49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Argo Group International Holdings Ltd.'s first-quarter net income fell 23 percent after the re/insurer suffered catastrophe losses of $29.1 million.
Of those estimated losses, which the company said amounted to about 1.8 percent of 2009...
DATE: May 05, 2010
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AUTHOR:
Jonathan Kent
Bermuda's Financial Investigation Unit (FIU) has been praised by a leading US lawyer for its role in helping to combat global financial crime.
Ed Davis, founding shareholder of Astigarraga Davis, based in Miami, featured in a number of panels includi...
DATE: May 05, 2010
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Offshore banks need to keep a closer eye on their customers' investments to pick up on Ponzi schemes.
That is the view of Owen Henry of the Cayman National Corporation, who highlighted the case concerning the 'Cash 4 Titles' scheme in which the Bank ...
DATE: May 05, 2010
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SEATTLE (Reuters) – Microsoft Corp its "Courier" tablet PC, vaunted by some as a potential rival to Apple Inc's iPad, will not be launched as a product, at least not in its current form.
The device — which has never been publicly acknowledged by Micr...
DATE: May 05, 2010
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Net income: $20.7 million compared to $27 million in 2009.
Gross premiums written: $404.5 million compared to $496.1 million in 2009.
Combined ratio: 105 percent compared to 96.3 percent in 2009.
DATE: May 05, 2010
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LONDON (AP) — British publisher Pearson PLC said yesterday it is selling its 61 percent stake in financial market data provider Interactive Data Corp. to private equity firms Silver Lake and Warburg Pincus in a $2 billion pretax deal.
Pearson, which ...
DATE: May 05, 2010
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PartnerRe's chief executive officer Patrick Thiele — one of Bermuda's most successful reinsurance bosses — is to retire at the end of this year, the company announced yesterday.
His successor in the top job will come from inside the company, Mr. Thie...
DATE: May 05, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) – Goldman Sachs Group Inc may soon enter talks to settle US Securities and Exchange Commission fraud charges, Fox Business Network's Charlie Gasparino reported.
Goldman officials believe the SEC's case is without merit, but the fir...
DATE: May 05, 2010
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Rapidly growing Bermuda re/insurer Torus Insurance Holdigs Ltd. yesterday announced it had acquired Liechtenstein-based Glacier Insurance AG, a subsidiary of the Glacier Group.
The transaction is expected to complete in May, 2010, subject to relevant...
DATE: May 05, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
LONDON - Britain's top share index fell sharply to a two-month closing low as euro zone debt contagion fears grew, hurting banks, and with miners hit by an Australian mining tax and concerns over tightening in China. The FTSE 100 closed down 142.18 p...
DATE: May 05, 2010
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CATEGORY:
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