Log In

Bank of Bermuda climbed $1.88 to close at $33.50, while Bank of Butterfield rose 50 cents to close the day at $16.50. The only other price change on the day was Kentucky Fried Chicken, which fell 25 cents to close at $3.25.

November 30. Many insurers, and most of the larger Bermuda-based companies use the calendar year as their financial year. The company announced yesterday that, starting with the 1999 fiscal year, it will change its fiscal year-end from November 30th ...

A second global satellite communications venture came crashing to earth late last week as ICO Global Communications filed for bankruptcy protection in the US Bankruptcy Court for the District of Delaware and sought to appoint a provisional liquidator...

ERROR RG P4 1.9.1999 Yesterday's Business story on Standard & Poor's listing of the 125 largest reinsurers at December 31, 1998 omitted to name PartnerRe, the second-largest Bermuda insurer, which appeared at number 21 on the S&P list. In the articl...

advent of the year 2000. "Preparation for the year 2000 involved the upgrading or replacement of several software packages as well as the advancement of several engine overhauls to ensure Y2K preparedness,'' said Belco chairman and chief executive of...

global, satellite communications network, filed for bankruptcy on Friday, becoming the latest casualty in the nascent satellite phone industry. ICO filed for Chapter 11 protection from its creditors in the US Bankruptcy Court in Delaware, according t...

up to the top job. And he said his mission is to prepare the party to fight the next General Election. Pensions consultant Mr. Tyrell said: "I would certainly say over the next couple of years while we're in Government and prior to the next General E...

In a ruling expected to have a far reaching effect on the ability of US companies to seek recoveries from foreign insurers protected by schemes of arrangement, the US Bankruptcy Court has issued an order preventing General Mills from taking action ag...

1,527.83 on a volume of 71,543 shares valued at $1,588,056. Two thousand, five hundred bonds valued $2,725 and 25,000 US shares worth $100,000. Bank of Bermuda shares were the week's big loser falling $1, or 2.88 percent, to $31.82. Bank of Butterfie...

change and closed at $32.00.