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The Bermuda Stock Exchange (BSX) opened and closed at 1,151.34 yesterday.
The Index traded no shares during the day.
The BSX Index, however, was down three points (0.29 percent) at 1,016.
DATE: Jan 11, 2011
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK/WASHINGTON (Reuters) - American International Group Inc shares are expected to settle back to a level in the mid-$40 range once the company’s recently approved warrants begin trading, a person familiar with the situation said yesterday.
But ...
DATE: Jan 11, 2011
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CATEGORY:
International Business
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Bermuda’s construction crisis will barely be improved by the imminent hospital redevelopment and Waterloo House hotel project, according to Construction Association of Bermuda president Andy Pereira.
He said only two major Bermudian contractors are i...
DATE: Jan 11, 2011
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CATEGORY:
Economy
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AUTHOR:
Tim Smith
Bermuda-based insurer Omega Insurance Holdings Ltd has been approached by Lloyd’s market rival Canopius Group Ltd about a possible takeover.
Omega’s board of directors announced the news in a press statement yesterday, just as Canopius was announcing...
DATE: Jan 11, 2011
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CATEGORY:
International Business
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Bermuda re/insurer American Safety Insurance Holdings Ltd’s subsidiaries’ (ASI) financial strength rating of A (excellent) and issuer credit rating of “a” have been affirmed by AM Best Co.
Best also has affirmed the ICR of “bbb” of ASI. The outlook f...
DATE: Jan 11, 2011
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CATEGORY:
International Business
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A hedge fund manager who used to work in Bermuda as a reinsurance actuary is finding great success in his new career in Singapore.
Leow Kah Shin, a former employee of Max Capital (now known as Alterra Capital Holdings), now runs Quantedge Capital, wh...
DATE: Jan 10, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) - American International Group Inc. (AIG), recipient of a $182.3 billion US government rescue, agreed to pay $450 million to rivals to settle claims it shortchanged industry-funded pools that insure injured workers.
Travelers Cos...
DATE: Jan 10, 2011
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CATEGORY:
International Business
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Keytech Ltd. was the biggest climber on The Bermuda Stock Exchange (BSX) last week, rising 8.5 percent (54 cents) to $6.90.
The telecommunications provider traded 7,193 shares during the day.
Bermuda Commercial Bank Ltd. was up 1.5 percent (15 cents)...
DATE: Jan 10, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based CatCo Investment Management Ltd. has brought a capital markets approach to the reinsurance industry - and in the firm's early months of operation it has already proved popular with investors and reinsurance buyers alike.
CatCo's chief e...
DATE: Jan 10, 2011
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CATEGORY:
International Business
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Mike Harris has been appointed chief technology officer of QuoVadis Services Ltd.
The Bermudian has 20 years’ experience designing and managing large telecommunications and IT infrastructures on the island for companies including IBL (the predecessor...
DATE: Jan 10, 2011
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CATEGORY:
Other
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