49296 results returned for search: "" category ("Other" AND "Business")
year profit rose 33 percent.
For the 12 months ended December 31, the insurer made $28.8 million compared to $21.7 million.
Gross written premiums reached an all-time high of $109.6 million, up nine percent from $100.7 million in 1995.
The increase w...
DATE: Mar 10, 1997
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taken by The Shipowners Insurance and Guaranty Co. Ltd. (SIGCo) in the commercial Certificate of Financial Responsibility (COFR) market.
SIGCo was incorporated to provide COFR guaranties to the US Coast Guard on behalf of ship owners, as required und...
DATE: Mar 10, 1997
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AUTHOR:
David Fox, Business Editor
Bermuda's Airport later this year.
Transport Minister Wayne Furbert announced that Bermuda Aviation Services had won the contract to build the new centre next to Kindley Field Road.
It is expected to be open by August and officials hope it will stimu...
DATE: Mar 08, 1997
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the majority interest in the local insurance and shipping agency company, Harnett & Richardson Ltd. (H&R), together with the sale of prime Front Street real estate.
The parties were said to have initially reached agreement as far back as December, al...
DATE: Mar 07, 1997
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AUTHOR:
David Fox, Business Editor
Bermuda-based RVI Guaranty Co., Ltd., the insurer said yesterday.
The initial S&P rating follows a January announcement that Continental Casualty Co. (CNA), a subsidiary of CNA Financial Corp., will acquire a 50 percent stake from RVI owner Quantum I...
DATE: Mar 07, 1997
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quarterly cash dividend of 75 cents per share on the company's common stock.
The dividend will be payable on April 10, 1997 to shareholders of record on March 21, 1997.
Mid Ocean Limited, through its wholly-owned subsidiary, Mid Ocean Reinsurance Com...
DATE: Mar 07, 1997
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Belco Holdings is set to sign an agreement to build a $3 million "west city sub-station'' at the development site for the PW's waterfront, ensuring power to the west end of the city.
It ends a long running saga in which planning authorities blocked t...
DATE: Mar 07, 1997
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AUTHOR:
David Fox, Business Editor
ADT Ltd., the largest security company in the US and the UK, strengthened its shareholder rights plan a day before rejecting Western Resources Inc.'s $3.5 billion sweetened hostile takeover bid, a Securities and Exchange Commission filing revealed.
W...
DATE: Mar 07, 1997
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yesterday. Bermuda Home preferred led closing up 37.5 cents at $10.75. Argus and BAS gained 12.5 cents closing at $12 and $3.625 respectively. Bank of Bermuda, Bank of Butterfield, Bermuda Home, BCS, Belco and Telco were unchanged. The index closed a...
DATE: Mar 07, 1997
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Telco and Devonshire Industries closed up 75 cents at $36 and $11 respectively. Argus fell 12.5 cents to $11.875. Bank of Bermuda, Bermuda Home preferred, and BF&M preferred were unchanged. The index edged up 1.30 points to 918.79. ---- Chart, Page9
DATE: Mar 06, 1997
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