49296 results returned for search: "" category ("Other" AND "Business")
American law partner Steven Schwab of Rudnick & Wolfe provided an overview of a burning issue in the US involving IBNR (Incurred But Not Reported) loss.
A line item on the liability side on cedants' and reinsurers' balance sheets was in the spotlight...
DATE: Oct 18, 1996
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A British Court of Appeals decision handed down against a Bermuda company, Mutual Reinsurance Company Ltd., has been highlighted as a prime example of the new ground that has been broken recently involving insurance insolvencies.
Roger Enock, partner...
DATE: Oct 18, 1996
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AUTHOR:
David Fox, Business Editor
Exchange (BSX) an offshore securities market, the exchange said yesterday.
---- Page 36 BSX: SLUMP ENDS STK BSX: slump ends Shares in the Island's three banks, a bank's warrants and an office equipment company, changed hands on the Bermuda Stock ...
DATE: Oct 18, 1996
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Commissioner Linda Kaiser, to task for her handling of the restructuring of a Cigna Corp. unit.
Jim Corcoran, himself a former New York State Superintendant of Insurance, led the reshaping of the state's legislative and administrative response to cha...
DATE: Oct 18, 1996
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Litigation and arbitration should be assumed to be natural conclusions of claim disputes between insurers and reinsurers, a top insurance lawyer said yesterday at the International Reinsurance Congress.
"Why do we have to arbitrate, can't we draft a ...
DATE: Oct 18, 1996
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30 a quarterly dividend of 17 cents per share.
The two cent improvement from 15 cents per share paid in the previous quarter represents a 13 percent increase and is in line with with the 12 percent improvement to bottom line profits for the 1995/96 y...
DATE: Oct 18, 1996
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Butterfield closing unchanged at $9.50 on volume of 9,662. Bermuda Home 8% Pref. was down 25 cents to $11.50 on 3,049. The index remained unchanged at 934.73, near this year's market low of 933.56975. The 12,881 shares that changed hands were valued ...
DATE: Oct 17, 1996
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The lines separating Bermuda's insurance companies will soon be unrecognisable as they continue to broaden their business, Mid Ocean Ltd. president and CEO Michael Butt predicted.
Over the past decade, Bermuda has established itself as a major centre...
DATE: Oct 17, 1996
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liability lawyer likes, and dislikes, about dealing with the local players in the excess liability field.
Joel Kleinman, a commercial US litigator with the Washington DC firm of Dickstein, Shapiro, Morin and Oshinsky, said he does not subscribe to a ...
DATE: Oct 17, 1996
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CATEGORY:
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AUTHOR:
David Fox, Business Editor
present a bankruptcy court judge with a financing plan or it will be forced to liquidate its assets. Kiwi suspended all operations last night after it failed to win financial backing from several potential investors, including Victor Kiam, chairman o...
DATE: Oct 17, 1996
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