49296 results returned for search: "" category ("Other" AND "Business")
Max Capital Group Ltd. announced yesterday that it intends to vigorously defend the enforceability of the amalgamation agreement between IPC Holdings Ltd. and Max against the "meritless lawsuit" filed by Validus Holdings Ltd. on Tuesday.
"Validus in...
DATE: Apr 30, 2009
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Everest Re Group Ltd. boosted its net income by more than $30 million in the first quarter of 2009, driven by all-round solid financial results.
The company saw its profits rise to $108.6 million or $1.77 per share for the first quarter from $77.9 mi...
DATE: Apr 30, 2009
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Bermuda's business growth has been boosted not by lax tax laws here but by burdensome bureaucracy in the States, says Ariel Re head Don Kramer.
Yet he said the tax haven label was still a huge threat to Bermuda, despite its unfairness.
Mr. Kramer, wi...
DATE: Apr 30, 2009
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Offshore financial centres are a tool of the fraudster's trade, according to a Florida-based lawyer who specialises in asset recovery.
While the swindlers are generally based onshore, they frequently use an offshore connection to help lure investors,...
DATE: Apr 30, 2009
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NEW YORK (Bloomberg) - Lazard Ltd., the investment bank led by Bruce Wasserstein, posted an unexpected first-quarter loss on a decline in takeovers and costs related to previously announced job cuts.
The loss was $53.5 million, or 77 cents a share, c...
DATE: Apr 30, 2009
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Renaissance Re suffered a drop of almost $40 million in its profits for the first quarter of 2009, despite an increase in new business opportunities, according to CEO Neill Currie.
Net income fell to $97.3 million or $1.57 per share in the first quar...
DATE: Apr 30, 2009
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Offshore financial centres should argue their case more forcefully at every opportunity as they come under attack from larger countries, according to Caymanian international business leader.
Eduardo D'Angelo Silva, chairman of the Cayman Islands Fina...
DATE: Apr 30, 2009
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NEW YORK (Bloomberg) - The family trust of billionaire and former presidential candidate H Ross Perot was accused in a lawsuit of mismanaging a fund open to outsiders so that it went from $2.5 billion to "less than zero".
Southern Avenue Partners LP,...
DATE: Apr 30, 2009
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WASHINGTON (Bloomberg) - Boeing Co. won a contract to build a satellite for Intelsat Ltd., the operator of the world's biggest satellite fleet, that will serve commercial markets and the Australian military.
The contract's value wasn't disclosed in t...
DATE: Apr 30, 2009
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Microsoft is having another go at releasing a new Windows operating system, but it is hedging its bets after fumbling the ball with Vista, which was supposed to be the successor to Windows XP. Now it turns out that Windows 7, the new version Microsof...
DATE: Apr 29, 2009
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