76492 results returned for search: "" category "Business"
Bermuda-based insurance giant ACE Ltd. still isn't saying when it will be releasing the findings of an internal investigation into whether there was "any illegal or grossly improper behaviour at ACE" ? a report that had been promised in February.
The...
DATE: Apr 01, 2005
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Just one quarter of the public feel Bermuda?s economy is moving in the right direction.
And 45 percent say they feel it is going in the wrong direction, according to a Research Innovations public opinion survey conducted for in March.
The statistics ...
DATE: Apr 01, 2005
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Puisne Judge Geoffrey Bell yesterday called into question a court order key to a legal dispute between Hardell Entertainment Ltd. against the Ministry of Telecommunications.
The parties have been engaged in a legal battle since 2003 when then Ministe...
DATE: Apr 01, 2005
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Finite risk is a reinsurance contract under which the ultimate liability of the reinsurer is capped in return for the potential for a rebate on good loss experience of the insured.
Although this kind of reinsurance is sometimes referred to as ?financ...
DATE: Mar 31, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 15.36 points yesterday to close at 3,307.95. The price of Butterfield Bank gained 30 cents to close at $41.50 after investors traded 13,502 shares.
Belco Holdings Ltd., which announced strong resu...
DATE: Mar 31, 2005
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LONDON (AP) ? Ferry and high-speed train operator Sea Containers Ltd. said that it swung to a loss in the latest fourth quarter from year-ago profit, due to an asset impairment charge and hefty costs to settle certain contract matters with the Strate...
DATE: Mar 31, 2005
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Bermuda-based reinsurer Imagine has been drawn into a US investigation of AIG?s finite risk dealings with offshore entities.
Imagine ? set up in Bermuda in January, 2001 with a focus on finite risk reinsurance ? was subpoenaed at the end of last year...
DATE: Mar 31, 2005
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Belco Holdings Limited recorded a seven percent increase on consolidated net earnings in 2004.
The parent company for Bermuda Electric Light Company Limited (Belco), Bermuda Gas & Utility Company Limited, Belco Energy Services Company Limited (BESCO)...
DATE: Mar 31, 2005
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The attention of US regulators on Bermuda after probes into AIG's dealings with offshore reinsurers is something to watch closely, says one of the Island's leading businessman.
Chairman of the Association of Bermuda International Companies (ABIC) Dav...
DATE: Mar 31, 2005
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After topping out in early March, stock markets have experienced a sharp fall, and investors are looking for some signs of bottoming. It could be argued, based on sentiment indicators, that pessimism has gone a bit too far and the market is searching...
DATE: Mar 30, 2005
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