49296 results returned for search: "" category ("Other" AND "Business")
Stock Exchange down 5.55 points to close at 1,634.23 on a volume of 31,178 shares valued at $853,006.38. The Bank of Butterfield closed at $17.75. Bank of Bermuda warrants fell 75 cents to close at $13.
DATE: Mar 18, 1998
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Bermuda liquidators of EMLICO (Electric Mutual Liability Insurance Co.) have told a federal judge in Massachusetts that they worked for EMLICO and its founder, General Electric Company, prior to being selected liquidators of EMLICO.
EMLICO reinsurer ...
DATE: Mar 18, 1998
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AUTHOR:
David Fox, Business Editor
remember, according to a Senator.
Senate Opposition Leader Milton Scott told members of the Senate that often holidaymakers heading into the Island from the US were treated to a picnic lunch but deserved better.
He told of a recent flight on Delta Ai...
DATE: Mar 18, 1998
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The Internet is a great equaliser, allowing the mouse to roar against the lion. The world-wide community of computer users has become an effective tool for collective actions as Halifax Plc, Britain's largest mortgage lender, is learning at its peril...
DATE: Mar 18, 1998
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AUTHOR:
Ahmed Elamin
4.9 million shares on the Bermuda Stock Exchange. The closed-end investment fund was incorporated in the British Virgin Islands last year. It will invest mainly in French real estate. Shares can be sold to qualified investors only.
DATE: Mar 17, 1998
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Bermuda-based Oil Casualty Insurance, Ltd. (OCIL) has declared net income of $62.1 million, and marked a seventh consecutive year of financial improvement.
Total assets rose 13 percent to $521.6 million and total shareholders' equity (capital & surpl...
DATE: Mar 17, 1998
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AUTHOR:
David Fox, Business Editor
with Mid Ocean Ltd. an "act of desperation'' as the companies seek to grow through acquisition in a market where there is an overcapacity.
Others see the move as a logical one in a market where the larger companies are taking over the business.
"In s...
DATE: Mar 17, 1998
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Other
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AUTHOR:
Ahmed Elamin
Exel Ltd.'s buying spree came to a head yesterday when the company announced a takeover of Mid Ocean Ltd. for $2.1 billion in stock.
The joining of the two Bermuda-based reinsurers will create a powerhouse with $8 billion in market capital, making it...
DATE: Mar 17, 1998
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Bermuda insurer, Exel Ltd., has reported a 43.8 percent increase in first quarter net income to February 28 at $155.4 million or $1.81 per share.
Operating earnings, excluding realised investment gains, were $92.5 million, compared to $75.5 million i...
DATE: Mar 17, 1998
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share volume of 6,855 and turnover of $180,261.50.
Bank of Bermuda Warrants finished 75 cents higher at $13.75 on a volume of 200, as Bermuda Home ended the day 50 cents lower at $9.625 on a volume of 686.
Bank of Bermuda, on a volume of 3,742, close...
DATE: Mar 17, 1998
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