49296 results returned for search: "" category ("Other" AND "Business")
Overseas Partners Limited (OPL), the Bermuda-based reinsurer currently in liquidation, has reached tentative settlements in two class-action lawsuits at a cost of $10 million.
The company was sued in 1999 and 2000 for allegedly selling sham insurance...
DATE: Jan 06, 2004
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The Argus Group has posted earnings of approximately $4.9 million for the six-month period ended September 30, showing the insurer weathered Hurricane Fabian with only a 4.4 percent drop in profits.
Although the company said it suffered its greatest ...
DATE: Jan 05, 2004
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Electric light company Belco last week predicted that net earnings could be off by some five percent for 2003, after it was hit by heavy costs from Hurricane Fabian damage.
In a letter to shareholders last week, president and CEO Garry Madeiros said ...
DATE: Jan 05, 2004
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IAS Park - the company that grew out of a creditors scheme of arrangement after financial woes basically buried Mutual Risk Management - has now split into two separate businesses.
Late last month, IAS and the Park Group - which were separate compani...
DATE: Jan 05, 2004
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The Bermuda Stock Exchange stayed in record territory last week, gaining 2.54 percent to close at 2,989.38.
The increase was driven mostly by gains in the Bank of Butterfield, whose share price rose by $2.50 during the week to close at $45.
Utility c...
DATE: Jan 05, 2004
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Many may dismiss the concept of New Year's Resolutions, but it is very much ingrained in our social culture to think about turning over a new leaf at the beginning of each year.
The New Year's tradition was started 4,000 years ago by the Babylonians,...
DATE: Jan 03, 2004
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eter Barrett is a conservative family man who has worked in accounting for over a decade in Bermuda.
But he said he has now reached the stage in his life when it is time to go out on his own ? and has just set up his new firm, Accounting, Compliance ...
DATE: Jan 02, 2004
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An arbitration panel ordered collapsed reinsurance firm Fortress Re to pay $1.12 billion in damages because it found the firm defrauded a big Japanese insurer, according to the Wall Street Journal.
It has been reported that North Carolina insurance c...
DATE: Jan 02, 2004
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Government has been accused of breaking a promise to update and publish its statistics by the end of the year.
According to the Department of Communication and Information, the statistics will not be made public until the middle of January.
There is ...
DATE: Dec 31, 2003
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Bargain-hunters have flocked to the stores to root out the best deals in this year's post-Christmas sales.
According to retailers, the stores have been packed with shoppers since the stores opened with their sales on Saturday ? and the numbers are st...
DATE: Dec 31, 2003
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