49296 results returned for search: "" category ("Other" AND "Business")
Members of the Association of Bermuda Insurers and Reinsurers (ABIR) contributed almost $950 million to the Island's economy last year, according to the organisation's 2009 economic impact survey released yesterday.
ABIR represents Bermuda's internat...
DATE: Aug 24, 2010
|
CATEGORY:
Other
|
NEW YORK (Reuters) - Bailed-out insurer American International Group Inc said yesterday it paid back nearly $4 billion in US loans in its single largest cash payment so far to reduce its debt to taxpayers.
The partial repayment of a Federal Reserve B...
DATE: Aug 24, 2010
|
CATEGORY:
Other
|
NEW YORK (AP) - Stocks slumped to a weak finish yesterday as lingering worries about the economy overcame optimism from a fresh round of corporate dealmaking.
Stocks had an early lift after Hewlett-Packard Co. bid 33 percent more than rival Dell Inc....
DATE: Aug 24, 2010
|
CATEGORY:
Other
|
Digicel and M3 Wireless have both announced the launch of their new BlackBerry Pearl 3G smartphone, the smallest BlackBerry smartphone yet, for customers in Bermuda.
The new handset, which will be available in Digicel's stores throughout the Island i...
DATE: Aug 24, 2010
|
CATEGORY:
Other
|
Bermuda-based specialty re/insurer Hiscox Ltd. saw its profits plunge by nearly a third in the first half of the year, on heavy catastrophe claims.
Hiscox, which is domiciled on the Island and also has a significant underwriting platform here, posted...
DATE: Aug 24, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
LONDON (Bloomberg) — Amlin Plc, the biggest insurer at Lloyd's of London, said first-half profit declined 39 percent as claims almost doubled.
Pretax profit fell to £107.6 million ($167 million) from £177.1 million a year earlier, the London-based co...
DATE: Aug 24, 2010
|
CATEGORY:
Other
|
Insurer, pension provider and investment company BF&M Ltd.'s insurance operating companies have seen their financial strength rating affirmed at A (excellent) by rating agency AM Best Co.
But the New Jersey-based agency has expressed some concern at ...
DATE: Aug 23, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Hedge fund manager Paolo Pellegrini — whose PSQR Capital Management has an office in Bermuda and who helped Paulson & Co. to make $3 billion out of the bets on the US housing crash — is to return money to investors in his fund by next month.
The PSQR...
DATE: Aug 23, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Three Bermudian university students — Alison Bolton, Michael Coles and Samuel Outerbridge — have been selected to take part in a summer internship with insurance broker Marsh and reinsurance broker Guy Carpenter Bermuda Ltd.
The two operating compan...
DATE: Aug 23, 2010
|
CATEGORY:
Other
|
NEW YORK (Reuters) - With Wall Street limping along through the summer doldrums, investors say they will remain on guard for more deterioration in what's expected to be a light-volume week.
The S&P 500 suffered losses last week and is in danger of fa...
DATE: Aug 23, 2010
|
CATEGORY:
Other
|
