76552 results returned for search: "" category "Business"
Global Crossing Ltd.'s bankruptcy has delayed a $450 million contract to provide the US Department of Defense with fast internet services according to a report in yesterday's New York Times.
The prestigious contract is to fast internet services conne...
DATE: Feb 15, 2002
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Newly formed Bermuda insurer and reinsurer Arch Capital Group Ltd. (Arch) has filed a Form S-3 shelf registration statement with the Securities and Exchange Commission which permits the company to raise capital.
The form enables Arch to issue various...
DATE: Feb 15, 2002
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Bermuda holds the top spot as a domicile for captive insurance but the Cayman Islands and Vermont are closing the gap with record captive incorporations over the past year.
This according to preliminary data from AM Best, the rating agency that annua...
DATE: Feb 15, 2002
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Cooper Industries, Inc. yesterday announced that it has completed its strategic alternatives review process authorised by its Board in August 2001.
The Company, working with its financial advisors, Credit Suisse First Boston Corporation and Goldman S...
DATE: Feb 15, 2002
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Investors reacted enthusiastically to ACE Ltd.'s quarter and year end earnings, pushing the stock up approximately $3 or seven percent to $43 in trading on the New York Stock Exchange yesterday.
The company's astronomical 65 percent growth in premium...
DATE: Feb 14, 2002
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Deletta Gillespie had wanted to run her own business for seven years but finding funding for a small new business has not been easy.
But now the trained singer, dancer and actress has made her dream come true and set up on her own venture, MelodyGram...
DATE: Feb 14, 2002
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Bermuda-based Scottish Annuity & Life Holdings, Ltd. (Scottish) yesterday reported earnings which the company said had been affected by increased claims in the wake of the September 11 attacks.
Net operating earnings increased 17 percent to $8.2 mill...
DATE: Feb 14, 2002
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In a surprise move that is sure to shock Bermuda's insurance industry, Overseas Partners Limited (OPL) has announced it is bowing out of the market .
The privately-held company, set up in 1983 as United Parcel Service's (UPS) reinsurer, yesterday sai...
DATE: Feb 14, 2002
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Bermuda reinsurer PXRE Group, Ltd. yesterday reported a $17.97 million net loss or $1.55 per share compared with a loss of $10.8 million or $0.95 per share in 2000.
Releasing its quarterly and year end results on Tuesday, the company said the loss fo...
DATE: Feb 14, 2002
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The epic battle for control of the Thyssen family fortune that has been on hold in the Bermuda courts could be settled within the week, The Royal Gazette has learned.
Rumours about a settlement of the lengthy - and expensive - court case, in which fa...
DATE: Feb 14, 2002
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