Log In

Bermuda-based XL Capital Ltd. yesterday formally unveiled the company's new name as the insurer attempts to reposition itself in a highly competitive market. The company changed its name from Exel to XL Capital to properly identify itself as offering...

In the face of severe financial difficulties, office and medical supply company Staples Holdings Ltd. has suspended payment of preferred share dividends. In a statement, the company said the suspension of the semi-annual dividend on the preferred sha...

Post offices in North America and I'm sure Europe are feeling the attack of e-mail on their revenues. Canada Post, for example, has decided to combat the rise of e-mail by going on the offensive with an advertising campaign to remind everyone "nothin...

its money market fund. "The euro has at a stroke become the world's second most important currency and may one day rival the dollar as the world's leading currency,'' Butterfield chief investment officer Ian Coulman said. "The eleven countries in the...

called the market's first reinsurance contract to protect a company against the double blow of a property catastrophe loss and negative returns on an equity portfolio. The asset-linked catastrophe protection policy was written in conjunction with Car...

Bermuda-based XL Capital Ltd. yesterday confirmed the company was in talks on a possible "business combination'' with NAC Re Corp., the ninth-largest US reinsurer. Through a merger with NAC, XL would expand its reinsurance sales and gain a larger US ...

There's a joke that's currently circulating by E-mail about a fictitious Press release from General Motors (GM) regarding Bill Gates comparing the computer industry to the motor car industry. I repeat parts of the joke, only because it goes to the he...

Quantum Communications Ltd. has jumped into the local business market offering Hamilton customers five cents savings per call and $7 savings per line. The company has been waiting to offer voice services in the Hamilton market to go head to head with...

formations according to an annual study by Tillinghast-Towers Perrin. The consultancy said captive growth worldwide continued an 18-year upward trend, with new captive formations exceeding liquidations by a wide margin. The trend indicates companies ...

submitted 84 reports to the Bermuda Police regarding 540 financial transactions staff suspected of having to do with money laundering. The Proceeds of Crime Act came into effect in January 19 last year in an attempt to crack down on money laundering ...