76553 results returned for search: "" category "Business"
Insurance economist Robert Hartwig yesterday said the Island's insurance sector is crucial to the industry's recovery on a global scale.
Although agreeing with recent international news reports that claim the surge of new capital to the Island's exis...
DATE: Jan 24, 2002
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Lines Overseas Management (LOM) (Holdings) Limited this week celebrated six months of listing on the Bermuda Stock Exchange (BSX) and released a further ten percent of its ordinary shares.
These represent the ten percent of the outstanding non-founde...
DATE: Jan 24, 2002
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AM Best has assigned an initial financial strength rating of A (Excellent) to Bermuda-based Grand Central Re Limited.
The company was set up in May, 2001 as a joint venture between Germany's second largest bank HypoVereinsbank and Bermuda-based reins...
DATE: Jan 24, 2002
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Bermuda's balance of payments surplus for the third quarter of 2001, which ended on September 30, stands at $34 million and could be seen as a sign of a continued slowing in the local economy.
Bermuda Monetary Authority (BMA) general manager Monroe S...
DATE: Jan 23, 2002
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More than $2 million was spent yesterday on Bank of Bermuda stock on Bermuda Stock Exchange, pushing its price up by 50 cents or more than one percent to $43.50.
The only other shares to change hands were Bank of Butterfield, which remained at $32.
T...
DATE: Jan 23, 2002
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The rate of new company incorporations for the third quarter of 2001, which ended on September 30, appears to be in decline with 376 incorporation applications being approved in the third quarter of 2001 compared to 505 during the same period the yea...
DATE: Jan 23, 2002
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NEW YORK (Reuters) - Accenture Ltd., the consulting firm once affiliated with accounting firm Andersen, said yesterday it had no involvement in the firm's services, including its audit of troubled Enron Corp.
Andersen disclosed earlier this month its...
DATE: Jan 23, 2002
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Bermuda-based conglomerate Tyco International yesterday announced that it plans to split in to four public companies.
Tyco said this move should lead to substantially greater total shareholder value by creating independent companies that will be more...
DATE: Jan 23, 2002
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Third quarter figures for 2001 from the Bermuda Monetary Authority (BMA) indicate there was close to $100 million more Bermuda dollars in circulation over the previous quarter.
The report, released yesterday, records there being $2.6 billion in circu...
DATE: Jan 23, 2002
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Bank of Bermuda's Dublin fund administration unit could triple its Irish staff to 300 over the next two years because of growth in its hedge fund business, according to an Irish newspaper.
Company spokesman Brian Wilkinson said the bank could triple ...
DATE: Jan 22, 2002
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