49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based GoshawK Re has seen its financial strength rating put under review on the back of its parent company's lingering financial woes.
Leading rating agency A.M. Best announced on Friday that its A- (Excellent) rating for GoshawK Re had been ...
DATE: Sep 23, 2003
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NEW YORK (Reuters) - Hurricane Isabel may cost US insurers a fraction of what some experts had expected because the storm slowed in intensity and hit land at an area of North Carolina that has a relatively sparse population, industry groups said on F...
DATE: Sep 22, 2003
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Insurance executive Brian O'Hara will not have to leave the Island when the work permit term limit comes up at the end of the decade. That will happen if the Immigration Minister approves his application for a Permanent Residents Certificate (PRC). M...
DATE: Sep 22, 2003
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Bermuda-based Alea could go public after an international news report said its lead investor, Kohlberg, Kravis Roberts, may want to sell off its investment in the company through an IPO later in the year.
The report, published last week in the Financ...
DATE: Sep 22, 2003
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The board of directors of AXIS Capital Holdings Limited last week said that they have reached new agreements with the company's top two executives for a term of five years.
Both agreements, surrounding chairman Michael Butt and president and CEO John...
DATE: Sep 22, 2003
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NEW YORK (Reuters) - A lawyer for former Tyco International Ltd. chairman Dennis Kozlowski on Friday requested to seal videotapes of a raucous $2 million party on Sardinia to ensure that potential jurors don't see footage before Kozlowski's criminal ...
DATE: Sep 22, 2003
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The Royal Gazette/Bermuda Stock Exchange saw significant trading last week with more than $1 billion worth of shares changing hands. The week's trading pushed down the index by 7.737 points to close at 2,660.87
Leading trading last week was Belco wit...
DATE: Sep 22, 2003
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NEW YORK (Bloomberg) - Loral Space & Communications Ltd., a satellite maker that filed for Chapter 11 bankruptcy in July, said its Telstar 4 satellite lost power and ceased operations.
The satellite, which broadcasts television images, had a short ci...
DATE: Sep 22, 2003
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Kohlberg, Kravis Roberts, the global buy-out firm, is preparing an initial public offering of Bermuda-based reinsurer Alea, The Financial Times reported on Friday.
KKR has appointed Goldman Sachs and Merrill Lynch to prepare Alea for a public listing...
DATE: Sep 21, 2003
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A.M. Best Co. on Friday placed the financial strength rating of A- (Excellent) of Bermuda-based Goshawk Reinsurance Ltd. (Goshawk Re) under review with negative implications following an announcement by its parent, Goshawk Insurance Holdings Plc, th...
DATE: Sep 21, 2003
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