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The Bank of Butterfield yesterday added another piece to its Caribbean expansion plans with the purchase of Mutual Bank of the Caribbean Inc. in Barbados.
The price of the purchase was not disclosed, although the bank said it paid cash for Mutual, wh...
DATE: Dec 05, 2003
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Bank of Butterfield buys back, cancels shares
The Bank of Butterfield bought back and cancelled a total of 66,920 of its own shares at an average price of $38.21, the Bermuda Stock Exchange said yesterday. The repurchases were made under the share r...
DATE: Dec 05, 2003
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The Bank of Butterfield today announced that it had acquired the Mutual Bank of The Caribbean Inc., a Barbados retail bank, from its majority shareholder, Sagicor Financial Corporation, and its minority shareholders.
This is Bank of Butterfield?s thi...
DATE: Dec 04, 2003
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Three more Bermuda-based reinsurance companies gave guidance on future earnings following presentations made by their senior executives at the Bermuda Angle conference this week.
The announcements followed forecasts given by both PartnerRe and ACE, w...
DATE: Dec 04, 2003
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Online monthly newsletter Inside Bermuda has reported that a US-based insurer OneBeacon America Insurance Company, on the wrong end of a recent $37 million arbitration award, is claiming that General Electric?s Bermuda-based captive, EMLICO Ltd., is ...
DATE: Dec 04, 2003
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Bermuda Employers? Council president Eddie Saints yesterday told a cross-section of business leaders that labour unrest and disharmony would continue unless honest intentions to resolve differences were adopted by all ? including union leaders.
Mr. S...
DATE: Dec 04, 2003
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Aspen Insurance Holdings Ltd., a Bermuda-based property and casualty reinsurance company formed in May, 2002, raised $236.8 million in an initial public offering.
Aspen sold 10,524,000 shares at $22.50 each, compared with a price of $20 to $22 a shar...
DATE: Dec 04, 2003
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A seminar cancelled because of the threat of Hurricane Fabian, the Sedgwick one-day conference on 'Hot topics for the Bermuda insurance market' is back on next week.
The law firm of Sedgwick, Detert, Moran & Arnold LLP announced that it will be holdi...
DATE: Dec 04, 2003
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The Royal Gazette/Bermuda Stock Exchange Index yesterday moved up marginally, with a 2.03 point gain to close at 2,794.84.
The Bank of Butterfield led trading with 6,201 shares trading while its $38.50 stock price remaining unchanged.
Bermuda Commerc...
DATE: Dec 04, 2003
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The head of the Island's main employers' organisation - the Bermuda Employers' Council - yesterday called for enforcement of overtime pay policies put in place under the Employment Act 2000.
BEC president Eddie Saints told an audience of hundreds of ...
DATE: Dec 04, 2003
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