49296 results returned for search: "" category ("Other" AND "Business")
UK regulators have fined Rosemont Re?s sister company Goshawk Syndicate Management Limited for systems and control failures related to its management of third party underwriting agreements.
Goshawk Insurance Holdings, owns both Bermuda-based Rosemont...
DATE: Oct 13, 2005
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The trustee to five consolidated bankrupt estates involved in a $140 million Ponzi scheme has launched an adversary proceeding against Bermuda-based Lines Overseas Management.
Creditors including victims of the Ponzi scheme have filed proofs of claim...
DATE: Oct 13, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 12.21 points to close at 2,839.61 in a slow day of trading as only Butterfield Bank shares changed hands.
Butterfield Bank closed up $0.25 to $45.75 with just 977 shares trading.
DATE: Oct 13, 2005
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Bermuda consumers paid 2.9 percent more for goods and services in August than a year ago, figures released by Government showed yesterday.
This was 0.1 percent higher than the 2.8 percent rate of inflation recorded in June and July.
Higher costs can ...
DATE: Oct 13, 2005
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The fallout from Hurricane Katrina is expected to drive up the cost of building materials and local suppliers may see price increases for certain types of materials BCM McAlpine President Alan Burland says.
As the US Gulf Coast region recovers from t...
DATE: Oct 13, 2005
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British Airways will close its Hamilton office in December and relocating to Bermuda International Airport in a bid to reduce costs.
British Airways General Manager Philip Troake said the move is simply a business decision as BA does not maintain a B...
DATE: Oct 13, 2005
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Research and rating firm Standard & Poor?s yesterday assigned assigned a preliminary ?BBB+? senior debt, ?BBB? subordinated debt, and ?BBB-? preferred stock ratings to IPC Holdings Ltd.?s universal $1.25 billion shelf registration.
The ratings were p...
DATE: Oct 12, 2005
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With the end of the year approaching it?s survey season for crystal ball analysts, who want to be seen as ahead of the crowd. Who I ask will follow up ten years from now to see if they?re right?
Still here?s some predictive fodder you can use to impr...
DATE: Oct 12, 2005
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Bermuda insurance and reinsurance company Arch Capital Group Ltd. said Monday it expects to record third-quarter catastrophe losses of $252 million.
The estimated loss is equal to ten percent of the company?s capital which stood at $2.5 billion at th...
DATE: Oct 12, 2005
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Taking into account the data distortions introduced by earlier hurricanes, the US employment release, last week, still managed to beat expectations, indicating a fairly robust economy.
But this did not prevent the stock markets from being pummelled. ...
DATE: Oct 12, 2005
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