49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based insurance stocks were pounded for a third consecutive day yesterday as it became clear that damage from Hurricane Katrina on the US Gulf Coast was worse than originally thought.
IPC Re slumped 3.5 percent to close at $39.13 while Arch C...
DATE: Sep 01, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 21.06 points yesterday to close at 3,628.25.
Butterfield Bank closed unchanged at $43.50 after investors traded 11,288 shares. Bermuda Commercial Bank Ltd. gained 50 cents and closed at $8 after i...
DATE: Sep 01, 2005
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LONDON (Bloomberg) ? Shares of Alea Group Holdings Plc fell after the Bermuda-based reinsurer said profit dropped 47 percent in the first half as it boosted reserves. Alea plans to raise about $210 million in a share sale to prevent a cut to its cred...
DATE: Sep 01, 2005
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Writs
A writ has been filed by the Bank of N.T. Butterfield & Son Limited against Mikal Fathee Sheeheed and Tricia Joy Sheeheed.
A writ has been filed by the Ministry of Finance against Eve's Cycle Livery Limited.
Incorporations
The Bank of N.T. Butt...
DATE: Aug 31, 2005
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Argent Classic Convertible Arbitrage Fund (Bermuda) Ltd. redomiciled its operations to the Cayman Islands In mid-August, a Bermuda Stock Exchange press release said last night.
The company now carries on business under the Mutual Funds Law (2003 Revi...
DATE: Aug 31, 2005
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LOS ANGELES (Bloomberg) ? Marvell Technology Group Ltd., a maker of semiconductors for computer disk drives and network switches, agreed to buy a unit of QLogic Corp. for $225 million in cash and stock to broaden its product line.
Marvell, based in B...
DATE: Aug 31, 2005
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Kentucky Fried Chicken Bermuda Ltd. reported a 66 percent jump in half year net income of $267,962 compared with $160,989 in the six months ended July 31, 2004.
The fast food restaurant however estimated that it suffered $85,000 in losses when the Be...
DATE: Aug 31, 2005
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The Bermuda Insurance Index slumped 15.06 points or 1.33 percent to 1,118.59 as the insurance sector was heavily sold after Hurricane Katrina hit New Orleans.
Virtually all Bermuda-based insurers with property-casualty exposures saw their prices fall...
DATE: Aug 31, 2005
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Hurricane Katrina looks likely to be the worst hurricane to hit the US since Hurricane Andrew in 1992 and will almost certainly take a heavy toll on Bermuda reinsurers' bottom lines.
But the storm, which smashed into the Gulf Coast region on Monday a...
DATE: Aug 31, 2005
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White Mountains Insurance Group, a Bermuda company that sells insurance and reinsurance globally, on Friday said its largest US unit has been subpoenaed by Massachusetts Attorney General Tom Reilly.
In a regulatory filing, White Mountains said OneBea...
DATE: Aug 31, 2005
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