76548 results returned for search: "" category "Business"
Kentucky Fried Chicken (Bermuda) Limited suffered poor sales following September 11 which led to decreased profits according to board chairman Donald Lines.
Announcing results, Mr. Lines said net income for the year ended 31st January 2002 amounted t...
DATE: May 14, 2002
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Bermuda's Arch Capital's business is booming in 2002 with a $278 million rise in the amount of net premiums written.
Net premiums written for the 2002 first quarter were $280.7 million, compared to $2.8 million for the first quarter of 2001.
But net ...
DATE: May 14, 2002
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The New York Times yesterday joined the attack on Bermuda as a tax-cutting magnet for international business.
In an editorial the paper slammed an “alarming exodus of greedy companies'' reincorporating in Bermuda.
The editorial - from a paper with a ...
DATE: May 14, 2002
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Bermuda reinsurer ESG Re has posted a $5.5 million or $0.47 per share loss in the first quarter despite an upward trend for the company's results after losing a large contract in North America in 2000, the company reported last week.
ESG Re's chief e...
DATE: May 14, 2002
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Aquila Re president and CEO Brian O'Hearne is dedicated to redrawing the insurance landscape by promoting the convergence of risk management techniques in the energy, insurance and capital markets.
At the recent Risk and Insurance Management Society ...
DATE: May 13, 2002
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ACE Limited and XL Capital Ltd. have dedicated the walkway located between the two headquarters to founding director Robert Clements.
Two plaques at the southern end of the walkway that links Pitts Bay Road to Gorham Road were unveiled on Thursday.
O...
DATE: May 13, 2002
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Many eyes will be on the Bermuda reinsurers come July 1, 2002. Many are saying the full impact of the new capacity in the reinsurance industry won't be felt until then, a significant renewal period for many of the large Fortune 500 companies.
Large p...
DATE: May 13, 2002
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Despite the high-profile political and media frenzy targeting US corporations that move out of America to save taxes, toolmaker Stanley Works will go ahead with reincorporation to Bermuda after securing nearly 70 percent approval from shareholders in...
DATE: May 10, 2002
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The Bank of Bermuda has announced approval by the board of directors to increase the limit of its buy-back programme from one million common shares, set in December 1998, to 2.5 million common shares.
Edward Gomez, chief financial officer, said of th...
DATE: May 10, 2002
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Cost cutting has proven a winner for Bermuda Container Line Ltd. (BCL) who this week reported record results for 2001.
Importers will also be happy to hear that the company has reduced a broad range of freight rates due to the excellent financial pos...
DATE: May 10, 2002
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