49296 results returned for search: "" category ("Other" AND "Business")
Some of the Island?s insurers ? including giant ACE Limited ? are now requiring staff to give three months notice when leaving the company, in a bid to stem the flow of departures to a crop of new competitors currently entering the Bermuda market.
It...
DATE: Dec 22, 2005
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PXRE Group Ltd. has secured $250 million of new risk capital from a Cayman Island reinsurance company to provide coverage for second event losses arising from hurricanes in the Eastern and Gulf coasts of the United States, windstorms in northern Euro...
DATE: Dec 22, 2005
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The Royal Gazette/Bermuda Stock Exchange Index fell 2.41 points to 3,882.76 yesterday with Butterfield Bank being the only advancer on the day, closing at $46.60 on a volume of 7,650, up $0.05 from Tuesday.
Closing unchanged was Key Tech as 1,000 sol...
DATE: Dec 22, 2005
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Almost 13 percent more Bermuda currency and notes will be in circulation this holiday period compared to the same period in 2004, according to figures released by the Bermuda Monetary Authority yesterday.
During the 2005 holiday period $113.6 million...
DATE: Dec 22, 2005
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A.M. Best has affirmed and removed from under review XL Capital?s ratings in reflection of the Bermuda-based company?s $3.2 billion capital raising including $2.4 billion in common equity and steps taken by the group to reduce its exposure to catastr...
DATE: Dec 22, 2005
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A.M. Best Co. has affirmed and removed from under review the ratings of Quanta Reinsurance Ltd. and its subsidiaries. The A- rating has a negative outlook.
The ratings action reflects the completion of Quanta?s common stock and preferred shares offer...
DATE: Dec 22, 2005
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Flagstone Reinsurance Limited, equipped with an 'A-' rating from influential ratings firm A.M. Best and $550 million in initial capital, yesterday became the ninth in a wave of Bermuda reinsurers to throw open its doors in recent weeks.
Flagstone, on...
DATE: Dec 21, 2005
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The Royal Gazette/Bermuda Stock Exchange Index fell 11.34 points yesterday to close at 3,885.17, a .29 percent change from Monday.
Bermuda Container Line led the way with 20,000 shares selling unchanged at $14.50. Butterfield Bank closed down $0.20 t...
DATE: Dec 21, 2005
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The amount of trips taken abroad by residents during the third quarter of this year surpassed all other quarters since the tracking of this statistic began in 1987.
A total of 47,917 overseas trips were taken by Bermuda residents during July ? Septem...
DATE: Dec 21, 2005
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Ariel Reinsurance, a new $1 billion Bermuda reinsurer, is already attracting steady interest from reinsurance buyers, its chief executive Donald Kramer said yesterday.
Mr. Kramer told Ariel has already seen numerous submissions from companies eager t...
DATE: Dec 21, 2005
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