49296 results returned for search: "" category ("Other" AND "Business")
A Bermuda domiciled holding company and reinsurance operating company will assume fifty percent of the business of St. Paul Travelers CATRisk operation pending its acquisition by affiliates of San Francisco private equity investors Hellman & Friedman...
DATE: Aug 12, 2005
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(Bloomberg) ? American International Group Inc., the insurer sued by New York Attorney General Eliot Spitzer over improper accounting, said sales of some US products have started to rebound since the company?s earnings restatement.
Independent agents...
DATE: Aug 11, 2005
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(Bloomberg) ? Warren Buffett?s Berkshire Hathaway Inc. bought 5 million shares of Tyco International Ltd., the world?s biggest maker of electronic connectors, after the stock had dropped 18 percent this year, a state filing showed.
Berkshire paid $15...
DATE: Aug 11, 2005
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Catastrophe risk modelling company Risk Management Solutions Inc. has opened a local office to provide on-the-ground support to the 25 Bermuda-based insurers and reinsurers it counts as clients.
Bill Keogh, RMS senior vice president and managing dire...
DATE: Aug 11, 2005
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The Royal Gazette/Bermuda Stock Exchange Index yesterday moved up 60.44 points to 3,601.16.
The total value of the shares investors bought and sold was $1.5 million, with 36,549 shares trading.
The bulk of that came from Butterfield Bank investors wh...
DATE: Aug 11, 2005
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Devonshire Industries this week reported a 25 percent decline in annual profit after seeing its best profit in five years in 2004.
The parent company of Bermuda Paint posted net income of $350,897 for the year end March 31, 2005, down $144,031 from $...
DATE: Aug 11, 2005
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Endurance Specialty Holdings Ltd., a Bermuda company selling property and casualty insurance and reinsurance, said two of its initial investors, Texas Pacific Group and Thomas H. Lee Partners, are selling 7.7 million of its shares in a block trade.
T...
DATE: Aug 11, 2005
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Stevedoring Services Ltd. reported record net income for the year ended March 31, 2005 of $1.2 million, a 13 percent increase over $1.1 million earned in 2004 and an 88 percent improvement over $640,700 earned in 2003.
Earnings per share were 97 cent...
DATE: Aug 11, 2005
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(Bloomberg) ? Bermuda-based Global Crossing Ltd., operator of a high- speed fibre-optic network for transmitting telephone calls and data, said its second-quarter loss narrowed to $75 million on cost cutting.
The net loss shrank to $3.37 a share from...
DATE: Aug 11, 2005
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We (the royal ?We?) know women can be just as keen on technology as their brothers are, but I was surprised to discover just how specialised some conferences are getting in targeting them as a market.
This Monday a conference opened in Dundee, Scotla...
DATE: Aug 10, 2005
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AUTHOR:
Ahmed Elamin
