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Bermuda Stock Exchange. The Bank of Butterfield fell 25 cents to close at $14.
Meanwhile hardware retailer Masters Ltd. fell $1.50 to $6.50. Staples Holdings gained 25 cents to close at $8.25.
The stock exchange index gained 14.39 points to close at ...
DATE: Oct 29, 1997
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The Bank of Butterfield yesterday welcomed positive ratings of the Bermuda banking environment, as issued by Moody's Investors Services.
Moody's said that Bermuda's three banks benefit from the sound banking environment in Bermuda, which carries Aa1 ...
DATE: Oct 29, 1997
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AUTHOR:
David Fox, Business Editor
30, than for the entire financial year to June 30, 1997.
The record first quarter profit of $10.7 million was a dramatic increase of 157.7 percent over the first three months of the last financial year, when re-stated net income amounted to $4.2 mill...
DATE: Oct 29, 1997
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AUTHOR:
David Fox, Business Editor
Bermuda-based IPC Holdings, Ltd. reported profits for the third quarter ended September 30, 1997 of $25.5 million, or 96 cents per share, an increase of about 33 percent over the same period last year.
Net income for the first nine months of the curr...
DATE: Oct 29, 1997
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AUTHOR:
Ahmed Elamin
In an increasingly competitive world of property catastrophe reinsurance, Bermuda-based Renaissance Reinsurance Ltd. believes its $8 million investment in computer technology is helping keep the company away from disasters.
There are six vendors of o...
DATE: Oct 29, 1997
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CATEGORY:
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AUTHOR:
Ahmed Elamin
Annual Reports Competition of the Bermuda Branch of the Institute of Chartered Secretaries and Administrators (ICSA) of Canada.
And the banking supervisors, the Bermuda Monetary Authority, stole the show in the category for local companies.
In its th...
DATE: Oct 29, 1997
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The Bank of Bermuda has recorded record first quarter earnings of $14.2 million for the three months to September 30 -- some 77 percent higher than for the same period last year.
The record numbers come through continued growth in core business, but ...
DATE: Oct 28, 1997
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AUTHOR:
David Fox, Business Editor
A property loss adjuster with worldwide experience in adjusting multi-million dollar losses, including the 1993 World Trade Center bombing, is to deliver an address at the Bermuda Insurance Institute (BII) luncheon at the The Club on Thursday.
Edward...
DATE: Oct 28, 1997
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cents per share, for the first half of its financial year ended September 30, a gain of about 16 percent over the same period last year.
Chairman Neville Conyers reported the company was able to improve its performance despite a "significant decline'...
DATE: Oct 28, 1997
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as the Dow Jones industrial average fell more than 550 points yesterday.
ACE Ltd. stock fell $4.75 to close at $92, about a five percent drop. American International Group Ltd. fell $4.75 to $99.50. EXEL Ltd. fell $4 1 to close at $56.75. Renaissance...
DATE: Oct 28, 1997
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