49296 results returned for search: "" category ("Other" AND "Business")
Axis Specialty Limited yesterday announced that its new reinsurance company, Axis Specialty Reinsurance Company, has received its New York regulatory approval and has been rated A- by A.M. Best Company, Inc.
Axis bought two “shell” companies in March...
DATE: Dec 18, 2002
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Three stocks rose on Bermuda Stock Exchange yesterday, pushing the The Royal Gazette/BSX Index up 2.72 points to 2,217.25.
KeyTech Ltd. rose 25 cents to close at $9.75 on volume of 4,000 shares, BF&M inched up five cents to $9.80 on volume of 800 sha...
DATE: Dec 18, 2002
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Eight Bermuda-registered companies defaulted on their debt in 2002, according to Standard & Poors.
That made Bermuda the country with the fourth highest number of defaults after the US, with 120, Argentina with 42 and 12 in the United Kingdom.
The ne...
DATE: Dec 18, 2002
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TAMPA, Florida - The pitch sounded risk-free. Investors stood to earn 15 percent returns on investments backed by a bank guarantee.
But Millennium Trust was built on lies, and the Stonehedge investment group was a Ponzi scheme, according to an indict...
DATE: Dec 17, 2002
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BELCO Holdings Limited has sold its shares in Quantum Communications (Quantum). A BELCO spokesperson said that the company could reveal neither the sale price nor the identity of the buyers.
Quantum Communications was originally a joint venture betwe...
DATE: Dec 17, 2002
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HAMILTON, Bermuda (PRNewswire-FirstCall via COMTEX) - Bank of Bermuda has announced that Chief Executive Officer Henry Smith has implemented a long-term share trading plan under Rule 105b-1 of the US Securities and Exchange Act of 1934.
Usually corpo...
DATE: Dec 17, 2002
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NEW YORK (Reuters) - Hoping that the new year will offer a fresh start for initial public offerings, Wall Street bankers are homing in on one of the few sectors to show promise.
Insurance and reinsurance companies have been the closest thing to a tre...
DATE: Dec 17, 2002
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Bermuda Stock Exchange-listed Brek Energy Corporation - formerly Bermuda-registered FirstEcom.com Ltd. - has had an order banning it from trading securities in British Columbia lifted.
The ban was out in place after Police and special investigators s...
DATE: Dec 17, 2002
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Writs
A writ has been filed by Dux Capital Management Corporation and Jerry C David against Yageo Holiday Bermuda Ltd. December 11. Cox, Hallet & Wilkinson.
A writ has been filed by JT (A minor by Rosalind Parks his guardian and next friend) against ...
DATE: Dec 17, 2002
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The Bermuda Stock Exchange/Royal Gazette index closed at 2,214.53 on Monday 16 December 2002, a fall of 29.55 units.
The volume of shares traded was 8,600 with 5000 warrants in Bermuda Commercial Bank Ltd changing hands. 3,100 shares in BF&M Ltd were...
DATE: Dec 17, 2002
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