76522 results returned for search: "" category "Business"
The Royal Gazette/Bermuda Stock Exchange Index yesterday closed at 2,234.96, a decline of 0.34 points or 0.02 percent, on a volume of 2,640 shares. BF&M stock dropped 0.5 percent to $10.25 on a shares volume of 317. Bank of Butterfield saw 1,995 shar...
DATE: Feb 28, 2003
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A Bermuda company may yet have the chance to run off the reinsurance business of Gerling Globale Ruck (GGR), the loss-making reinsurance subsidiary of Gerling Konzern, the German insurance group.
The planned sale of GGR to Lago Achte, the company con...
DATE: Feb 28, 2003
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Marsh Inc. has appointed Rory Gorman as head of its captive management office in Bermuda. Gorman joined Marsh in 1987 and most recently was responsible for Client Services in the Bermuda office.
He reports to Andrew Carr, whom he succeeds as office ...
DATE: Feb 28, 2003
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The subject of how to raise capital for local companies has long been a thorny issue in Bermuda.
Last week it was announced that the sale of Cellular Ones' parent company to a foreign owner had been blocked by the BMA.
It is indisputable that there i...
DATE: Feb 28, 2003
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Bermuda-based Montpelier Re Holdings Ltd. yesterday announced it had net income of $73.7 million in its fourth quarter and $152 million in its first full year of business.
And the reinsurer, formed in the wake of the 2001 September 11 terrorist attac...
DATE: Feb 28, 2003
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One of the mutual fund firms used by the BF&M golden accumulator pension scheme is being sued by Harvard University.
Harvard Management Company, which handles the college's 18 billion endowment filed a lawsuit in early February against Franklin Templ...
DATE: Feb 28, 2003
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WASHINGTON (Dow Jones/AP) - The Federal Trade Commission has subpoenaed Bermuda subsidiary Elan Corp. PLC for documents as part of a restraint of trade investigation related to the company's naprelan drug, according to a regulatory filing.
Dublin, Ir...
DATE: Feb 28, 2003
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The Bermuda Insurance Institute (BII) announced yesterday that the "father of the Bermuda reinsurance market", Mr. Robert Newhouse, is being bestowed a Lifetime Achievement Award for his significant contributions to the development of Bermuda's leadi...
DATE: Feb 28, 2003
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NEW YORK (Reuters) - A US federal judge has dismissed attempts by telephone service provider IDT Corp. to scuttle the sale of bankrupt Global Crossing Ltd's assets to two Asian investors. IDT, citing a threat to US national security, said it would mo...
DATE: Feb 28, 2003
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Six paralegal staff are to lose their jobs at Appleby Spurling & Kempe at the end of April.
The local law firm's decision to terminate the paralegal programme is regarded as pre-emptive action in the context of a "tougher market".
The paralegal progr...
DATE: Feb 27, 2003
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