49296 results returned for search: "" category ("Other" AND "Business")
The announcement on Friday that Bermuda insurer AXIS Speciality Limited had bought up Sheffield Insurance Corporation and taken on 80 new staff from insurance broker Aon has, virtually overnight, made the new kid on the block a major insurance player...
DATE: Nov 18, 2002
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In my final column on the captive industry, I will focus on the one question I've been asked about the captive insurance industry - how does one get into the industry?
The captive concept has been around for a long time and it has evolved significant...
DATE: Nov 18, 2002
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Bermuda-registered Sea Containers Ltd. is to sell $35 million worth of shares in affiliate Orient-Express Hotels Ltd. as it moves to reduce more than $150 million in debt which must be paid next year.
The company made the announcement after announcin...
DATE: Nov 18, 2002
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The Royal Gazette/Bermuda Stock Exchange yesterday fell 5.64 points to close at 2,157.71.
The highest volume of trading came from Bermuda Commercial Bank which saw 6,500 shares trade while the share price fell 50 cents to $6.
The Bank of Butterfield ...
DATE: Nov 16, 2002
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Raymond Tannock, with a B.S. in Finance, has made a career of working in investment services. Now he is striking out on his own with plans to set up his own investment company - and slated to be called RAMDS Financial Services - within the next year....
DATE: Nov 16, 2002
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American companies that move to Bermuda may not lose out on federal contracts after all.
In the latest chapter of the corporate inversion controversy, the House of Republicans on Wednesday passed a bill for establishing a Department of Homeland Secur...
DATE: Nov 15, 2002
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The world insurance industry is facing a capital shortage.
Mark Lima, a senior vice president at ACE Financial Solutions Ltd., said: “When you think about how much capital has left the industry and how much has come in, there's not nearly enough.”
As...
DATE: Nov 15, 2002
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The administrative task known as compliance is atop the business agenda. The initiatives of the OECD (Organisation of Economic Co-operation and Development) and FATF (Financial Action Task Force) placed it there, and the Patriot Act, this summer's co...
DATE: Nov 15, 2002
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Endurance Specialty Holdings Ltd. yesterday reported net profits of $28.9 million for its third quarter, and nine month net income of $63.5 million.
The company, formed in the wake of the September 11 terrorist attacks, recorded gross premiums writte...
DATE: Nov 15, 2002
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The wave of recent corporate scandals has put company directors and management under increasing scrutiny with new requirements mandating stricter controls and even potentially putting limits on the remuneration directors can take for their services.
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DATE: Nov 15, 2002
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