1726 results returned for search: "" category "Business" author David Fox, Business Editor
Bermuda's largest indigenous mutual fund, Butterfield Bermuda Fund Ltd., has reported a 41.2 percent total return for the year to June 30, in figures just released.
That compared to the 45.2 percent total return for the Bermuda Stock Exchange index f...
DATE: Oct 13, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
quarter incurred losses of $25 million as a result of Hurricane Georges and other events.
PartnerRe president and CEO Herbert Haag made note of the claims activity this weekend as he announced significant progress in the firm's planned acquisition of...
DATE: Oct 12, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
The Bank of Bermuda will begin offering a unique global banking service to corporate and high net worth clients this month. The new global banking service -- Bankline II -- has been built using middleware and PC banking solutions from UK-based Deluxe...
DATE: Oct 12, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
A former senior executive vice president of Sedgwick Re, Jed E. Rhoads, has joined Bermuda-based Stockton Re as principal in the underwriting department.
He is the latest component of a re-tooling at the firm, as it gears up to exploit new trends in ...
DATE: Oct 12, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
Bermuda-based Centre Solutions, and its Bermuda parent, Zurich Centre Holdings Ltd. have grown significantly since 1988.
And now Zurich Centre is undergoing a reorganisation of its US operations, which include Bermuda.
President and CEO designate Pau...
DATE: Oct 09, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
Centre Solutions (Bermuda) Ltd. has wasted no time in appointing the successor to president and CEO, David Brown.
Paul E. Hellmers will take over the job that Mr. Brown is set to vacate near the end of the year. But he is already phasing in time in t...
DATE: Oct 08, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
A Bermuda market reinsurance broker has been elected new designee representative of the 28,000-member US Chartered Property Casualty Underwriters (CPCU) Society, to represent new members of the CPCU's north east region for the next two years.
Vice pr...
DATE: Oct 07, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
Ruthardt.
The regulator who unsuccessfully sought to wrest control of insolvent insurer Electric Mutual Liability Insurance Co. from its Bermuda liquidators is now staring down state consumer activists who are calling for her head.
The state attorney...
DATE: Oct 07, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
The reinsurance subsidiaries of Bermuda-based New Cap Reinsurance Corporation Holdings Ltd. (New Cap Re) have had their claims paying ability ratings lowered by Duff & Phelps Credit Rating Co. (DCR).
New Cap Re faced significant underwriting losses a...
DATE: Oct 06, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
A serious decline in the value of the company's common shares has management of Bermuda-registered Sea Containers Ltd. perplexed.
President James B. Sherwood said the severe downturn was unjustified and Sea Containers was well placed to generate exce...
DATE: Oct 06, 1998
|
CATEGORY:
Other
|
AUTHOR:
David Fox, Business Editor
