49296 results returned for search: "" category ("Other" AND "Business")
A recent record-setting surge on The Royal Gazette/Bermuda Stock Exchange index is due largely to trading of Butterfield Bank stock, according to the BSX?s chief executive officer Greg Wojciechowski.
The Index has seen almost steady gains since last ...
DATE: Aug 19, 2005
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The Royal Gazette/Bermuda Stock Exchange Index closed gained 17.15 points yesterday to close at 3,617.74.
Butterfield Bank closed unchanged at $43.50 after investors traded 8,015 shares. BF&M Ltd. gained $1.40 to close at $15.40 after investors trade...
DATE: Aug 18, 2005
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Local computer users appear to have escaped variants of a Windows worm which spread quickly across the US hitting computers at ABC, CNN, The Associate Press, The New York Times and Caterpillar Inc., just a week after Microsoft Corp. warned of the sec...
DATE: Aug 18, 2005
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American International Group Inc. on Tuesday said Norfolk Reinsurance Company Ltd., a subsidiary of a Bermuda unit that drew scrutiny from US regulators, has been sold.
AIG spokesman Chris Winans confirmed that Norfolk, a unit under Richmond Insuranc...
DATE: Aug 18, 2005
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Marsh & McLennan Cos., the world's largest insurance broker, hired American International Group Inc.'s Robert A. Parisi, Jr. and ACE Ltd.'s Larry Goanos as senior vice presidents in its financial and professional liability unit.
Marsh named Parisi, 4...
DATE: Aug 18, 2005
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Michael Murphy, the former Bermuda-based legal counsel for American International Group Inc., may not face criminal charges after being implicated, but not named in a May civil suit filed by New York Attorney General Eliot Spitzer against AIG and its...
DATE: Aug 17, 2005
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HSBC Insurance Solutions (Bermuda) Limited has entered into an agreement with BF&M Management Limited to purchase its captive management operations, it said in a statement.
A price for the acquisition, which was announced yesterday, was not disclosed...
DATE: Aug 17, 2005
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A tenth class action law firm filed suit against Bermuda-based RenaissanceRe Holdings Ltd. yesterday alleging the company and five of its officers broke securities laws by issuing inaccurate financial statements.
The Pittsburgh law office of Alfred G...
DATE: Aug 17, 2005
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Bermuda Bakery Limited yesterday reported a 48 percent decline in half-year net income to $485,154 compared with $929,362 earned in the same period of 2004.
Earnings for the six month period ended June 30 was $1.68 per share compared to $3.24 per sha...
DATE: Aug 17, 2005
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A London-based storm forecaster predicts Atlantic storm activity is likely to be 150 percent more active this year than the average ? a worrying development for Bermuda insurers and reinsurers who saw their bottom line hit last year from hefty storm ...
DATE: Aug 16, 2005
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