76662 results returned for search: "" category "Business"
The Bermuda Commodities Exchange (BCE), a new Island-based exchange whose first members are AIG, Chase Manhattan and Guy Carpenter, will begin trading insurance derivative products in April, it was revealed yesterday.
Authorised by a private act of B...
DATE: Mar 11, 1997
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securities issued by its newly-created subsidiary business trust, RenaissanceRe Capital Trust.
The capital securities will semi-annually pay cumulative cash distributions at an annual rate of 8.54 percent as of September 1, 1997. Proceeds from the of...
DATE: Mar 11, 1997
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But the heavy volume falls short of the week ending February 7 when 176,577 shares worth $2 million traded.
Last week is believed only the third time volume has surpassed 100,000 since daily trading commenced four years ago.
Bank and utility stock ac...
DATE: Mar 10, 1997
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to protect the foreshore along Airport runways, and a further $300,000 to convert an existing structure for a Customs/Courier clearance shed.
Mr. Furbert announced the plans during budget debate on Ministry of Transportation expenditures in the House...
DATE: Mar 10, 1997
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Mid Ocean Ltd. has posted net income of $52 million for the first quarter to January 31, a 10.1 percent decrease over the same period the year before.
Earnings per share dropped from $1.57 to $1.43 for the comparative periods.
Net operating income, e...
DATE: Mar 10, 1997
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AUTHOR:
David Fox, Business Editor
within city department store H.A. & E. Smith as of May 1.
Reconstruction underway in Smith's main store will include the erection of an Astwood-Dickinson "shop within a shop'' where fine jewellery and watches will be sold.
Astwood-Dickinson president...
DATE: Mar 10, 1997
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year profit rose 33 percent.
For the 12 months ended December 31, the insurer made $28.8 million compared to $21.7 million.
Gross written premiums reached an all-time high of $109.6 million, up nine percent from $100.7 million in 1995.
The increase w...
DATE: Mar 10, 1997
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taken by The Shipowners Insurance and Guaranty Co. Ltd. (SIGCo) in the commercial Certificate of Financial Responsibility (COFR) market.
SIGCo was incorporated to provide COFR guaranties to the US Coast Guard on behalf of ship owners, as required und...
DATE: Mar 10, 1997
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AUTHOR:
David Fox, Business Editor
Bermuda's Airport later this year.
Transport Minister Wayne Furbert announced that Bermuda Aviation Services had won the contract to build the new centre next to Kindley Field Road.
It is expected to be open by August and officials hope it will stimu...
DATE: Mar 08, 1997
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the majority interest in the local insurance and shipping agency company, Harnett & Richardson Ltd. (H&R), together with the sale of prime Front Street real estate.
The parties were said to have initially reached agreement as far back as December, al...
DATE: Mar 07, 1997
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AUTHOR:
David Fox, Business Editor
