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The Royal Gazette/Bermuda Stock Exchange Index closed yesterday at 2,221.83, a drop of 44.14 points or 1.95 percent. Share volume was 1,349.
Bank of Bermuda stock closed down $1.50 or 4.8 percent to close at $30 on volume of 300 shares.
KeyTech Ltd. ...
DATE: Feb 12, 2003
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Bermuda-based reinsurer PartnerRe Ltd. has reported earnings of $190.3 million for 2002.
This compares with losses of more than $200 million at the end of 2001.
Chief executive officer and president Patrick Thiele said that after an "excellent" fourt...
DATE: Feb 11, 2003
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The Royal Gazette/Bermuda Stock Exchange index closed unchanged at 2,265.98 on Monday 10, 2003.
The days trading saw 200 shares sold in Bank of Butterfield and 500 shares sold in BELCO Holdings Ltd. But the companies' share prices held steady at $32....
DATE: Feb 11, 2003
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Bermuda-based Endurance Specialty Holdings Ltd. confirmed its plans to sell 9.6 million common shares in an initial public offering for $25 to $27 each, which would raise $240 million to $259 million. The Bermuda-based firm plans to use the net proce...
DATE: Feb 11, 2003
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Mutual Risk Management Ltd. (MRM) has notified its creditors that meetings due to be held on February 5 have been postponed until early March.
The meetings were to discuss a proposed Scheme of Arrangement between MRM and its creditors, however just p...
DATE: Feb 11, 2003
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The Bank of New York yesterday announced it had completed the acquisition of Bermuda-based hedge fund administrator International Fund Administration Ltd..
"We are delighted to welcome IFA to The Bank of New York and excited about this new partnersh...
DATE: Feb 11, 2003
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Carrie Coolidge of Forbes magazine has cleverly defined the crisis in the Directors & Officers (D&O) market as being "in the midst of a perfect storm - a combination of high-profile cases, a weak stock market and continued scrutiny by Congress".
All ...
DATE: Feb 10, 2003
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The Royal Gazette/Bermuda Stock Exchange Index ended last week just about where it began, closing up 0.713 points at 2,265.98.
Two stocks advanced and two fell during the week, but volume was relatively strong with a total of 61,705 shares worth $1.2...
DATE: Feb 10, 2003
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Mutual Risk Management (MRM) Ltd. must wait another month to find out whether its creditors will approve a scheme of arrangement proposed last December in the Supreme Court.
The proposal would affect $198 million in debt, comprising of $110 million i...
DATE: Feb 10, 2003
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You may feel that you are familiar with what the Bank of Bermuda does. After all, it is the most widely held stock in Bermuda and account holders probably visit a branch for one of its retail services at least once a week.
So it may come as a surpris...
DATE: Feb 10, 2003
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