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The Royal Gazette/Bermuda Stock Exchange Index yesterday fell 20.25 points to finish at 3,552.93.
A total of 8,600 shares worth $319,375 traded, with Butterfield Bank falling 25 cents from a 52-week high of $42.50 to to $42.25 on volume of 6,500 shar...
DATE: Aug 09, 2005
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Bermuda insurance company Primus Guaranty Ltd. lost $9.2 million in the second quarter after a $14 million decline in the value of its credit swap portfolio, the company said in an earnings statement yesterday morning.
The loss for Primus, which has ...
DATE: Aug 09, 2005
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(Bloomberg) ? Two Ohio pension funds will lead a class action lawsuit accusing AIG, the world's largest insurer, of defrauding investors before the company restated five years of profit by $3.9 million.
US District Judge John Sprizzo in New York pick...
DATE: Aug 09, 2005
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Eighteen funds have left Bermuda due to negative impacts tied to the European Union?s Directive on the taxation of savings income which came into force on July 1.
According to the Bermuda Monetary Authority, the 18 discontinued funds had a total net ...
DATE: Aug 09, 2005
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Restaurateur Constanzo Di Meglio, a partner in the thriving Little Venice Group, knows a thing or two about a gourmet meal and a nice bottle of wine, but he?s on a learning curve now with the group diving into the new, quick-paced world of take-away ...
DATE: Aug 09, 2005
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Bermuda life reinsurer Annuity & Life Re said in an earnings report on Thursday night that it lost $539,968 in the second quarter.
Annuity?s loss, equal to a shareholder loss of two cents a share, compared to a loss during the same period last year o...
DATE: Aug 08, 2005
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(Bloomberg) ? Maurice Greenberg, the ousted chief executive of American International Group Inc., contested the insurer?s $3.9 billion profit restatement, telling investigators that much of it was unnecessary and driven by fear.
In a memo to US regul...
DATE: Aug 08, 2005
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An Internet company being investigated by the US Securities and Exchange Commission for unusual trading activity and possible ties to a convicted Canadian stock manipulator used a private placement through Bermuda-based intermediary Lines Overseas Ma...
DATE: Aug 08, 2005
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Finance Minister Paula Cox took concerns about the impact of a European Union tax directive on investment funds located in Bermuda directly to tax officials in Berne, Switzerland last week.
Finance officials said the tax directive, which came into ef...
DATE: Aug 08, 2005
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The Royal Gazette/Bermuda Stock Exchange Index gained 195.937 points last week to close at 3,573.18.
Butterfield Bank closed unchanged at $42.50 after 57,783 shares moved. LOM Holdings Limited lost 10 cents to close at $2.90 after investors traded 25...
DATE: Aug 08, 2005
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