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The Royal Gazette/Bermuda Stock Exchange Index gained 7.85 points or 0.29 percent yesterday to close at 2,679.58. A total of 7,225 shares worth $254,900 were traded.
The Bank of Bermuda was the only stock to change for the day, closing up 25 cents or...
DATE: Apr 10, 2002
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Bank of Bermuda's recorded loss of $4.7 million for a credit card fraud could just be the "tip of the iceberg" according to Canada's Financial Post.
The publication focused on the fraud that hit the bank last year and was first mentioned in the bank'...
DATE: Apr 10, 2002
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A subsidiary of Bermuda-based Stirling Cooke Brown has had its rating downgraded to marginal and tagged with "negative outlook" by ratings agency AM Best, partly due to concerns about the parent company.
The ratings agency put the rating at to C++ (M...
DATE: Apr 10, 2002
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By Lilla Zuill
Troubled financial and insurance services firm Mutual Risk Management may be working to restructure its operations in a bid to stem its financial deterioration.
MRM CEO, Robert Mulderig, yesterday told The Royal Gazette that it continu...
DATE: Apr 10, 2002
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The Bermuda Insurance Index Fund (BIIF) has undergone substantial changes reflecting the new risk landscape formed on the Island following September 11.
Troubled Mutual Risk Management (MRM) which was one of the constituent companies has been axed, a...
DATE: Apr 09, 2002
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Shareholders of Weatherford International Inc. are expected to vote by the end of the month on whether the company is to reincorporate in Bermuda to avoid a take-over and to save money on its taxes.
On Friday the company, which is a supplier of equip...
DATE: Apr 09, 2002
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There was no sign of relief yesterday in the American media of jabbing at US corporations that move offshore with the latest attack - and a continued focus on Bermuda - coming in a Newsweek column due out in the April 15 issue.
Newsweek Wall Street e...
DATE: Apr 09, 2002
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The Listing Committee of the Bermuda Stock Exchange (BSX) yesterday announced the approval of the listing of 800,000 common shares of FairBoss Corporation.
FairBoss was incorporated under the laws of Delaware on November 1, 2000, and through its whol...
DATE: Apr 09, 2002
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Bermuda's new wave of insurers are set to get a bit of competition from a new Luxembourg-based insurance venture.
The company has been formed by six leading European insurers and reinsurers who last week agreed to form a new insurance venture to prov...
DATE: Apr 09, 2002
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It was a quiet day on the Bermuda Stock Exchange yesterday with only 1,000 shares and 7,500 bonds trading hands.
The Royal Gazette/Bermuda Stock Exchange Index fell 7.85 points or 0.29 percent to close at 2,671.74.
The Bank of Bermuda was the only is...
DATE: Apr 09, 2002
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