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The Royal Gazette/Bermuda Stock Exchange Index fell 13.35 points yesterday to close at 3,877.93.
On a quiet day on the Exchange, Butterfield Bank fell 25 cents to close at $56 as investors traded in 1,621 shares.
The only other activity on the Exchan...
DATE: Nov 02, 2006
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LONDON (Bloomberg) ? Hiscox Plc, a Lloyd?s of London insurer on the verge of moving its domicile to Bermuda, plans to increase the amount of business it can insure at the market by five percent next year to take advantage of pricing ?opportunities?.
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DATE: Nov 02, 2006
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American Safety Insurance Holdings, Ltd. yesterday reported a 61 percent increase in net earnings for the three months ended September 30 to $5.4 million, or 50 cents per share, compared to $3.3 million, or 47 cents per diluted share, for the same pe...
DATE: Nov 02, 2006
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BOSTON (Bloomberg) — CVS Corp., the second-biggest US drugstore chain, yesterday agreed to buy Caremark RX Inc. for $21.3 billion to create a combined service that manages drug-benefit plans and sales at pharmacies.Investors will receive 1.67 shares ...
DATE: Nov 02, 2006
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NEW YORK (Reuters) — Marsh & McLennan Cos. Inc. , the world’s largest insurance broker by revenue, said yesterday that third-quarter earnings more than doubled, helped by cost cuts at its brokerage unit.The earnings beat Wall Street estimates, boosti...
DATE: Nov 02, 2006
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NEW YORK (Reuters) — Time Warner Inc. yesterday said third-quarter profit nearly tripled, boosted by a gain from the purchase of cable operator Adelphia Communications Corp. and other investments.The results also spotlighted a turnaround at the compa...
DATE: Nov 02, 2006
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The Bank of Bermuda/HSBC yesterday admitted that the ?challenges? from its changeover to its new $30 million electronic banking system had lasted longer than expected.
Since the Bank launched its upgrade on October 16, many customers have had to grap...
DATE: Nov 02, 2006
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WRITS
Alice Marie Franklin against Carmen Aldeza Franklin.
Allan William Eugene Daniels against the Queen.
The Queen against Kenneth Sinclair Durrant and Jevon Ernest Gardner.
The Queen against Kenneth Sinclair Durrant and Jevon Ernest Gardner.
In th...
DATE: Nov 01, 2006
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XL Capital has completed the first module of its insurance leadership course for Chinese executives and regulators as it bids to show its commitment to the Chinese insurance market.
“We are very proud of the global company we have built at XL and we ...
DATE: Nov 01, 2006
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Butterfield Bank yesterday posted net income of $34.7 million for the third quarter 2006, up 13.1 percent a year earlier as strong revenue growth offset jumps in expenses and staffing.
The result brought year to date net income to $101.6 million, a 1...
DATE: Nov 01, 2006
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