49296 results returned for search: "" category ("Other" AND "Business")
One of Bermuda's newest reinusurers - Goshawk Re - has been an assigned an initial financial strength rating of A- (Excellent).
The rating comes from AM Best Company, which is one of the top insurance rating companies.
Goshawk Re, which was incorpora...
DATE: Jan 08, 2002
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It was a quiet day at the Bermuda Stock Exchange yesterday with The Royal Gazette/Bermuda Stock Exchange index gaining 3.93 points or 0.15 percent to close at 2746.1807. The only active issue was KeyTech Ltd. which gained $1.75 or 4.2 percent to clos...
DATE: Jan 08, 2002
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RenaissanceRe Holdings Ltd. yesterday announced an additional commitment of $100 million in capital to Glencoe Insurance Ltd., bringing the total capitalisation of the company to $200 million.
This capital increase is in addition to $34 million in ca...
DATE: Jan 08, 2002
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The cost of reinsurance premiums will likely rise between 30 and 300 percent this renewal season, according to the UK risk managers association (AIRMC).
Speaking to analysts during an investment conference call organised by Merrill Lynch last week, H...
DATE: Jan 08, 2002
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Bermuda-based W.P. Stewart & Co., Ltd. yesterday announced a regular quarterly dividend of 30 cents per common share. The dividend is payable on January 31 to shareholders of record as of January 18.
W.P. Stewart & Co., Ltd. is an asset management co...
DATE: Jan 08, 2002
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A local technology company - Fort Knox - got put to the test over the Christmas holiday when a Hamilton office flooded on Boxing Day.
The company, which offers disaster recovery services, came to the aid of First Atlantic Commerce (FAC) when their gr...
DATE: Jan 08, 2002
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Belco Holdings president Garry Madeiros said the company anticipates "good" fourth quarter results, but reiterated warnings the company is also preparing for the possibility that the Island could face "severe economic recession" in the coming year.
M...
DATE: Jan 08, 2002
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Bermuda is about to take a huge step towards prominence in the world insurance market with the advent of the seven new insurance companies that have set up on the Island, according to Ken LeStrange, chief executive officer of Endurance Specialty Insu...
DATE: Jan 07, 2002
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One of the new wave of insurance companies on the Island, Endurance Specialty Insurance, has made a commitment to hire as many Bermudians as possible and help develop their potential.
The company, which was set up in the wake of the capital drain aro...
DATE: Jan 07, 2002
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Bank of Bermuda overall lost 75 cents last week and helped push the Royal Gazette/Bermuda Stock Exchange index down by more than 0.6 percent during a busy period of trading in which more than $4 million worth of shares changed hands.
The large volume...
DATE: Jan 07, 2002
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