49296 results returned for search: "" category ("Other" AND "Business")
Ten days after announcing a first quarter profit of $1.4 million, Bermuda-based insurer Quanta Capital Holdings said yesterday its results would have to be restated to a $644,000 loss because of a ?calculation error?.
The development is not good news...
DATE: May 13, 2005
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The profits posted by Bermuda investment management firm LOM (Holdings) Limited declined 34 percent last year to some $2 million.
The fall in earnings was largely blamed on a high-profile regulatory probe targeting Lines Overseas Management and LOM s...
DATE: May 13, 2005
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When American International Group Inc. disclosed that it would slice about $2.7 billion, or 3.3percent, off its net worth because of accounting issues, the biggest single chunk stemmed from dealings with an obscure Barbados company.
Details are now e...
DATE: May 13, 2005
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An online telephone directory service based in the US Virgin Islands has slapped Bermuda Yellow Pages with a cease and desist letter accusing the company of causing ?actionable and tortuous interference? with its business relationships.
For more than...
DATE: May 13, 2005
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The Royal Gazette/Bermuda Stock Exchange Index yesterday lost 3.82 points to close at 3,378.27.
Bermuda Commercial Bank Ltd. lost 25 cents to close at $7.50 on volume of 1,000 shares while Belco Holdings Ltd. dropped 20 cents to fall to $41.80 on vol...
DATE: May 13, 2005
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Bermuda-based Allied World Assurance Holdings, Ltd net income for the first quarter of 2005 was $64.4 million, a 28 percent decline from $89.4 million for the first quarter last year. The first quarter 2005 includes catastrophe losses of $18.9 millio...
DATE: May 13, 2005
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WRITS
A writ has been filed in the matter of the Partitions Act 1855 and 1914 and in the matter of certain property situated at 10, Rambling Lane in Pembroke parish, measuring approximately 0.057 of an acre (herein after referred to as "The Rambling ...
DATE: May 13, 2005
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A high-profile regulatory probe is taking a costly toll on Bermuda investment management company LOM (Holdings), managing director Scott Lines says.
Mr. Lines revealed in a recent letter to shareholders that LOM?s bill for legal costs in connection w...
DATE: May 13, 2005
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Bermuda life reinsurer Annuity & Life Re says it lost $768,665 in the first three months of the year.
The loss compared to earnings of $834,394 in the same period a year ago. The results broke down for investors to a loss of three cents per share com...
DATE: May 12, 2005
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NEW YORK (Bloomberg) ? Chubb Corp., the second-largest seller of liability insurance for US directors and executives, received a subpoena from federal prosecutors seeking information on a type of reinsurance that may be used to smooth earnings.
US At...
DATE: May 12, 2005
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