76548 results returned for search: "" category "Business"
Not all of the new insurance companies set up in Bermuda because of the shortage in capacity following the September 11 terrorist attacks on the United States will not make it, according to the head of a leading reinsurance company.
Patrick Theale, c...
DATE: May 02, 2002
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Bermuda-based ACE Ltd. yesterday reported strong first quarter results - the insurance group posted net earnings of $197.8 million compared with $108.4 million for the same period last year - but numbers were not as high as Wall Street analysts had a...
DATE: May 02, 2002
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Finance Minister Eugene Cox yesterday gave an update on the Island's progress in meeting recommendations of a KPMG review on the financial regulations of UK overseas territories.
The review followed the UK Government presenting a White Paper in 1999 ...
DATE: May 02, 2002
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The management of Tewksbury Capital Management Ltd. said the company is to set up offices in the United States, but said that they are not moving out of Bermuda and no jobs are expected to be lost.
The industry was awash with rumours yesterday that t...
DATE: May 01, 2002
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Merrill Lynch, the Wall Street bank at the centre of an inquiry into conflicts of interest, has fired a top Tyco analyst, according to the UK newspaper The Independent. The bank has fired Phula Young, one of its top analysts, for sending out research...
DATE: May 01, 2002
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Bank of Bermuda's profits have slumped again by over 20 percent in the first quarter of 2002, with management blaming weak equity markets and low interest rates for the slump.
Net income on core operations fell by $6.6 million from $31.5 million in t...
DATE: May 01, 2002
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Business disaster recovery became a hot topic after the September 11 terrorist attack on the World Trade Center.
Since then providers of such services and advisors have taken the opportunity to highlight their various wares and the reasons why manage...
DATE: May 01, 2002
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The patriot tax issue continued to smoulder last week with House Democratic Leader Richard Gephardt adding his voice to those in support of legislation that would adversely affect companies that move overseas - including US firms that reincorporate i...
DATE: May 01, 2002
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A Financial Times survey of hedge funds has focused on Max Re as a “tax-efficient” investment vehicle, but pointed to worries that the US may clamp down on a “tax loophole” that allows these entities to exist.
The article, called “Rise of the hedge f...
DATE: May 01, 2002
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Profits at Bermuda-based W.P. Stewart & Co. Ltd. have dropped by over 25 percent in the first quarter of 2002 compared to a year earlier, with the company blaming the reduction in commission income.
The Hamilton-based asset management company reporte...
DATE: May 01, 2002
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