76504 results returned for search: "" category "Business"
The Bank of Bermuda has seen its employee numbers fall since announcing its merger with HSBC Plc - but so far it has not had to make any redundancies.
Bank executives, at the time of announcing its $1.3 billion sale to the multinational banking giant...
DATE: Mar 19, 2004
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Colonial Insurance Group is getting into the reinsurance business.
Colonial and its affiliates in the Bahamas and the Cayman Islands are setting up Colonial Re, which will self-insure some of its catastrophe insurance issued throughout the Caribbean....
DATE: Mar 19, 2004
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Oil Insurance Ltd. turned a profit of $420 million in the 2003 financial year, after suffering a loss of $210 million the previous year.
OIL, which is a mutual insurance company which covers companies in the energy industry, said the profit came as a...
DATE: Mar 19, 2004
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Troubled Bermuda reinsurer Centre Solutions has been hit with its second ratings blow in a week.
On Tuesday, leading rating agency Standard & Poor?s lowered Centre?s ? a company effectively put into run off late in 2002 ? counterparty credit and fina...
DATE: Mar 19, 2004
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NEW YORK (Bloomberg) ? XL Capital Ltd. yesterday sold $750 million of debt that converts into stock to replenish its capital.
In February, XL reported a fourth- quarter loss of $305 million after setting aside $694 million to increase reserves for po...
DATE: Mar 19, 2004
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Investing one?s hard-earned cash can be a daunting prospect.
But certified financial planners staffing a dedicated investment centre at the Bank of Bermuda say they can make it a little less painful by going through investment options and fundamental...
DATE: Mar 19, 2004
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PartnerRe Ltd. is seeking shareholder approval to increase the maximum number of directors on its board to 11 from ten, according to a preliminary proxy filed with the Securities and Exchange Commission.
The company also said in the filing from late ...
DATE: Mar 19, 2004
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A leading brokerage firm is gearing up to do more business in the Bermuda market ? and has given one of its senior executives oversight of that task.
Aon Group (Bermuda) said yesterday that 40-year company veteran Ross McKenzie had been named vice-ch...
DATE: Mar 19, 2004
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Government?s policy on term limits for non-Bermudian workers is not aimed at punishing expatriate employees but ensuring that Bermudians have opportunities to take part in a growing sector, according to Premier Alex Scott.
And he revealed in an inter...
DATE: Mar 18, 2004
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Fast food outlet KFC Ltd.'s annual net income soared 60 percent to $256,880 as the company recorded a $188,181 increase in sales, the company reported yesterday.
KFC chairman Donald Lines said the company plans to close the Queen Street restaurant fo...
DATE: Mar 18, 2004
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