76504 results returned for search: "" category "Business"
NEW YORK ? United Parcel Service Inc. has agreed to settle a consolidated class action lawsuit that alleged it overcharged shippers for excess-value package insurance written by a Bermuda-based Overseas Partners Ltd.
Busioness Insurance reported yest...
DATE: Aug 04, 2004
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Bermuda's financial services sector can expect increased regulation in the foreseeable future.
The Bermuda Monetary Authority said yesterday that future legislative changes will include introducing formal standards for counter-terrorist financing pro...
DATE: Aug 04, 2004
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Devonshire Industries Ltd. reported its best profit in the last five years when it posted earnings of $465,000 last week.
The parent company of Bermuda Paint revealed a 41.4 percent increase in net income compared to 2003, over which the company saw ...
DATE: Aug 04, 2004
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(Bloomberg) ? Bermuda-based Tyco International Ltd., the world?s biggest maker of electric connectors and security systems, said third-quarter profit rose 63 percent, lifted by a rebounding economy and lower costs. The company raised its 2004 forecas...
DATE: Aug 04, 2004
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Max Re Capital Ltd. yesterday reported a 59 percent drop in net income in its second quarter as a plunge in alternative investment income offset an improved underwriting performance.
Max Re reported net income for the three months ended June 30 of $1...
DATE: Aug 03, 2004
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Over the holiday weekend, Bermuda-based Max Re Capital Ltd. announced the renewal of chief executive officer Robert Cooney's contract as well as the appointment of executive vice president and chief risk officer of the company's subsidiary Max Re Ltd...
DATE: Aug 03, 2004
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As A.S. Cooper and Sons prepares to renovate its main building, it has opened another branch store Cooper's Express in the Washington Mall.
The company's overhaul consists of the expansion into several such stores as Cooper's MAN and Cooper's Cachet ...
DATE: Aug 03, 2004
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The Royal Gazette/Bermuda Stock Exchange Index yesterday fell 2.62 points to close at 3,075.42.
The Bank of Butterfield saw the largest volume of shares traded, with 20,800 shares changing hands and no change to the share value of $42.
Bermuda Contai...
DATE: Aug 03, 2004
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XL Capital Ltd has appointed Eugene M. McQuade to its board of directors.
Mr. McQuade was formerly president of Bank of America and prior to that was president and chief operating officer of FleetBoston Financial.
XL chairman Michael P. Esposito Jr. ...
DATE: Aug 03, 2004
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Rising interest rates battered Bermuda-based White Mountains Insurance Group Ltd.?s comprehensive net income for the second quarter by 76 percent, the company has reported.
Comprehensive net income for the quarter was $38 million compared to $163 mil...
DATE: Aug 03, 2004
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