49296 results returned for search: "" category ("Other" AND "Business")
The financially troubled parent company of one of Bermuda?s newest reinsurers ? GoshawK Re ? said yesterday that it looked unlikely to bail itself out through a takeover.
The company had hoped that it might be able to sell itself off, as its loss lev...
DATE: Nov 27, 2003
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(Bloomberg) ? Train operator GNER Holdings Ltd., a unit of Bermuda-registered Sea Containers, has partnered with John Laing, a UK infrastructure services company, to bid for Britain?s new Greater Western rail franchise, which will generate an estimat...
DATE: Nov 27, 2003
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(Bloomberg) ? Bermuda-incorporated White Mountains Insurance Group Ltd.?s Folksamerica Holding agreed to buy a workers? compensation insurance unit of Sierra Health Services Inc., a managed-care company, for $79.5 million.
Sierra Health, based in Las...
DATE: Nov 27, 2003
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HVB Group, Germany's second-largest bank, said on Wednesday it had given up plans to create a Bermuda-based risk management arm.
A source said the bank had dropped the plans because it was not prepared to inject the required capital into the business...
DATE: Nov 27, 2003
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Executives at LOM (Holdings) Ltd. this week exercised share options worth over half a million dollars, according to a filing with the Bermuda Stock Exchange.
The company said under the employee share options plan, shares were exercised, or cashed in,...
DATE: Nov 26, 2003
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The EU looks set to relax its stringent requirements on data protection transfers to non-EU countries, a move that could make it easier and cheaper for Bermuda companies to comply with the bloc's rules.
The Bermuda government is currently considering...
DATE: Nov 26, 2003
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There was no change on The Royal Gazette/Bermuda Stock Exchange index yesterday after no shares changed price.
Just Bank of Butterfield and a handful of Bermuda Commercial Bank shares were traded at $38.50 and $6.60 respectively.
The index closed at ...
DATE: Nov 26, 2003
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Bermuda's newest bank, Capital G, this week launched a new advertising campaign designed to elevate the brand and help consumers to better understand its products and services, the company said. "We have certain competitive advantages for consumers t...
DATE: Nov 26, 2003
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Bermuda-based reinsurer the Imagine Group has injected $25.5 million (?15 million) into a new Lloyd's of London syndicate.
Illium Insurance Group told Lloyd's List that Imagine had taken a ten percent stake in Syndicate 4040, swelling its underwritin...
DATE: Nov 26, 2003
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Bank of Bermuda yesterday announced it will open an office in San Francisco for its Global Fund Services division.
The US office is part of an expansion of GFS and will provide a complete range of fund administration services to the alternative inves...
DATE: Nov 26, 2003
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