49296 results returned for search: "" category ("Other" AND "Business")
Arch Reinsurance Ltd. is opening a branch office in Zurich, Switzerland. The new office will focus on regional business that is complementary to the existing relationships of Arch Re in Bermuda. The new office will also have a strong emphasis on the ...
DATE: Oct 18, 2006
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The Royal Gazette/Bermuda Stock Exchange Index gained 31.24 points yesterday to close at 4,901.11.
On a day of quiet trading, Butterfield Bank rose 25 cents to close at $56.50 as investors traded in 435 shares.
The only activity on the Exchange saw t...
DATE: Oct 18, 2006
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LONDON (Reuters) ? Britain?s financial services chiefs will press for less red tape and lower taxes at a meeting with finance minister Gordon Brown yesterday but warm words rather than policy promises are all they?re likely to get.
HSBC chief executi...
DATE: Oct 18, 2006
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Ratings agency A.M. Best Co. has upgraded the financial strength rating of Ace European Group Ltd, a subsidiary of Hamilton Bermuda-based Ace Ltd.
Best upgraded the rating of Ace European Group Ltd. from A to A+. Best said in a statement that it expe...
DATE: Oct 18, 2006
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NEW YORK (Bloomberg) ? Bermuda-based Sea Containers Ltd., owner of businesses including UK train operator GNER and a ferry that links New Jersey and Manhattan, owes its 20 largest unsecured creditors more than $467 million, bankruptcy court records s...
DATE: Oct 18, 2006
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Local insurance company the Argus Group has had its financial strength rating of A affirmed by ratings agency A.M. Best Co., which also said the outlook for the rating is stable.
Best said the affirmation recognised Argus' consistently strong operati...
DATE: Oct 18, 2006
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Local information technology group The Omni Group this week launched a new platform that will give small and medium-sized companies access to advanced computer solutions.
The platform, called TVIS, allows TOG to create customised computing solutions ...
DATE: Oct 18, 2006
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Butterfield Bank yesterday announced that it is exploring the possible purchase of Bermuda Commercial Bank ? one day after former chairman John Deuss was granted a $10 million bail agreeing to travel with Police to Holland for questioning about suspe...
DATE: Oct 18, 2006
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Robert Andrews has been named as head of XL Capital's global ceded insurance operations.
Mr. Andrews will oversee XL Insurance's global ceded reinsurance operations and the placement of its reinsurance treaties. He will be based in XL's Hartford, Con...
DATE: Oct 18, 2006
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ZURICH (Bloomberg) ? Swiss reinsurer Converium Holding AG yesterday agreed to sell its North American operations to Warren Buffett?s Berkshire Hathaway Inc. for $95 million to help restore its credit rating.
Berkshire Hathaway will also assume $200 m...
DATE: Oct 18, 2006
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