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A.M. Best Co. has affirmed the financial strength rating of A+ (superior) and issuer credit ratings of "aa-" of the reinsurance and insurance subsidiaries of Bermuda-based Everest Re Group Ltd. The outlook for all ratings is stable.
A statement from ...
DATE: Jun 14, 2007
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Bermuda-based Quanta Capital Holdings Ltd. has attracted strong investor interest over the past week resulting in a 10.5 percent rise in its share price.
The boost in the insurer and reinsurer's fortunes came about after the company announced on June...
DATE: Jun 14, 2007
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AUTHOR:
Jonathan Kent
Early evening shopping in Bermuda started this week in a battle to win back shoppers who are increasingly buying items overseas rather than at local stores.
The commencement of late night shopping on Tuesday comes as evidence shows that many Bermuda ...
DATE: Jun 14, 2007
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AUTHOR:
Scott Neil
For a second day there was no change to the Royal Gazette / Bermuda Stock Exchange, although stocks worth more than $3 million were traded.
The Index remained stationary at 5,148.17 points. However, 51,413 shares of Butterfield Bank changed hands but...
DATE: Jun 14, 2007
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NEW YORK (Reuters) — The push for biofuels using materials such as corn threatens to further strain global food stocks, raising chances for a surge in food prices and inflation, strategists said.The strategists, speaking this week at the Reuters Inve...
DATE: Jun 14, 2007
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LONDON (Reuters) — The taxman is writing to 200,000 people urging them to come clean over any unpaid taxes on offshore accounts.HM Revenue & Customs (HMRC) said yesterday it would be sending the letter from today to around half of the 400,000 people ...
DATE: Jun 14, 2007
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LONDON - The UK's leading share index ended down 0.7 percent, with banks worst hit as US and European markets were knocked by fears that strong global growth would force interest rates higher around the world. The FTSE 100 closed at 6,520.4 points, d...
DATE: Jun 13, 2007
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NEW YORK (AP) — Wall Street plunged Tuesday as investors, driving the Dow Jones industrial average down nearly 130 points, grappled with a seemingly relentless rise in bond yields.It was a fitful trading session that saw stocks tumble, claw their way...
DATE: Jun 13, 2007
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Harbourfront Restaurant has moved — taxi!
Actually, if you're a regular of the popular Front Street restaurant you won't have to worry about hailing a taxi to get to the new location because its owners are, for the moment, laying on a free taxi servi...
DATE: Jun 13, 2007
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AUTHOR:
Scott Neil
Ratings agency A.M. Best Co. has affirmed the financial strength rating of A- (excellent) for the operating subsidiaries of Bermuda-based Glencoe Group Holdings Ltd. and upgraded the outlook for the rating from stable to positive.
The affirmation of ...
DATE: Jun 13, 2007
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