49296 results returned for search: "" category ("Other" AND "Business")
New Bermuda insurer, Endurance Specialty Insurance Ltd., beat off stiff competition by at least six other insurance companies to buy La Salle, according to industry sources.
And The Royal Gazette has learned that Endurance won the contract because it...
DATE: May 22, 2002
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The Bank of Butterfield acted as custodian to a fraudulently run offshore mutual fund that filed for bankruptcy.
Evergreen Security went bankrupt in January last year and is insolvent by approximately $200 million. The Bank has not been named in any ...
DATE: May 21, 2002
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Minister of Finance Eugene Cox is in London to find out what the UK government is going to expect from Bermuda when controversial European Union (EU) tax disclosure laws come into effect at the end of this year.
The new laws could lead to the UK aski...
DATE: May 21, 2002
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US companies looking to reincorporate in Bermuda and other tax-friendly jurisdictions face another potential barrier after a bill imitating the so-called Patriot Act was introduced in Congress last week.
On Thursday, a week after her husband opposed ...
DATE: May 21, 2002
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The Supreme Court of Bermuda is expected to be asked to appoint a permanent liquidator for Bermuda-registered Carolina Re, which went into liquidation in December last year.
Caroline Re was officially wound up in Bermuda on March 22, but on Friday no...
DATE: May 21, 2002
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Last week I talked about the July 1, 2002 renewal date being the point of fulcrum for many of the Bermuda insurers.
I questioned whether they have adequate infrastructure in place to underwrite the risks coming their way.
I was not prepared for the a...
DATE: May 20, 2002
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The Royal Gazette/Bermuda Stock Exchange index gained 13.678 or 0.49 percent last week to close at 2,766.60. A total of 22,671 shares worth $541,239 were traded.
The Bank of Bermuda gained $1 or 2.22 percent, closing at $46 after 6,949 shares changed...
DATE: May 20, 2002
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Rating agency AM Best has downgraded the financial strength rating of Bermuda-based LaSalle Re Limited despite its parent, the Trenwick Group entering in to a quota share reinsurance agreement with Endurance Specialty Ltd.
LaSalle's rating was downgr...
DATE: May 20, 2002
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A collaboration between a Bermuda wedding planner and a US travel agent could bring hundreds more tourists to the Island, according to the new partnership.
Bermuda Bride, which is run by wedding planner Nikki Begg, has been helping brides, both on an...
DATE: May 20, 2002
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The LaSalle Re deal clinched by Endurance Specialty Insurance could create extra jobs.
Endurance, one of the Island's newest reinsurers, has acquired the in-force business of LaSalle Re.
It means that within five months of setting up as a new reinsur...
DATE: May 20, 2002
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