49296 results returned for search: "" category ("Other" AND "Business")
Bermuda-based Scottish Annuity & Life Holdings, Ltd. (Scottish) yesterday reported earnings which the company said had been affected by increased claims in the wake of the September 11 attacks.
Net operating earnings increased 17 percent to $8.2 mill...
DATE: Feb 14, 2002
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In a surprise move that is sure to shock Bermuda's insurance industry, Overseas Partners Limited (OPL) has announced it is bowing out of the market .
The privately-held company, set up in 1983 as United Parcel Service's (UPS) reinsurer, yesterday sai...
DATE: Feb 14, 2002
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Bermuda reinsurer PXRE Group, Ltd. yesterday reported a $17.97 million net loss or $1.55 per share compared with a loss of $10.8 million or $0.95 per share in 2000.
Releasing its quarterly and year end results on Tuesday, the company said the loss fo...
DATE: Feb 14, 2002
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The epic battle for control of the Thyssen family fortune that has been on hold in the Bermuda courts could be settled within the week, The Royal Gazette has learned.
Rumours about a settlement of the lengthy - and expensive - court case, in which fa...
DATE: Feb 14, 2002
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HAMILTON, Bermuda (Reuters) - Bermuda insurance group ACE Ltd. reported sharply lower quarterly profits yesterday as it set aside
cash for reserves and suffered higher than usual property claims in Europe.
Net income for the quarter ended December 31...
DATE: Feb 13, 2002
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Overseas Partners Ltd. announced yesterday it would cease underwriting in most of its units and would put its US unit, OPUSRe, up for sale.
A statement said that following several strategic reviews, the board of directors of OPL had decided that OP...
DATE: Feb 13, 2002
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The fifth Bermuda Insurance Symposium - billed as the world's biggest gathering of insurance brass - is only a week away.
A coup for organisers this year, Maurice (Hank) Greenberg, chairman and CEO of AIG, has been secured as the keynote speaker on W...
DATE: Feb 12, 2002
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One of the nine new insurance companies to set up in Bermuda in the wake of the September 11 disaster, Goshawk Re, has officially opened for business.
The company, which is a subsidiary of British insurance company Goshawk Insurance Holdings Plc, has...
DATE: Feb 12, 2002
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A piece of legislation which makes it easier for non-insurance companies such as mutual funds set up a segregated account company in Bermuda will take the Island ahead its competitors in other jurisdictions.
This is according to the lawyers at Appleb...
DATE: Feb 12, 2002
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The rate of inflation in Bermuda dipped slightly in December to stand at 2.8 percent, according to statistics released last night by the Government.
The Consumer Price Index, which in Bermuda is used to measure inflation, fell below the 2.9 percent r...
DATE: Feb 12, 2002
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