49296 results returned for search: "" category ("Other" AND "Business")
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) for the core operating subsidiaries of XL Capital Ltd (Bermuda). Concurrently, A.M. Best has affirmed the existing debt ratings on “a+” senior debt, “a” subordinated debt and “...
DATE: Jun 04, 2003
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Aspen Re, the reinsurance operation set up last year by Wellington Underwriting, the UK listed insurer, and a group of venture capitalists, is planning to float for around $1.3bn (?800m) on the New York Stock Exchange.
The reinsurer is understood to ...
DATE: Jun 03, 2003
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Government is about to outsource the role of selling Bermuda as an e-business jurisdiction.
The e-business marketing contract is understood to be worth up to about $750,000 per year.
Two parties have been short listed for the contract; one is local a...
DATE: Jun 03, 2003
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The Bermuda Stock Exchange index dipped yesterday after Argus Insurance lost 50 cents to close at $19.00.
KeyTech, one of the few other stocks to trade, gained 10 cents to finish at $10.35.
The index closed down 2.32 points at 2,354.75 on a volume of...
DATE: Jun 03, 2003
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Premier Jennifer Smith yesterday said that more captives were setting up in Bermuda this year - and urged risk managers to set up their captives in Bermuda.
Speaking at the seventh annual International Captives Congress (ICAP) at the Fairmont Southam...
DATE: Jun 03, 2003
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Multiple captives are a trend that is going to grow - according to a leading executive in the field.
Tom Kendall, senior vice president of Marsh, told delegates at ICAP that companies were more and more setting up more than one captive to meet their ...
DATE: Jun 03, 2003
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Staples has won a contract for the management of the Bank of Butterfield's stationery and purchasing functions.
Bank of Butterfield president and CEO Alan Thompson expressed delight at the contract, which took effect yesterday.
"The bank is continuou...
DATE: Jun 03, 2003
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The fight over US companies moving to Bermuda to cut income tax has flared again.
Companies would face curbs on relocating to offshore countries - if Congress approves a new bill.
The bill is being crafted by House Ways and Means Committee chairman B...
DATE: Jun 03, 2003
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Conyers Dill & Pearman partner Alec Anderson gave a talk to the Society of Trustees and Estate Planners (STEP) on the subject of Private Trust Companies.
Mr. Anderson explained that a private trust company was a limited liability company which acted ...
DATE: Jun 02, 2003
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Businessman, author and economist Robert Stewart last week accused Government of putting up a smokescreen and avoiding the real issues when it came to the problems with the Island's pension scheme.
Mr. Stewart said he stood by his comments that there...
DATE: Jun 02, 2003
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