurance segment.
Assured Guaranty CEO Dominic Frede...
DATE: Sep 09, 2004
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DATE: Sep 09, 2004
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For the second time in seven years, a proposed reinsurer headed by former Aon (Bermuda) boss Robin Spencer-Arscott has reportedly failed to get the go-ahead from Island regulators.
News of the attempt to get a new insurer off the ground were revealed...
DATE: Sep 08, 2004
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Bermuda-based reinsurers may end up breathing a sigh of relief this week as estimates of insured losses from Hurricane Frances have been revised downwards from originally quoted figures which topped $35 billion.
Federal and state authorities said yes...
DATE: Sep 08, 2004
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