76472 results returned for search: "" category "Business"
Bermuda-based XL Capital Ltd. expects to record a loss of about $830 million in the fourth quarter related to a dispute with Credit Suisse Group over reserves at some insurance operations it bought from the Swiss bank, Bloomberg News reported.
An ind...
DATE: Nov 24, 2005
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Bermuda insurance officials have handed out at least ten class four licences ? reserved for highly-capitalised insurance and reinsurance companies ? to a wave of companies rushing to establish themselves in the Bermuda market ahead of what is expecte...
DATE: Nov 24, 2005
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IPC Holdings has seen its subsidiaries receive a downgrade from another ratings agency. S&P this week lowered its ratings on property catastrophe reinsurer IPCRe Ltd. and its Dublin, Ireland-based affiliate, IPCRe Europe Ltd to A from A+.
A financial...
DATE: Nov 24, 2005
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Bermuda-based global insurer XL Capital plans to lower its chance of ever again sustaining the $1 billion losses it posted in the third quarter by buying reinsurance from a new company being formed by an investment firm it has a long association with...
DATE: Nov 24, 2005
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, is a new $1 billion reinsurer being formed by Amlin, one of the largest UK-listed Lloyd?s insurers. The group?s Bermuda entity was licensed and incorporated on 24 October.
Amlin?s underwriting team is being headed by underwriting director John Andr...
DATE: Nov 24, 2005
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HSBC has relocated its flagship trustee company to Bermuda with the announcement that the Bank of Bermuda has acquired the company from HSBC Private Banking Holdings (Suisse) Sa. HSBC International Trustee Limited had assets under administration of $...
DATE: Nov 24, 2005
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The Royal Gazette/Bermuda Stock Exchange Index remained unchanged yesterday to close at 3,829.40.
In a moderate day of trading, Index bellwether Butterfield Bank was the only issue to change hands as investors traded in 5,760 shares to remain unchang...
DATE: Nov 24, 2005
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Men and women looking to build a career as certified mechanical and electrical trades people are being encouraged to attend Belco?s Trade Information Sessions next week.
The trade information sessions are aimed at anyone interested in Belco?s Apprent...
DATE: Nov 23, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 14.66 points yesterday to close at 3,829.40.
In an active day of trading Bermuda Aviation Services rose $2.05 cents to close at $8 as investors traded in 1,000 shares and Butterfield Bank moved up...
DATE: Nov 23, 2005
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ow that we are heading towards a "ubiquitous network society", one in which networks and networked devices are omnipresent, none of us will be able to opt out of the connected universe.
In fact us humans will be sharing this connected world with a lo...
DATE: Nov 23, 2005
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AUTHOR:
Ahmed Elamin
