49296 results returned for search: "" category ("Other" AND "Business")
Bermuda insurance giant ACE Ltd reported in an advance highlight of its earnings heavy losses after being hit by large claims for the terrorist attacks on the World Trade Center on September 11.
The early release was made after announcing a public of...
DATE: Oct 26, 2001
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The largest business unit of Bermuda-based Tyco International; Tyco Electronics has announced the closing of one of its plants in Texas - resulting in the loss of 700 jobs. This follows the closing of two other Tyco Electronics plants in the US.
and ...
DATE: Oct 26, 2001
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Mystery surrounds a new mega-insurance venture which is about to be set up in Bermuda which is believed to rival ACE and XL in size.
The company, which has not been named, is a joint venture between US insurance giants American International Group In...
DATE: Oct 26, 2001
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Bermuda's business leaders will have the long overdue opportunity to network with senior members of the print and electronic media on November 9, when a seminar entitled "Working With The Media" is held at the Bermuda Underwater Exploration Institute...
DATE: Oct 26, 2001
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Losses so far
Bermuda insurance company third quarter results and pay outs for Sept 11 attacks
ACE Ltd. (highlights)
net loss $442.6 million (estimate)
revenues not available
losses from Sept 11 $558.8 million
Everest Re
net loss $43.8 million,
reve...
DATE: Oct 26, 2001
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Stirling Cooke Brown Holdings Limited announced that George Jones, "at his own request and for personal reasons", has relinquished his duties as chief financial officer for an indefinite period of time.
In a release, the company said Mr. Jones will t...
DATE: Oct 26, 2001
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Bermuda-based PartnerRe announced this week that it has been granted a licence to operate a branch in Honk Kong.
Mr. Patrick Thiele, President and CEO of PartnerRe, formally inaugurated the branch operations at a cocktail reception held on October 18...
DATE: Oct 26, 2001
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Everyone else saw the economic downturn coming, apart from the Government, according to Shadow Finance Minister Dr. Grant Gibbons.
In an attack on Government economic policy, Dr. Gibbons claimed the UBP had sounded the warning bell at the budget deba...
DATE: Oct 26, 2001
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The Retail Sales Index (RSI) for August saw another drop in retail sales volume after adjusting for inflation - despite more than a 30 percent surge on last year's figure by the motor industry.
Retailers' fears were confirmed as spending on apparel a...
DATE: Oct 25, 2001
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Bermuda- based Arch Capital Group Ltd. is to set up a Bermuda-based reinsurer as the investment group looks to take advantage of soaring reinsurance rates following the destruction of the World Trade Center.
Arch Capital said the venture, to be calle...
DATE: Oct 25, 2001
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