49296 results returned for search: "" category ("Other" AND "Business")
Insurer Alea Group (Bermuda) Ltd. yesterday had its financial strength rating of A- (Excellent) affirmed by ratings agency A.M. Best., which predicted the company was likely to increase premium income by a further 20 percent in 2004 to approximately ...
DATE: May 26, 2004
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An Oregon-based currency trader has been indicted on numerous counts of mail fraud, wire fraud and money laundering after allegations that his company swindled investors and funnelled funds, that should have been invested, through numerous offshore b...
DATE: May 26, 2004
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A Bermudian has been appointed head of human resources for the US operations of Bermuda-based reinsurer PartnerRe.
Abby Clifford, who joined PartnerRe in Bermuda in July, 1999, left the Island late last week for New York where she will live.
She plan...
DATE: May 26, 2004
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The Bank of Bermuda is beginning to look like it is part of banking giant HSBC's global network after rebranding of the signs on the bank's buildings began in recent days.
The change to the bank's internal and external signs, at all offices across th...
DATE: May 26, 2004
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The peak in global growth momentum can?t be far away ? a number of leading indicators have already turned or are close to turning.
Meanwhile, several negative factors have started to cloud the skies and people aren?t quite sure how they will interact...
DATE: May 26, 2004
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Bermuda Commercial Bank yesterday rebutted a weekend news report that it had not followed proper procedures with the Bermuda Monetary Authority in its appointment of a board director.
On Friday, the Mid-Ocean News revealed that Finance Minister Paula...
DATE: May 26, 2004
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Bermuda-based shipping giant Frontline yesterday announced it had commenced an offer to exchange outstanding senior notes for its its wholly-owned subsidiary Ship Finance International.
The exchange offer for the 8.5 percent senior notes, which are d...
DATE: May 26, 2004
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WASHINGTON (Bloomberg) ? Intelsat Ltd., the third-largest global satellite operator, withdrew plans last week for an initial public offering of shares and hired advisers to explore a sale of the company.
Bermuda-registered Intelsat said in a statemen...
DATE: May 25, 2004
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Endurance Specialty Holdings Ltd. yesterday announced it had bought back $64.7 million worth of shares from one of its initial investors.
And the Bermuda-based reinsurer also said it planned to buy back 2 million of its shares on the open market and ...
DATE: May 25, 2004
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NEW YORK (Bloomberg) ? Spiegel Inc., the bankrupt retailer, has reached an agreement to sell its 99-year-old flagship catalogue business to an affiliate of private equity firm Pangea Holdings Ltd., according to court papers.
Bermuda-based Spiegel Cat...
DATE: May 25, 2004
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