49296 results returned for search: "" category ("Other" AND "Business")
NEW YORK (AP) - Early gains in stocks unraveled yesterday on concern that the economy will see a slow recovery.
Stocks ended mixed after the Federal Reserve said that economic activity has improved in nine of its 12 districts but that the gains are "...
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
Three leading executives from UK-listed Bermuda insurers top the bill in a new event for the Island's re/insurance calendar later this month.
Barbara Merry, chief executive of Hardy Underwriting, joins Hiscox Bermuda CEO Charles Dupplin and Lancashir...
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
American International Group Inc. (AIG) and its subsidiaries' ratings with AM Best Co have remained unchanged following the announcement that the company will sell the AIA Group Ltd. (AIA) to Prudential plc. in a deal valued at approximately $35.5 bi...
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
Butterfield Bank's common shares yesterday dropped to their lowest level on the Bermuda Stock Exchange (BSX) since June 1997, taking into consideration stock splits.
The bank's shares fell by almost 30 percent, or 85 cents, to close on $2, having plu...
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
Butterfield Bank's common shares dropped 29.82 percent (85 cents) to $2 on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 607,359 shares during the day, while 104 preference shares changed hands, but the price remained unchanged at $200....
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
Moody's Investors Service has downgraded Butterfield Bank's long-term deposit and debt ratings, following the $550 million capital injection from a group of investors.
Without the infusion of capital, the scale of writedowns of troubled investments "...
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Bermuda-incorporated RPost has upgraded its email encryption service in a bid to address some key issues raised by a poll of companies subject to heightened HIPAA data encryption rules.
RPost officially launched the Registered Email service in Bermud...
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
Plans for bank deposit insurance scheme may be unveiled by as soon as the end of this year.
Speaking after Butterfield Bank announced a $213 million loss last year, Bermuda Monetary Authority chief executive officer Jeremy Cox said the Authority "rec...
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
PARIS (Reuters) - Insurers face a bill of around 500 million euros ($682 million) following severe weekend storms in parts of western France, the head of French reinsurer Scor told BFM radio on yesterday.
Scor chief executive Denis Kessler said insur...
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
NEW YORK (Bloomberg) — Bermuda re/insurance rivals Max Capital Group Ltd. and Harbor Point Ltd. have agreed to merge to create a company with $3.5 billion of book value.
The combined company will be called Alterra Capital Holdings Ltd., the firms sai...
DATE: Mar 04, 2010
|
CATEGORY:
Other
|
