49296 results returned for search: "" category ("Other" AND "Business")
A jump in gas prices is expected tomorrow as Hurricane Katrina?s impact on about ten percent of US refinery capacity siphons down to local pumps.
While the final price for gasoline will be set by the Bermuda Government mid-week and nothing is for cer...
DATE: Sep 13, 2005
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Bermuda companies can be expected to shoulder in excess of $2.5 billion in insurance claims arising from Hurricane Katrina, based on preliminary estimates issued by nine of the Island?s insurance and reinsurance companies.
On the whole, the insurance...
DATE: Sep 13, 2005
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Ratings agency concerns on the financial strength of insurance companies could lead more in the sector to explore the viability of bank loans as a means to improve their capital position, says Des Potter, head of insurance within the financial market...
DATE: Sep 13, 2005
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A former manager of Bermuda Gas yesterday agreed to reimburse the utilities company monies he pocketed through an undisclosed side business he set up to maintain the company?s used gas cylinders.
The defendant, Raymond Knight, in an order presented t...
DATE: Sep 13, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 15.14 points yesterday to close at 3645.44.
Argus Insurance Company recorded the biggest gains of the day. It gained 50 cents and closed at $27 after investors traded 9800 shares.
Butterfield Bank...
DATE: Sep 13, 2005
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The reinsurance industry will be able to cope financially with claims from Hurricane Katrina, according to Jeff Radke, president and chief executive officer of Bermudian catastrophe reinsurer PXRe.
?What matters is, can you pay your bills? And I can?...
DATE: Sep 13, 2005
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Bermudian insurer and reinsurer Alea has been plunged into crisis by the downgrade of its financial strength rating to BBB+ from A-.
The downgrade throws the company?s future into doubt. One option would be for Alea to find a buyer but in the wake of...
DATE: Sep 12, 2005
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Hurricane Katrina and its effect on reinsurance rates will be the biggest talking point at this year?s Monte Carlo Rendez- Vous, according to a survey of delegates conducted by Reactions Magazine.
Respondents overwhelmingly indicated that the biggest...
DATE: Sep 12, 2005
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Draft legislation has been produced that is intended to improve the quality of Bermuda's financial service providers and raise the level of protection for investors.
Once enacted the Collective Investment Schemes Act 2005 ("CISA 2005") will require t...
DATE: Sep 12, 2005
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New reinsurer Rockridge Re may seek to raise additional capital to make the most of a surge in demand for high-layer catastrophe reinsurance in the wake of Hurricane Katrina.
Hedge fund manager West End Capital Management, a Bermuda company, and Berm...
DATE: Sep 12, 2005
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