49296 results returned for search: "" category ("Other" AND "Business")
Local retailers are sharing the shock of Tuesday's horrific attacks on the US and facing up to a difficult short term future as travel restrictions and delays look certain to slash the number of visitors to the Island.
Director of the Hamilton Chambe...
DATE: Sep 14, 2001
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LONDON, Sept 13 (Reuters) - Rebounding insurers propped up European stock markets on Thursday but investors remained on edge awaiting Wall Street's reopening and bracing for U.S. retaliation for Tuesday's terror attacks.
Swiss Re's 10.6 percent surge...
DATE: Sep 14, 2001
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LONDON (Reuters) - Insurers could be pushed to the limit by billions of dollars in claims from Tuesday's attacks on the United States, while airlines could face potentially crippling liability costs, experts said on yesterday.
The insurance industry ...
DATE: Sep 14, 2001
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It was the thought of the couple gathering extreme courage together, holding hands as they leapt, leaving their workplace, their families, and their lives anonymously linked forever to this terrible day in history, that brought it all home. One can o...
DATE: Sep 14, 2001
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Fairmont Hotels & Resorts Inc., the owners of the Southampton and Hamilton Princesses, is to lower its earnings projections following the attack on the United States.
The company said that the tourism and hotel industry as a whole would be affected b...
DATE: Sep 14, 2001
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Impact on Bermuda's
insurance industry
Counting the cost to Bermuda
Below is the list of insurers and reinsurers in Bermuda that have acknowledged exposure to claims related tothe destruction of the attacks in the United States, along with their earl...
DATE: Sep 14, 2001
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Bermuda insurance giants ACE Ltd and XL Capital Ltd will between them bear over $1 billion of the claims from the terrorist attacks in New York and Washington, both companies announced yesterday.
This is one fifteenth of the estimated total cost of t...
DATE: Sep 14, 2001
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The Bermuda Stock Exchange index dropped 82.5 points yesterday after Bank of Bermuda shares continued to drop to $40 - its lowest since December 2000.
Bank of Bermuda stock fell again $2.00 or $4.8 percent to $40, and Bank of Butterfield lost 25 cent...
DATE: Sep 14, 2001
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Impact on Bermuda's insurance industry
Affected
XL Capital: Announced that based on initial estimates, XL would face claims of between $600 and $700 million.
ACE: Spokeswoman said third-quarter earnings would be cut by about $400 million due to claim...
DATE: Sep 14, 2001
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The Bank of Bermuda said yesterday said it was endeavouring to carry on with "business as usual," and urged investors not to panic.
CEO Henry Smith said: "Many of us at the bank have links to the US through work and family. Indeed, many of us work cl...
DATE: Sep 13, 2001
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