49296 results returned for search: "" category ("Other" AND "Business")
The formation of rent-a-captives jumped by 20 percent world-wide - but there is no statistical information to say how Bermuda did in this type of formation.
And 50 percent of all new insurance is now being formed in alternative markets, according to ...
DATE: Jun 12, 2003
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US business calm despite Iraq war
The US led invasion of Iraq has not led to increased fears among corporate America, according to a survey by Allianz Global Risks.
This week Allianz released the results of a survey of 300 risk professionals who atte...
DATE: Jun 12, 2003
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WASHINGTON (Dow Jones Newswires) - The bankruptcy judge overseeing Bermuda-based Asia Global Crossing Ltd.'s (AX) Chapter 11 proceedings signed an order on Tuesday that will convert the company's case to Chapter 7, an attorney representing the compan...
DATE: Jun 12, 2003
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ACE Ltd. yesterday had its debt ratings downgraded by agency A.M. Best, citing the Bermuda-based insurer's high risk profile and potential exposure to asbestos claims.
But Best affirmed the financial strength ratings of the operating subsidiaries of ...
DATE: Jun 12, 2003
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Airline Mutual Insurance, an insurance company set up by a number of airlines in Bermuda, is seeking creditors and members' approval of a proposed Scheme of Arrangement.
The company was set up in 1987 but went into run-off in 1994 when the combinatio...
DATE: Jun 11, 2003
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Hi-tech telecommunications companies are experiencing technical hitches with their marketing campaigns at the Bermuda Airport.
Problems with the scrolling light boxes which display commercials at the Airport have led to them being taken down for repa...
DATE: Jun 11, 2003
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June 25 is the 100th anniversary of George Orwell's birth and as the author of "1984" he would probably have laughed (if alive) at the ways in which the terrorist attacks on 11 September 2001 have been used by governments to justify the increasing su...
DATE: Jun 11, 2003
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Axis Capital Holdings Ltd. yesterday announced it expects to sell 21.5 million common shares in an initial public offering for $19.50 to $21.50 each.
The Bermuda-based insurer, which was formed in the wake of the September 11 terrorist attacks, said ...
DATE: Jun 11, 2003
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Construction boom boosts SAL profits
A jump in sales helped construction supply company SAL record a 12 percent increase in operating profits for the 2002 financial year, the company said yesterday.
The company said the booming construction sector he...
DATE: Jun 11, 2003
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Bank of Bermuda's Global Funds Services has beefed up its operations in the Asia region through a new joint venture.
Bermuda Trust (Singapore) Ltd (BTSL), a wholly-owned subsidiary of Bank of Bermuda and the leading fund administrator in Singapore ha...
DATE: Jun 11, 2003
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