49296 results returned for search: "" category ("Other" AND "Business")
The Bermuda market has peaked and cannot take many more new companies setting up on its shores as the Island is running out of space and reaching capacity, according to Brian O'Hara, chief executive officer of XL Capital.
Mr. O'Hara said that existin...
DATE: May 04, 2004
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Bermuda-based Allied World Assurance Holdings, Ltd. last night reported its profits had soared by 60 percent to nearly $90 million after the company grew its book of business.
AWAC, which was set up at the end of 2001 in response to a shortage of cap...
DATE: May 04, 2004
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XL Capital Ltd., a Bermuda-based insurer that found an $878 million shortfall in reserves last year, said first-quarter profit rose 85 percent on an increase in premiums.
Net income rose to a record $462.2 million, or $3.25 a share, from $250 million...
DATE: May 04, 2004
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Capital G Bank has hit back at Bank of Bermuda's efforts to lure customers away from its rivals by offering advice on moving mortgages and cutting rates to 6.5 percent by warning this could be a short term gain.
In a press release on Friday Capital G...
DATE: May 03, 2004
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Trading was heavy on the Bermuda Stock Exchange last week, with $1.7 million worth of shares changing hands.
But The Royal Gazette/Bermuda Stock Exchange Index dipped by 27.5 points after three stocks lost ground.
Bank of Butterfield lost 25 cents on...
DATE: May 03, 2004
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NEW YORK (Bloomberg) ? Shares of Global Crossing Ltd., the fiber-optic network operator that exited bankruptcy in December, fell as much as 36 percent after Grant Thornton LLP withdrew its audits for the past three years.
Global Crossing shares tumbl...
DATE: May 03, 2004
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NEW YORK (Bloomberg) -- Ripplewood Holdings LLC, a buyout firm founded by former Lazard Freres banker Tim Collins, and MidOcean Partners LLP, a former Deutsche Bank AG unit, plan to merge and raise a fund to acquire companies around the world.
Collin...
DATE: May 03, 2004
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NEW YORK (Reuters) ? Bermuda-based Helen of Troy Ltd. yesterday said it would buy the maker of Good Grips kitchen tools for $275 million in order to add higher-margin goods to its line of personal care products.
Shares of Helen of Troy, which makes p...
DATE: May 03, 2004
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Nicholas J. Metcalf, chief executive officer of XL Capital?s Lloyd?s of London operation, is leaving the company.
Metcalf is leaving to ?pursue other business interests,? XL said in a statement distributed by PR Newswire.
Clive R. Tobin, chief execut...
DATE: May 03, 2004
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May 3 & 4
PLUS The Bermuda Perspective. Hamilton Princess. Call 1 952 746 2530 or go to www.plusweb.org.
May 5, 7, 12 & 14
Insurance Induction New Employees.Bermuda Insurance Institute. Call 441-295-1596, Fax: 441-295-3532Email: jpreecebii.bm, Websi...
DATE: May 03, 2004
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