76480 results returned for search: "" category "Business"
The Royal Gazette/Bermuda Stock Exchange Index lost 12.21 points yesterday to close at 3,630.64.
Butterfield Bank was the only stock to record movement. It lost 25 cents and closed at $43.50 on volume of 6,900 shares.
DATE: Sep 16, 2005
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Olympus Re, a Bermuda-based reinsurance company, saw its financial strength rating cut last night by AM Best Co., one of the most widely followed insurance rating agencies, because of concerns Katrina-related losses could undermine the company?s fina...
DATE: Sep 16, 2005
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The Royal Gazette/Bermuda Stock Exchange Index lost 9.90 points yesterday to close at 3642.85. Argus Insurance Company lost 75 cents and closed at $26.25 after investors traded 234 shares.
Devonshire Industries ? the parent company of Bermuda Paint c...
DATE: Sep 15, 2005
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The unexpected absence of an Alea executive scheduled to take part in a panel discussion yesterday raised eyebrows at the inaugural Bermuda Captive Conference 2005.
Robert Byler, chief executive of Alea Alternative Risk, was due to be one of three in...
DATE: Sep 15, 2005
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Reinsurance prices are expected to rise across the board by as much as 40 percent as a result of Hurricane Katrina, according to industry experts.
At the Rendez Vous in Monte Carlo, one of the world?s most important industry meetings, prices were alr...
DATE: Sep 15, 2005
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?Katrina is a big loss and will probably be a market-changing event,? said Ron Pressman, chief executive of GE Insurance Solutions, the insurance unit of the giant General Electric Co.
Katrina could have the same transforming impact on insurers and r...
DATE: Sep 15, 2005
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The man once deemed ?one of Silicon Valley?s best young CEOs? by the Wall Street Journal is settling in as Bermuda?s new US Consul General after two weeks on the job.
First-time diplomat Gregory Slayton, 46, brings an easygoing air to the office wear...
DATE: Sep 15, 2005
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The inaugural Bermuda Captive Conference drew 30 percent more delegates than anticipated with a total of 300 in attendance and some 190 of those attending from overseas.
Roger Gillett, chairman of the Insurance Development Council and the conference,...
DATE: Sep 15, 2005
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Bermuda reinsurance executive Patrick Thiele said the industry shouldn't step in to meet flood claims from policyholders in storm ravaged New Orleans if the coverage was excluded.
Mr. Thiele, chief executive of Bermudian reinsurer PartnerRe told Reac...
DATE: Sep 14, 2005
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Gilles Meyer, chief executive of Alea Europe, said the company could be an attractive buy for a Bermudian or American company after a ratings downgrade plunged the Bermuda-based company?s future into doubt.
Alea?s recent downgrade to BBB+ from A- by ...
DATE: Sep 14, 2005
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