49296 results returned for search: "" category ("Other" AND "Business")
RenaissanceRe Holdings Ltd. announced yesterday that it will launch an offering to sell $100 million in ten-year senior notes.
RenaissanceRe expects to use the net proceeds from the offering for general corporate purposes.
Standard & Poor's Ratings S...
DATE: Jan 30, 2003
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ACE Ltd. and its group companies were yesterday placed on rating watch negative by insurance ratings agency Fitch in the wake of its decision to record a $2.2 billion gross charge as the result of its asbestos reserve review.
ACE announced on Monday ...
DATE: Jan 30, 2003
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Bermuda-based Max Re Ltd. continued its move towards becoming a traditional insurer when it announced this week that it is launching a new business unit to provide excess general liability insurance.
The term "excess liability" refers to the insuranc...
DATE: Jan 30, 2003
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The Royal Gazette/Bermuda Stock Exchange Index inched up 0.34 points to close at 2,259.75 in threadbare trading.
BF&M Ltd. gained five cents to close at $10.55 on volume of 100 shares while KeyTech and Bank of Butterfield saw light trading but were u...
DATE: Jan 30, 2003
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Bermuda-based Axis Capital Holdings contributed $18 million to insurance broker Marsh & McLennan's bottom line following a revaluing of the broker's investment in the company.
Marsh said in its earning release yesterday that it held a stake in the in...
DATE: Jan 30, 2003
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Bermuda's balance of payments position on current account worsened in the third quarter of 2002, suggesting that the Island will end the year with a smaller surplus than in 2001.
For the three months ending on September 30, the Island recorded a curr...
DATE: Jan 29, 2003
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Bermuda-based Platinum Underwriters Holdings Ltd opened the New York Stock Exchange trading on Monday.
Group chief executive officer, Jerry Fadden, pressed the buzzer which commences trading and several other members of the company also visited the e...
DATE: Jan 29, 2003
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Shell Company of Bermuda have purchased a monster-sized truck from Renault dealers, Eurocar.
The new tanker truck arrived on the Island earlier this month and has just been commissioned ready to transport fuel around Shell's 14 gas stations.
Richard ...
DATE: Jan 29, 2003
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Bermuda-based insurers PXRE Group Ltd. and PartnerRe have been caught up with several other insurers in lawsuits involving a rogue insurance agent.
According to an article in industry magazine Business Insurance, Harold Mollin MGA of Worldwide Weathe...
DATE: Jan 29, 2003
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Trading in China's largest van maker Brilliance China Automotive Holdings resumed yesterday after the company and its main shareholder issued a statement responding to legal action launched in Bermuda.
But the company's share price fell 6.91 percent ...
DATE: Jan 29, 2003
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