49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based ACE has poured $60 million of additional capital into ACE Europe to steady its finances after the subsidiary reported a $90 million loss for 2001.
ACE injected $60 million into ACE Europe at the end of last year and added another $60 mi...
DATE: Aug 16, 2002
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A year after it was listed on the Bermuda Stock Exchange, LOM (Holdings) Ltd., which owns the Lines Overseas Management investment businesses, has told the exchange it plans to buy back some if its shares.
In a notice to the BSX, LOM said it has set ...
DATE: Aug 16, 2002
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Benfield Grieg, the world's third-largest insurance broker, is likely to redomicile in Bermuda before seeking a listing on the New York Stock Exchange, the Financial Times reported yesterday.
The FT said that Marsh, the world's biggest insurance brok...
DATE: Aug 16, 2002
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Two Bermuda-based businessmen - Paul Lemmon and Andrew Proctor - have been arrested in a white collar crime bust after a lengthy undercover operation in the US.
The two were included along with 58 other people who were criminally indicted over the pa...
DATE: Aug 16, 2002
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Attorney General Lois Browne Evans refused to assist Acting Justice the Hon. Phillip Storr in a matter concerning a proposed partnership between local company Evoke International Ltd. and Interspace Airport Advertising Ltd. The Royal Gazette learned ...
DATE: Aug 16, 2002
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Three operating subsidiaries of Bermuda based ESG Re Ltd. have been put on CreditWatch with negative implications by Standard & Poors (S&P) rating agency.
S&P said yesterday it had placed its double `B' minus long-term counterparty credit and insurer...
DATE: Aug 15, 2002
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Some Bank of Butterfield account holders have been left high and dry with their purchasing power cut off.
The Royal Gazette understands that up to several hundred local consumers have lost the ability to make debit card purchases with their Butterfie...
DATE: Aug 15, 2002
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The trend of Bermuda insurance companies profiting from increased business in the wake of a void in capacity following the September 11 terrorist attacks is holding up if second quarter results are anything to go by.
Case in point are the results rel...
DATE: Aug 15, 2002
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The Royal Gazette/Bermuda Stock Exchange Index remained unchanged yesterday, closing at 2,320.29 in a light day of trading.
The only stock to trade in the banking sector was the Bank of Butterfield which remained unchanged at $32.50 despite 3,100 sha...
DATE: Aug 15, 2002
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In a move intended to cut their costs and pool their resources, Meyer Travel and Franklin Travel will become Meyer-Franklin Travel, the agencies announced yesterday.
The two travel agencies will officially merge on October 1. By pooling their resourc...
DATE: Aug 15, 2002
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