49296 results returned for search: "" category ("Other" AND "Business")
A Pennsylvania judge has finally ordered the liquidation of Legion Insurance Co. and said that it would have been cheaper to allow the company to collect its reinsurance without state intervention.
Legion, which is owned by Mutual Risk Management, ha...
DATE: Jul 02, 2003
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The cost of Internet in Bermuda could be cut dramatically with a new project in the pipeline, according to Telecommunications Director Greg Swan.
And the project, which is still under wraps, could be unveiled as soon as next month, according to Mr. S...
DATE: Jul 02, 2003
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NEW YORK (Reuters) - XO Communications Inc. offered $200 million in cash to certain Global Crossing Ltd. bondholders to encourage them to back its takeover offer for the bankrupt telephone company.
In making the latest $200 million overture, XO hopes...
DATE: Jul 01, 2003
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Bermuda-based White Mountains Insurance Group, Ltd. on Friday announced that it has filed an unallocated universal shelf registration statement with the US Securities and Exchange Commission.
Once the shelf registration statement has become effective...
DATE: Jul 01, 2003
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NEW YORK (Dow Jones/AP) - AXIS Capital Holdings Ltd. became the latest in a string of Bermuda-based insurance companies to come public since the Sept. 11 terrorist attacks, rising in its market debut Tuesday.
In afternoon trading, shares of AXIS were...
DATE: Jul 01, 2003
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Bermudian partner Peter Mitchell has been selected to lead the Bermuda arm of PricewaterhouseCoopers.
Mr. Mitchell will today take over as senior partner of PwC's practice which currently comprises 13 partners and a total staff of over 200.
PwC was f...
DATE: Jul 01, 2003
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The Ministry of Telecommunications and E-commerce has achieved more in the past four and half years than it ever hoped to, according to the department's Minister, Renee Webb.
And she lists as her achievements cutting the costs of long-distance calls ...
DATE: Jul 01, 2003
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The Royal Gazette/Bermuda Stock Exchange Index yesterday dropped 9.30, or 0.38 percent, to 2,428.01 on light trading.
BF&M Ltd. was 25 cents higher to $10.25 as 1,285 shares traded while Bank of Butterfield dropped 50 cents to $34.50 as 300 shares tr...
DATE: Jul 01, 2003
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If Bill Gates came to Bermuda to set up an e-business he could incorporate an exempt company and have everything ready to go - but would be turned away at the doors of Bank of Bermuda.
Because, according to the Government's E-commerce advisor Nigel H...
DATE: Jul 01, 2003
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Bermuda Aviation Services Limited (BAS) chairman Neville Conyers yesterday hailed the financial year ending March 31 as the second best in the company's history despite facing a number of key obstacles.
Due to the company's diverse holdings, Mr. Cony...
DATE: Jul 01, 2003
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