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The Royal Gazette Bermuda Stock Exchange Index gained 27.71 points or 1.25 percent yesterday to close at 2,243.53. A total of 88,424 shares worth $2,389,252 shares were traded.
The Bank of Bermuda gained $1 or 3.3 percent to close at $31 on volume of...
DATE: Jul 26, 2002
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St Paul Re names senior execs
Executives have been named to two senior management positions at St. Paul Re, the reinsurance operation of The St. Paul Companies; William Robbie, as chief financial officer, and Michael Lombardozzi, as general counsel.
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DATE: Jul 26, 2002
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A Manhattan Bankruptcy Court on Tuesday confirmed Bermuda-based APW Ltd.'s Chapter 11 reorganisation plan, enabling the company to emerge from bankruptcy.
A judge signed an order approving the adequacy of the plan disclosure statement and confirmed a...
DATE: Jul 26, 2002
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The number of companies on Bermuda's register has declined, investment income has tanked compared to when the stock market was soaring, there are fewer jobs and the Island has run a trade deficit for the past two quarters. In February, the Ministry o...
DATE: Jul 26, 2002
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A new storm is brewing on the horizon for companies reincorporating in Bermuda.
California State Treasurer Phil Angelides yesterday said he will prohibit the Treasurer's Office and various state boards chaired by the Treasurer from engaging in busine...
DATE: Jul 26, 2002
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A new lifestyle magazine, and with all Bermuda content, has been launched but don't rush out to the nearest news stand.
Bermuda Living is not a high-gloss page turner but a slick online magazine. That makes it just a computer click away at www.bermud...
DATE: Jul 25, 2002
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Standard & Poor's Ratings Services yesterday lowered its counterparty credit and insurer financial strength ratings on Bermuda-based insurer The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Ltd. (also known as The Club) to single-...
DATE: Jul 25, 2002
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The Royal Gazette/Bermuda Stock Exchange Index slid lower yesterday as Bank stocks took a beating sending the index down 67.77 points or 2.97 percent to close at 2,215.82.
The Bank of Bermuda continued its downward spiral, loosing $1 or 3.2 percent t...
DATE: Jul 25, 2002
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Bermuda-based reinsurer IPC Holdings Ltd. has joined the pack of Island insurers reporting strong second quarter earnings.
The property casualty reinsurer's results for the period ended June 30, 2002 were net income of $48.7 million compared to $20.8...
DATE: Jul 25, 2002
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Although efforts to stop companies that reincorporate outside of Bermuda from getting government contracts was voted down in the US Congress this week, Democratic party leaders have vowed to keep pushing for the measure.
The House of Representatives ...
DATE: Jul 25, 2002
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