49296 results returned for search: "" category ("Other" AND "Business")
Acumen Ltd. has announced its intentions to manage or acquire captive insurance companies in run-off, after gaining approval from regulator the Bermuda Monetary Authority to provide insurance management services.
Acumen was formed in January 2006, pr...
DATE: Aug 25, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
Max Capital Group Ltd. and its subsidiaries' rating outlook remains negative after it was its Issuer Default Ratings (IDR) and Insurer Financial Strength ratings by Fitch Ratings.
Fitch said Max Capital's ratings continued to reflect the company's di...
DATE: Aug 25, 2009
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A major hurricane making landfall in Florida is overdue — and conditions are now similar to those that spawned a succession of storms in the Sunshine State in 2004 and 2005.
That was the message yesterday from the Florida Insurance Council (FIC), whi...
DATE: Aug 25, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
NEW YORK (Reuters) - Wall Street super-swindler Bernard Madoff has not been diagnosed with cancer, the Federal Bureau of Prisons said yesterday, knocking down a tabloid report that Madoff told fellow prison inmates that he was dying.
The New York Pos...
DATE: Aug 25, 2009
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SWIPING PLASTIC: It can sometimes be difficult to make a purchase if you don't have a credit card — or impossible, in the event that you need to make a hotel reservation or rent a car.
Sure, plastic can wreak havoc, but when used properly a credit ca...
DATE: Aug 25, 2009
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Butterfield Bank traded 5,000 common shares to open and close at $5.05 on The Bermuda Stock Exchange (BSX) yesterday.
The Index, as a whole, remained unchanged at 2,305.79, with 5,000 shares worth $25,250 changing hands through the day.
The BSX Insur...
DATE: Aug 25, 2009
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LONDON - Britain's top share
index hit its highest closing level in 10-and-a-half months, mirroring rallying global equities as reassuring comments from key central bankers helped drive optimism over the pace of global recovery. The FTSE 100 closed a...
DATE: Aug 25, 2009
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LONDON (Reuters) - Lloyd's of London insurer Amlin reported a better-than-expected 29 percent increase in its half-year profit as its investment returns more than doubled, thanks to stronger financial markets.
Amlin, which has an underwriting unit in...
DATE: Aug 25, 2009
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Major captive insurance manager International Advisory Services (IAS) Ltd. could be about to be sold to Marsh, according to reports surfacing yesterday.
The website of The Captive Review seized upon rumours of the sale swirling around the Island's in...
DATE: Aug 25, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
ATLANTA (Bloomberg) — The head of SunTrust Banks Inc., Georgia's biggest lender, said US financial institutions probably will report further credit losses as commercial real estate falters through next year.
"The industry is a long way from declaring...
DATE: Aug 25, 2009
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