76552 results returned for search: "" category "Business"
HAMILTON, Bermuda (Reuters) - Bermuda insurance group ACE Ltd. reported sharply lower quarterly profits yesterday as it set aside
cash for reserves and suffered higher than usual property claims in Europe.
Net income for the quarter ended December 31...
DATE: Feb 13, 2002
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Overseas Partners Ltd. announced yesterday it would cease underwriting in most of its units and would put its US unit, OPUSRe, up for sale.
A statement said that following several strategic reviews, the board of directors of OPL had decided that OP...
DATE: Feb 13, 2002
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The fifth Bermuda Insurance Symposium - billed as the world's biggest gathering of insurance brass - is only a week away.
A coup for organisers this year, Maurice (Hank) Greenberg, chairman and CEO of AIG, has been secured as the keynote speaker on W...
DATE: Feb 12, 2002
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One of the nine new insurance companies to set up in Bermuda in the wake of the September 11 disaster, Goshawk Re, has officially opened for business.
The company, which is a subsidiary of British insurance company Goshawk Insurance Holdings Plc, has...
DATE: Feb 12, 2002
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A piece of legislation which makes it easier for non-insurance companies such as mutual funds set up a segregated account company in Bermuda will take the Island ahead its competitors in other jurisdictions.
This is according to the lawyers at Appleb...
DATE: Feb 12, 2002
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The rate of inflation in Bermuda dipped slightly in December to stand at 2.8 percent, according to statistics released last night by the Government.
The Consumer Price Index, which in Bermuda is used to measure inflation, fell below the 2.9 percent r...
DATE: Feb 12, 2002
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Nearly $3 million worth of stocks changed hands on the Bermuda Stock Exchange index last week, but the index dipped 6.3 points after LOM, Long Botham Boats and Argus took hits over the week.
LOM lost 55 cents to finish at $3.25, Long Botham Boats, th...
DATE: Feb 11, 2002
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Government regulations on how companies issue digital certificates for online transactions were presented to the House of Assembly on Friday.
Telecommunications Minister Renee Webb said the regulations, which were introduced last month, "represent a ...
DATE: Feb 11, 2002
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Last week we talked about Joe Rego's climb up to the senior position of President of Insurance Broking for Aon Bermuda. This week we will look at how Joe and the industry have changed as a result of the terror attacks of September 11, 2001.
When aske...
DATE: Feb 11, 2002
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Failed Bermuda-based telecommunications giant Global Crossing is being investigated by the Securities and Exchange Commission (SEC) as well as the Federal Bureau of Investigation (FBI) it was revealed on Friday night.
Former Global Crossing vice pres...
DATE: Feb 11, 2002
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