76483 results returned for search: "" category "Business"
Bermuda-based Tokio Millennium Re Ltd.'s financial strength rating was yesterday downgraded from A++ to A+ by ratings agency A.M. Best.
But the agency changed the company's outlook to stable from negative.
A.M. Best also assigned an issuer credit rat...
DATE: Jul 13, 2005
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Writs
A writ has been filed by Global Construction Limited against Hamiltonian Hotel and Island Club Limited
A writ has been filed by Dr. Wilbert Warner against Nelson Oliver and Andre Heyliger
A writ has been filed in the matter of Bungy Limited and...
DATE: Jul 13, 2005
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The chairman of the Bermuda Donor Forum said yesterday that while corporate Bermuda remains very generous, with 16 of the forum?s own members collectively giving more than $13 million to charity last year, community demand is testing the ability of d...
DATE: Jul 13, 2005
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Who controls the Internet? Why, the US of course.
Despite previous promises to turn control of the Internet's root servers over to an international body, the US on June 30 announced it would indefinitely retain oversight of the Internet's main traffi...
DATE: Jul 13, 2005
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Salt Rock Grill owner Rick Olson has launched legal action against his former general manager Heather Joy Burrows.
Mrs. Burrows was the general manager of the Somerset restaurant and bar from the time it opened almost two years ago until two weeks ag...
DATE: Jul 13, 2005
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AM Best said XL Capital?s after-tax reserve charge of $183 million may have potential implications for reinsurers that have not been as proactive in addressing legacy issues.
The Bermuda-based company increased reserves on Friday to pay recently repo...
DATE: Jul 12, 2005
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Three new insurance companies received licences to do business in Bermuda last month compared to seven new incorporations in June, 2004.
Two of the new incorporations in June ? Gauntlet Standard Insurance Company Limited and Gennaker Insurance Compan...
DATE: Jul 12, 2005
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The Royal Gazette/Bermuda Stock Exchange Index lost 13.32 points yesterday to close at at 3,291.21.
Butterfield Bank was the only stock to record movement with investors trading 3,726 shares and pushing down the price 30 cents to $41.20.
The Bermuda ...
DATE: Jul 12, 2005
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NEW YORK (Bloomberg) ? More than 95 percent of Loral Space & Communications Ltd.?s creditors voted in favour of a plan to get the No. 3 U.S. satellite maker out of bankruptcy and repay debt.
The voting results allow Bermuda-registered Loral to seek a...
DATE: Jul 12, 2005
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Michael Cash, the Bermudian head of RenaissanceRe Holdings' specialty reinsurance unit, has resigned after refusing to voluntarily accept service of a subpoena from the Securities and Exchange Commission calling for his testimony in its investigation...
DATE: Jul 12, 2005
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