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Another record high was set by the Royal Gazette / Bermuda Stock Exchange as it closed at 5,188.66, up 14.12 points (0.27 percent) from Tuesday's previous record high.
Stocks valued at $28.5 million changed hands, including nearly half-a-million shar...
DATE: May 03, 2007
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For a second consecutive day, The Royal Gazette/Bermuda Stock Exchange reached a record closing high on massive trading volumes.
The Index of local company stocks closed up 14.12 points or 0.27 percent to 5,188.66 after shares valued at $28.5 million...
DATE: May 03, 2007
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AUTHOR:
Scott Neil
NEW ORLEANS (Bloomberg) — Willis Group Holdings Ltd., the world's third-largest insurance broker, rejected a new form of incentive pay from insurers that first-ranked Marsh & McLennan Cos. and No. 2 Aon Corp. have said they're considering.Willis won'...
DATE: May 03, 2007
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NEW YORK (AP) — Stocks jumped sending the Dow Jones industrials past 13,200 for the first time after a strong reading on US factory orders stoked investor optimism about the economy. The Dow gained more than 75 points and secured its second straight ...
DATE: May 03, 2007
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Bermuda can double its amount of insurance-related business with Latin American countries within the next two or three years — helping the Island to remain the world’s number one captive domicile.
That is the firm belief of Eduardo Fox, of Bermuda la...
DATE: May 03, 2007
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Aspen Insurance Holdings has blown analysts’ expectations out of the water after doubling first quarter profits.
The company’s results are the most outstanding year-on-year improvement yet reported by a Bermuda insurance and reinsurance company for t...
DATE: May 03, 2007
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AUTHOR:
Scott Neil
Heritage Underwriting, which has an office in Bermuda, has licensed Boston-based AIR Worldwide Corporation’s catastrophe risk management systems.
AIR’s catastrophe risk modelling systems will allow Heritage to monitor its Caribbean and US exposures w...
DATE: May 03, 2007
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TORONTO (Reuters) - The Toronto Stock Exchange's main index closed more than 100 points higher as a flurry of take-over deals including miner LionOre and steelmaker Ipsco extended the previous session's sharp gains.The S&P/TSX composite index closed ...
DATE: May 03, 2007
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A near $4 million drop in profits year-on-year has been recorded by White Mountains Insurance Group.
However, the group increased its revenue from insurance and reinsurance premiums by $37 million to a total of $938 million across its three units One...
DATE: May 03, 2007
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AUTHOR:
Scott Neil
Tyco executive settles
WASHINGTON (Bloomberg) — Former Tyco International Ltd. executive Edward Federman will pay $2.65 million to settle US Securities and Exchange Commission accusations he helped overstate operating income by more than $500 million...
DATE: May 03, 2007
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