49296 results returned for search: "" category ("Other" AND "Business")
Belco Holdings Limited (Holdings) released its 2002 results yesterday and announced record profits of $22.5 million.
Net earnings for 2002 were $22.5 million, an increase of 7.5 percent over $20.9 million in 2001.
The 2002 consolidated net earnings r...
DATE: Apr 02, 2003
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A newly formed Bermuda company has bought the UK subsidiary of Japanese reinsurer Toa Reinsurance Company for $46 million. Hillcot Holdings Ltd. was formed by Bermuda-registered Castlewood Holdings Ltd. and Japan's Shinsei Bank Ltd. Castlewood has 50...
DATE: Apr 02, 2003
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Bermuda-registered ESG Re Limited has announced losses of $51.2 million for 2002, a year which also saw it de-listed from the New York Stock Exchange due to its failure to make timely filings.
The company had a fourth quarter loss of $24.7 million co...
DATE: Apr 02, 2003
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Troubled Bermuda life reinsurer Annuity and Life Re (Holdings) Ltd. predicted yesterday that it expects to report a $103 million loss for the fourth quarter of 2002 and a $132 million loss for the year when it releases its delayed results.
Annuity sa...
DATE: Apr 02, 2003
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A new professional body for the financial planning sector has been set up by an association of local businesses.
The Financial Planning Association of Bermuda was formally launched in March and becomes the first to provide monitoring, certification, ...
DATE: Apr 02, 2003
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Demand for air travel has fallen significantly in North America since the start of the war in Iraq - but much less so in Bermuda, according to a top airline executive visiting the Island this week.
William (Woody) Harford is vice president of field s...
DATE: Apr 02, 2003
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The Bank of Butterfield dropped 25 cents to close at $33.25 on volume of 1,210 shares, driving the Royal Gazette/Bermuda Stock Exchange Index down.
The Index closed down 3.5 points to close at 2,269.52 points on volume of 2,810 shares worth $60,555.
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DATE: Apr 02, 2003
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Al-Jazeera, the Qatar-based Arabic news broadcaster, has certainly sparked off a lot of controversy due to its coverage of the Iraq war and its broadcast of images of dead and captured US and British soldiers.
The backlash has been fierce. In additio...
DATE: Apr 02, 2003
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The Collectors Hill Esso gas station re-opened as a Tiger Market last week and now offers hot food and basic groceries seven days a week between 6 a.m. and 11 p.m. The new Tiger Market is just the latest in a string of fast-food developments at Colle...
DATE: Apr 01, 2003
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Despite what might seem heavy odds against them, the insurance industry is continuing to cover oil shipments coming out of Kuwait and local carriers flying into Kuwait.
Premium rates for aviation and marine risks have not risen dramatically yet, but ...
DATE: Apr 01, 2003
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