49296 results returned for search: "" category ("Other" AND "Business")
Standard & Poor's Ratings Services last week lowered its ratings on Bermuda-based Sea Containers Ltd., including lowering the corporate credit rating to `BB-' from `BB'.
S&P said it was lowering the rating because the freight-to-travel business must ...
DATE: Apr 14, 2003
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President of H.A & E Smith Ltd., Roger Davidson, says that Smiths has no current plans to invest in renovations in the Front Street store.
Other stores such as Coopers, Triminghams and Aston & Gunn have recently carried out major renovations, despite...
DATE: Apr 14, 2003
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Bermuda has taken its share of hits in the US press over the last year, particularly, with respect to the oft quoted statement, “that we have tax-free status”. As you and I know only too well each time we stand in line at airport Customs to pay our s...
DATE: Apr 12, 2003
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The Royal Gazette/Bermuda Stock Exchange Index jumped 17.94 points to 2,290.89 on volume of $84,312 shares as both major banks saw their shares rise.
Bank of Bermuda rose 45 cents to $31.55 while Bank of Butterfield gained five cents to $33.50.
Long ...
DATE: Apr 12, 2003
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The annual rate of inflation slipped to 2.9 percent in February as continued increases in fuel prices were offset slightly by a decline in hotel accommodation.
Although inflation fell from the three percent rate set in January, it remains higher than...
DATE: Apr 11, 2003
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Troubled Bermuda-based insurer Trenwick Group Ltd. has been thrown a lifeline by its creditors who have agreed to wait until August to be repaid.
Trenwick said it had reached an agreement with the beneficial holders of the 6.7 percent senior notes of...
DATE: Apr 11, 2003
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Food with a more Bermudian flavour will be on the menu at two Hamilton take-aways following a buy-out by businessman Steven DeCosta.
Mr. DeCosta has operated the Eat-N-Run mobile catering service for the past two years, specialising in delivering foo...
DATE: Apr 11, 2003
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The traditional insurance cycle of hard and soft markets means a lot of volatility for both insurers and risk managers, forcing them to come up with new ways of generating business.
During the last extended soft markets, premiums reached such lows th...
DATE: Apr 11, 2003
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South Africa's London-listed life assurer Old Mutual Plc. announced that it has entered into an agreement to buy Sage Life (Bermuda) Ltd., a specialist provider of customised and proprietary annuity products to non-US residents.
Sage Life Bermuda is ...
DATE: Apr 11, 2003
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The murky area of terrorism cover is one that the 2003 RIMS conference has tried hard to address with its theme: "New World - New Risks - New Solutions."
Interest in terrorism insurance among small to medium sized US companies has increased sharply o...
DATE: Apr 11, 2003
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