49296 results returned for search: "" category ("Other" AND "Business")
Investors in and creditors of Bermuda-based Sentinel Insurance Company have been called to meetings to decide whether to appoint liquidators and a committee of inspection into the failed venture.
On Friday December 21 a notice to creditors first meet...
DATE: Dec 28, 2001
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A.M. Best Co. has assigned an indicative financial strength rating of A- (Excellent) to Danish Re Bermuda Ltd., a global reinsurer which underwrites at Lloyd's as an Integrated Lloyd's Vehicle and through its fully licensed Bermudan risk carrier.
The...
DATE: Dec 28, 2001
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Without the huge amount of capital flowing into the insurance and reinsurance world in Bermuda there would be a global insurance crisis, according to Robert Hartwig, chief economist at the Insurance Information Institute in Washington, DC.
Mr. Hartwi...
DATE: Dec 28, 2001
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Total capital, from new companies (so far): $6.9 billion
Total capital from existing companies $3.677 billion
Total new capital so far: $10 billion
Total number of jobs: Approx 120 (so far)
Arch Re Ltd
Lines of business: Broad-based multi-line reinsu...
DATE: Dec 27, 2001
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Bermuda-based Global Crossing this week announced it is, until further notice, suspending dividend payments for its preferred shares.
The telecommunications company said the stop on dividend payments, applies to outstanding shares of its 6 percent c...
DATE: Dec 27, 2001
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The last of the reinsurers to set up in Bermuda, Goshawk Re, expects to be up and running by mid January at the latest and announcements should be made about key positions in the New Year.
This is according to Chris Fagan, financial director of Gosha...
DATE: Dec 27, 2001
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Key Tech, which is the parent company of BTC and Logic Communications, this week reported a net earnings drop of close to $1.7 million, for the six months ending September 30.
The company - which is also part owner of Cablevision - reported its net i...
DATE: Dec 27, 2001
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Last week, I talked about Enron and what has happened to it.
This week I will briefly describe how the Directors and Officers (D&O) policy will compensate the directors and officers of Enron.
What is Directors and Officers Liability?
Directors of al...
DATE: Dec 24, 2001
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A half-dozen Fidelity mutual funds were wound up last week, but the company said the move was "a bit of corporate housekeeping".
Fidelity's senior legal counsel Matthew Heath told The Royal Gazette the wind-ups were made following the decision, some ...
DATE: Dec 24, 2001
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Alea Group Holdings (Bermuda) Ltd. has seen its total operating capital rise to $500 million, after receiving $250 million in new capital.
The company announced the new capital is the result of a strategic capital enhancement programme and includes a...
DATE: Dec 24, 2001
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