49296 results returned for search: "" category ("Other" AND "Business")
HOUSTON (Reuters) - Laura Holt, the former chief investment officer for accused Ponzi schemer Allen Stanford's financial firm, has reached a settlement with Lloyd's of London over her defence fees, a US federal judge said yesterday.
"Ms. Holt is not ...
DATE: Aug 25, 2010
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Robin Mehta has been hired to lead the Bermuda office of insurance broker Beecher Carlson.
Prior to joining the company, Mr. Mehta was chief financial officer/chief operating officer of Hiscox Insurance Company (Bermuda) Ltd.
He has been appointed ex...
DATE: Aug 25, 2010
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The impact of the Gulf of Mexico oil spill on the tourism industry has prompted Bermuda-based insurer Ironshore to offer better protection against such events to the sector.
Ironshore Environmental has expanded its suite of asset-class specific SPILL...
DATE: Aug 25, 2010
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AUTHOR:
Jonathan Kent
Scottish Re Group Ltd. made a profit of $78 million, or 36 cents per share, during the second quarter of 2010 driven by $83.4 million of net realised and unrealised gains in its invested assets.
That compares with a net income of $176.9 million, or 8...
DATE: Aug 25, 2010
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HSBC Bermuda mortgage holders face higher repayments after the bank announced yesterday it would increase its lending rate by 0.25 percent next month.
The increase, which becomes effective on September 1, takes HSBC's base lending rate for Bermuda do...
DATE: Aug 25, 2010
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AUTHOR:
Jonathan Kent
Allied World Assurance Company Ltd. and its operating affiliates have been affirmed the financial strength rating (FSR) of A (excellent) and issuer credit ratings (ICR) of "a" by AM Best Co.
In addition, Best has affirmed the ICR of "bbb", debt ratin...
DATE: Aug 25, 2010
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Bermuda's technology leaders of tomorrow were on show at the Technology Leadership Forum (TLF) Internship Programme graduation ceremony held at the Fairmont Hamilton Princess.
The programme, which is in its second year, aims to encourage the Island's...
DATE: Aug 25, 2010
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NEW YORK (AP) - Stocks fell for a fourth day after another disappointing report on housing deepened worries that the economic recovery could be fading. Bonds yields fell as investors sought out more stable investments.
The Dow Jones industrial averag...
DATE: Aug 25, 2010
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TORONTO (Reuters) - Toronto's main stock index closed sharply lower yesterday as Bank of Montreal's results came in below market expectations and concerns over domestic growth and the global recovery pressured commodity prices.
The TSX's key financia...
DATE: Aug 25, 2010
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The Bermuda Stock Exchange (BSX) endured one of its quietest days this year, opening and closing unchanged at 1,331.92 with no shares traded.
The BSX Insurance Index, however, fell four points (0.44 percent) to 907.
DATE: Aug 25, 2010
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