49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Reuters) ? UK insurers yesterday welcomed a government decision to delay implementing a controversial new tax on outsourced insurance services, which they said would have been impossible to implement next month as planned.
Chancellor of the E...
DATE: Dec 08, 2005
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ACE Ltd. last night said Hurricane Wilma will probably cost the company about $250 million.
ACE also said it would forecast 2006 earnings by December 15.
ACE recorded a $112 million third-quarter net loss in the third quarter after losses from Hurric...
DATE: Dec 08, 2005
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Bermuda insurance company Allied World Assurance Company is ending an agreement under which it out-sourced certain functions to its largest shareholder, American International Group Inc.
The agreement, under which AIG staff were contracted to do AWAC...
DATE: Dec 08, 2005
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Montpelier Reinsurance Ltd.?s shares plummeted almost four percent yesterday after a ratings agency affirmed its A- rating but said the outlook was negative.
Montpelier, whose share price has been battered since its released higher than expected loss...
DATE: Dec 08, 2005
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London insurer Omega Underwriting Holdings Ltd. has received shareholder approval to set up a Bermuda reinsurer.
Omega said on Friday that its shareholders at an extraordinary general meeting approved a placing to raise ?90 million at 110 pence per s...
DATE: Dec 08, 2005
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The Bermuda Electric Light Company (Belco) is offering an additional Trade Information Session in response the success of the two sessions held at Belco last week.
Approximately 120 people came to the sessions held over two days to learn about Belco?...
DATE: Dec 08, 2005
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Bermuda?s two main overseas telephone providers are bidding to join the residential Internaet service market at a hearing today.
The Telecommunications Commission is to hear submissions in response to applications made by TeleBermuda International an...
DATE: Dec 07, 2005
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A London-based storm forecaster, that accurately predicted unprecedented storm activity this year, yesterday warned those living and working in hurricane-prone areas to brace themselves for another surge in activity next season.
The warning will be w...
DATE: Dec 07, 2005
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The Royal Gazette/Bermuda Stock Exchange Index fell 47.55 points yesterday to close at 3,898.57.
A quiet day on the BSX, Argus Group Holdings declined $1.50 close at $11.50 as investors traded in 1,136 shares.
The only other activity saw Butterfield ...
DATE: Dec 07, 2005
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Bermuda IT security specialist QuoVadis is nearing completion of a new disaster recovery centre in central Hamilton that could house up to 140 executives in the event of disaster disabling normal business functions.
Located in an undisclosed location...
DATE: Dec 07, 2005
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