49296 results returned for search: "" category ("Other" AND "Business")
American Safety Insurance Holdings, Ltd. said yesterday that ratings agency A.M. Best Company had affirmed the rating of ?A? (Excellent) of its US insurance and Bermuda reinsurance subsidiaries, and had changed the outlook to ?stable?.
According to A...
DATE: Oct 03, 2006
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Troubled insurer Alea Group Holdings (Bermuda) Ltd. yesterday sold a US subsidiary to a unit of Praetorian Financial Group for $34.6 million.
Alea, which is in run-off, said its subsidiary, Alea North America Insurance Company, completed the sale of ...
DATE: Oct 03, 2006
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The Royal Gazette/Bermuda Stock Exchange Index remained unchanged yesterday to close at 4,938.40
Although five issues traded, none changed price and volumes were generally light.
Butterfield Bank traded 404 shares to close at $56.50 while Bermuda Com...
DATE: Oct 03, 2006
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French oil company Rubis SA yesterday announced it had completed the purchase of Shell Oil?s operations in Bermuda.
According to a statement on the company?s website, Shell?s business in Bermuda will continue to be marked under the Shell brand.
Terms...
DATE: Oct 03, 2006
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Long-time Bermuda-based shipping company Sea Containers Ltd. will be forced to cease trading on the New York Stock Exchange today.
Sea Containers, which has seen its share price plummet on the NYSE since May when the shares were trading at more than ...
DATE: Oct 03, 2006
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More than 50 Bank of Bermuda staffers headed to Spice Valley Middle School yesterday to inform the youngsters about roles at the bank, the many different careers available in the banking sector and educational requirements for different jobs.
The sch...
DATE: Oct 03, 2006
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Companies that fail to protect critical business documents in their computer systems could end up costing themselves and may face damaging lawsuits, according to an information technology consultant.
TBS Ltd. managing director Danny Dunlop said: ?Unf...
DATE: Oct 03, 2006
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Belco Holdings Ltd. yesterday reported virtually flat profits for the first half of 2006 as local residents conserved energy in the face of rising fuel costs.
The utility group said net earnings fell 2.1 percent to $8,355,586 from $8,539,139 in the f...
DATE: Oct 03, 2006
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The Royal Gazette/Bermuda Stock Exchange Index gained 75.477 points last week to close at 4,938.40.
During a moderate week of trading, Belco led the advances as it gained $4 to close at $27.50 as investors traded in 2,210 shares.
Watlington Waterwork...
DATE: Oct 02, 2006
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(Bloomberg) ? US Representative Ed Royce added to calls for a new system of insurance regulation, introducing a bill that would give insurers the option of federal, rather than state, oversight.
The proposal, a companion bill to legislation introduce...
DATE: Oct 02, 2006
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