49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-registered Brilliance China Automotive Holdings Ltd. overcame one legal hurdle yesterday with the news that the Supreme Court had discharged an injunction, sought by its former chairman Yang Rong, against the sale of a large stake of the mini...
DATE: Feb 13, 2003
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Embattled insurer Centre Group was yesterday hit with more bad news after insurance ratings agency Moody's said it was lowering its insurance financial ratings and was keeping the ratings on review for a further possible downgrade.
Moody's said the r...
DATE: Feb 13, 2003
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XL Capital, the Bermuda-based insurance giant, announced profits of $214.1 million for the fourth quarter and $396 million for the whole of 2002 in their earnings release yesterday.
2002 was a much better year for XL than 2001 when the company lost m...
DATE: Feb 13, 2003
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Britain's tax collectors have come under fire from MPs over the sale of 600 of the agency's properties to a Bermuda-based company, thus saving the company's owners millions of pounds in UK taxes.
The Treasury select committee said in a report into th...
DATE: Feb 13, 2003
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Bermuda-based Everest Re Group, Ltd. said after-tax operating income jumped 33.7 percent in the fourth quarter of 2002 as it took advantage of rising premiums.
And the company said it expected to post improved results in 2003 as it predicted growth i...
DATE: Feb 12, 2003
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Businesses should take advantage of the current buyer's market for corporate software according to a new study by Forrester Research.
"The stars have aligned to produce a once-in-a-blue-moon buyer's market for enterprise software," Forrester said.
Li...
DATE: Feb 12, 2003
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ACE Ltd. has invested in new investment bank Integrated Finance Limited that will specialise in offering strategic financial advice and integrated solutions to investors.
In connection with the investment, IFL chairman Roberto Mendoza has resigned fr...
DATE: Feb 12, 2003
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It's hard to imagine Don Kramer, the good humoured vice chairman of ACE Limited, ever provoking much hostility.
But as one of 2000 delegates attending the 2002 World Economic Forum at Davos in January, he was recently "in the line of fire" of anti-gl...
DATE: Feb 12, 2003
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Oil Insurance Ltd.'s debt ratings have been affirmed by Fitch Ratings in spite of the company having suffered a number of large adverse claims in recent years.
Fitch said yesterday that the `F1' ratings on short-term commercial paper reflected "OIL's...
DATE: Feb 12, 2003
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Max Re Limited has been generating a lot of news lately.
In October 2002 in response to improved insurance rates and a difficult investment climate, it expanded its product lines.
The original business model focused on alternative investments and und...
DATE: Feb 12, 2003
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