76480 results returned for search: "" category "Business"
Endurance Specialty Holdings Ltd. last night said it expects to sustain losses from Hurricane Katrina between $375 million and $450 million.
Endurance, a Bermuda insurance and reinsurance company, said its preliminary estimate took into account reins...
DATE: Sep 14, 2005
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(Bloomberg) ? Tyco International Ltd. plans to sell its plastics business, the world?s biggest maker of clothing hangers and trash bags, by the end of this year, Tyco chief executive Ed Breen said at a conference in Phoenix.
?This calendar year, we p...
DATE: Sep 14, 2005
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Writs:
A writ has been filed between Surface Trends and C & N Construction Limited.
A writ has been filed by Indigo Private Trust Company Limited against Appleby Trust Company Limited.
A writ has been filed by Debbie Ball, Paulette Ball, Donna Ball a...
DATE: Sep 14, 2005
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nalysts are still engaged in assessing the total impact of Hurricane Katrina on the economy.
Obviously the effect on states in the Gulf Coast region is quite severe and full recovery will take place over an extended period of time.
The overall impact...
DATE: Sep 14, 2005
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A jump in gas prices is expected tomorrow as Hurricane Katrina?s impact on about ten percent of US refinery capacity siphons down to local pumps.
While the final price for gasoline will be set by the Bermuda Government mid-week and nothing is for cer...
DATE: Sep 13, 2005
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Bermuda companies can be expected to shoulder in excess of $2.5 billion in insurance claims arising from Hurricane Katrina, based on preliminary estimates issued by nine of the Island?s insurance and reinsurance companies.
On the whole, the insurance...
DATE: Sep 13, 2005
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Ratings agency concerns on the financial strength of insurance companies could lead more in the sector to explore the viability of bank loans as a means to improve their capital position, says Des Potter, head of insurance within the financial market...
DATE: Sep 13, 2005
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A former manager of Bermuda Gas yesterday agreed to reimburse the utilities company monies he pocketed through an undisclosed side business he set up to maintain the company?s used gas cylinders.
The defendant, Raymond Knight, in an order presented t...
DATE: Sep 13, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 15.14 points yesterday to close at 3645.44.
Argus Insurance Company recorded the biggest gains of the day. It gained 50 cents and closed at $27 after investors traded 9800 shares.
Butterfield Bank...
DATE: Sep 13, 2005
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The reinsurance industry will be able to cope financially with claims from Hurricane Katrina, according to Jeff Radke, president and chief executive officer of Bermudian catastrophe reinsurer PXRe.
?What matters is, can you pay your bills? And I can?...
DATE: Sep 13, 2005
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