818 results returned for search: "" category "Other" author Ahmed Elamin
Marico Thomas, president of the Four Star Pizza chain, is taking another swing at making the company's failed restaurant on Queen Street successful.
The Four Star Cafe closed in December, a few months after getting a makeover from Mr. Thomas' origina...
DATE: May 15, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
New local telecommunications provider Quantum Communications plans on expanding its network to the rest of the Island within two to four years.
Company President Jim Sullivan told the Lions' Club luncheon yesterday that Quantum is currently concentra...
DATE: May 14, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
Now fully under the aegis of insurance giant American International Group (AIG), Starr Excess Liability Insurance Co. is making steps to increase its competitiveness in the reinsurance market.
AIG, which in February purchased the 76 percent of Starr ...
DATE: May 13, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
In a move to give it more flexibility in the use of its capital, The Bank of Bermuda has arranged a $500 million credit facility in the US.
Mellon Bank, Deutsche Morgan Grenfell, and J.P. Morgan are backing the loan facility -- a first for the bank -...
DATE: May 13, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
claims-paying ability rating on Terra Nova Insurance Co. Ltd. and Terra Nova (Bermuda) Insurance Co. Ltd.
S&P also affirmed its triple-`B' senior debt rating on Terra Nova Insurance (UK) Holdings Plc's two existing debt issues and on the $100 million...
DATE: May 12, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
service customers. Renovations to the company's existing space at Gibbons Co.
will be completed by July.
Gibbons Deposit Co. senior vice president Sarah Farringtion said the company will double the number of tellers, add more Western Union counters, ...
DATE: May 12, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
UK could reduce the worlwide demand for property catastrophe reinsurance, Bermuda-based IPC Holdings, Ltd. states in its annual report to shareholders.
About 82 percent of the company's written premiums in 1997 came from catastrophe excess-of-loss re...
DATE: May 12, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
Bermuda-based Centre Re (Bermuda) Ltd., now known as Centre Solutions, was ranked 21 our of 100 top reinsurers by 1996 net written premiums, according to Standard & Poor's.
Centre Re had $879.7 million in written premiums for 1996. The next Bermuda c...
DATE: May 11, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
If you're an executive or board member of one of the many businesses in Bermuda who's only now coming around to dealing with the Year 2000 computer bug, then you've really got a problem.
Ok, so you were asleep at the wheel. What to do now? Businesses...
DATE: May 11, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
As a sign of the burgeoning capital being accrued by insurers and reinsurers catastrophe losses in the US were estimated at $2.6 billion for 1997, the lowest since the $1.4 billion in losses in 1988, the Insurance Information Institute reported.
Loss...
DATE: May 08, 1998
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CATEGORY:
Other
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AUTHOR:
Ahmed Elamin
