49296 results returned for search: "" category ("Other" AND "Business")
Bermuda reinsurer Everest Re has announced that it believes it will be hit with a $25 million bill after the collapse of global energy giant Enron Corporation earlier this month.
The company's shares fell yesterday by 2.9 percent to $67.23 on the New...
DATE: Dec 11, 2001
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Bermuda-based PXRE yesterday announced that it has signed an agreement which will bring in $150 million of new capital in a move that brings the total amount of new capital raised in Bermuda since September 11 to $10 billion.
The huge influx of money...
DATE: Dec 11, 2001
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The Royal Gazette/Bermuda Stock Exchange index gained 57.782 points or 2.38 percent last week to close at 2,430.22. A total of 160,654 shares worth $6,728,623 were traded.
Banks led the rally as The Bank of Bermuda gained $1.50 or 3.45 percent to clo...
DATE: Dec 10, 2001
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Probably the last person you would expect to see - or want to see - at an offshore insurance conference would be an Internal Revenue Service agent.
Half the fun of running a business offshore is legally stopping the taxman from biting into your profi...
DATE: Dec 10, 2001
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A Bermuda insurance company has just opened an new reinsurance company in Ireland, according to a release issued by Imagine Re.
The Board of Directors of Imagine Insurance Company Ltd., the wholly owned subsidiary of Imagine Reinsurance Holdings Ltd....
DATE: Dec 10, 2001
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First Atlantic Commerce (FAC), a Bermuda-based e-commerce consulting company, has launched a new consulting service called SecureRisk.
Chief executive officer Andrea Wilson (shown here) said SecureRisk - which was designed by FAC for banking clients ...
DATE: Dec 10, 2001
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Local liquor distributors Gosling Brothers Limited have announced that they will merge with their subsidiary Cosmopolitan Liquors in a move to consolidate and expand business in Bermuda and overseas.
In a statement last week, the directors of the Gos...
DATE: Dec 10, 2001
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Six Rego Realtors agents joined more than 23,000 realtors from around the world who travelled to Chicago to learn about the latest industry trends, network with colleagues, and continue their professional development at the 2001 Realtors Conference &...
DATE: Dec 10, 2001
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In the face of US energy giant, Enron, filing bankruptcy, Bermuda-based ACE Limited yesterday reported that its exposure to Enron's losses will not have a significant impact on the business.
ACE Limited said it would not normally comment comment on i...
DATE: Dec 10, 2001
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A hard economy is a breeding ground for mergers and aquisitions which is evidenced by Bermuda-based Tyco International Ltd.'s purchase of Paragon Trade Brands in a $650 million buyout.
Paragon is based in Norcross, Georgia, and has manufacturing plan...
DATE: Dec 10, 2001
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