49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Ariel Holdings Ltd.'s subsidiary Valiant Insurance Group Inc. is set to be acquired by First Mercury Insurance Company for $55 million, it was announced on Wednesday.
First Mercury, a subsidiary of First Mercury Financial Corporation (...
DATE: Nov 12, 2010
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Hiscox Ltd.'s (Bermuda) operating companies have been affirmed the financial strength rating (FSR) of A (excellent) and issuer credit rating (ICR) of "a" by AM Best Europe Rating Services Ltd.
The outlook for the ratings of Hiscox Insurance Company (...
DATE: Nov 12, 2010
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BEIJING (Bloomberg) - UK Prime Minister David Cameron said economic imbalances, including China's trade surplus and curbs on its currency, risk sparking protectionism and pushing the world economy into recession.
"Some countries with current-account ...
DATE: Nov 12, 2010
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LONDON (Bloomberg) - Gjensidige Forsikring BA, Norway's largest property and casualty insurer, plans to start canvassing investor interest in its initial public offering as soon as this week, two people with knowledge of the matter said.
The IPO may ...
DATE: Nov 12, 2010
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SEOUL (Reuters) - China said yesterday that the US Federal Reserve's move to ease monetary policy risked undermining the global economic recovery, adding that Washington "should not force others to take medicine for its own disease".
A senior Chinese...
DATE: Nov 12, 2010
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LONDON (Reuters) - The Bank of England (BoE) expects inflation to fall below target in two years, but a highly uncertain economic outlook makes it unclear whether the central bank's next move will be to loosen or tighten policy.
Sterling rose sharply...
DATE: Nov 12, 2010
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LONDON (Reuters) - The union representing British Airways cabin crew has suspended a ballot on an offer the airline hoped would end a year-long dispute and strikes that have cost £150 million ($242.2 million).
Last month, the Unite union said it woul...
DATE: Nov 12, 2010
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NEW YORK (Bloomberg) - Harley International (Cayman) Ltd., an insolvent Cayman Islands-based fund that allegedly funnelled money to Bernard Madoff, was ordered to pay $1.07 billion to creditors of the convicted con man.
Irving Picard, the trustee ove...
DATE: Nov 12, 2010
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NEW YORK (Bloomberg) — Primus Guaranty Ltd., the Bermuda-based company that sold banks credit-default swaps protecting $11.8 billion of debt, reported a third-quarter loss of $2 million after settling contracts with a unit of bankrupt Lehman Brothers...
DATE: Nov 12, 2010
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NEW YORK (AP) — Cisco Systems Inc. has given a disappointing sales forecast for the second quarter in a row, raising doubts about the network equipment maker's competitive chops despite an uptick in its most recent quarterly earnings.
Back in August,...
DATE: Nov 12, 2010
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