76514 results returned for search: "" category "Business"
In 2002 $134,334 was seized in four separate cases under the Proceeds of Crime Act 1997. These funds had been changed from Bermuda dollars into US dollars and were about to be exported out of the country by a "human courier" and were linked to drug t...
DATE: May 06, 2003
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The number of new company incorporations has risen once again to 384 in the fourth quarter of 2002, after falling off during the rest of the year.
Year on year, however, the figure is down seven percent from 415 in the fourth quarter of 2001 - a year...
DATE: May 06, 2003
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The Royal Gazette/Bermuda Stock Exchange Index closed unchanged yesterday at 2,410.91 after a day of little activity. Thirty-two BELCO Holdings shares traded, with a closing price of $32.
DATE: May 06, 2003
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Bermuda-based Allied World Assurance Holdings, Ltd. (AWAC) expects premium rates to remain strong as it reported a surge in net income of $55.8 million for the first quarter.
AWAC said its net more than tripled than the $17.8 million in the year-ago ...
DATE: May 06, 2003
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New offices and new strategy at Max Re have been accompanied by improved profits for the first quarter of 2003.
The Bermuda-based insurer moved into new offices on Pitts Bay Road on April 1 and announced net income of $14.5 million for the first quar...
DATE: May 06, 2003
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Money laundering Police could do more in the battle to fight crime if they had more staff and resources, according to Detective Inspector Gary Wilson of the Financial Investigation Unit.
And it is a challenge for the department for the unit to invest...
DATE: May 06, 2003
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The Bombay Indian Restaurant was dismantled yesterday when owner John Roach had the sad task of selling off all the fixtures and fittings.
Dozens of people went to the restaurant on Reid Street to snap up the tables, chairs, lights, wall hangings and...
DATE: May 06, 2003
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The Council of Insurance Agents and Brokers (CIAB) has issued a report that property casualty insurance rates in the US are stabilising, according to a recent story in the insurance trade paper Business Insurance.
The survey concluded that property/c...
DATE: May 05, 2003
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While the financial guaranty market is not likely to see new entrants, competition is likely to come in the form of greater participation by the primary insurers, according to Joy Richardson, president and chief executive officer of RAM Re.
RAM Re is...
DATE: May 05, 2003
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The Globalisation of Mutual Funds conference, which starts today at the Fairmont Southampton Princess, may not be the largest offshore fund conference - but it is the most highly regarded, says one of the organisers.
Conference chairman Peter Rodger ...
DATE: May 05, 2003
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