49296 results returned for search: "" category ("Other" AND "Business")
A move toward more insurance securitisation would bring far more competition and be led by the most efficient of firms, Centre Re (Bermuda) Ltd. CEO, Michael Hamer told a Bermuda Insurance Institute luncheon yesterday.
Securitisation -- the bundling ...
DATE: Nov 22, 1996
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AUTHOR:
David Fox, Business Editor
changes in 1993.
In just released 1996 fiscal year results, the bank reported profit of $2.2 million compared to $1.6 million for the prior year, an increase of 37 percent. Profit was $1 million in 1994 and $.5 million in 1993.
For the year ended Sep...
DATE: Nov 22, 1996
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to $590,347 as a result of vessel sales and lower running costs.
MC, which operates its container ship and multi-purpose fleet from Monaco, said it had revenues for the three months to September 30 of $6.2 million, down 2.4 percent from 1995.
For the...
DATE: Nov 22, 1996
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Exchange yesterday.
In other trading, Bank of Butterfield gained 25 cents closing at $9.75 while Belco was unchanged at $19.25.
The index, buoyed by the bank gain, closed at 963.07, up 5.64 points.
DATE: Nov 21, 1996
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US authorities last night cleared the way for a new telephone cable to be laid between North America and Bermuda in a ruling that will come as a blow to a US group.
The State Department gave authorisation for a cable landing licence for TeleBermuda -...
DATE: Nov 21, 1996
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Sphere Drake Holdings Ltd. president and CEO Michael Watson described this week's restructuring announcement as a watershed for the insurer/reinsurer.
"Part of announcing these changes is to draw a line in the sand,'' separating the company's checker...
DATE: Nov 21, 1996
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society which could see more ships added to the local shipping register.
The talks follow a decision by the British Government to allow the Italian classification society to inspect ships registered in the United Kingdom.
Now the same rights are expe...
DATE: Nov 21, 1996
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Wide Web site caught the editorial eye of the Financial Times, BIBA said this week.
"The web site received a pat on the back from the Financial Times when the paper ran a feature on the new site in their `Cyber Sightings' column,'' BIBA said.
The Fin...
DATE: Nov 21, 1996
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The world's first offshore insurance risk exchange is to be established here in Bermuda as a joint venture led by the Bermuda Stock Exchange (BSX), and with the expected participation of key firms in Bermuda's insurance and reinsurance industry.
The ...
DATE: Nov 21, 1996
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The move by the giant Zurich Insurance Group to substantially increase its presence here is an acknowledgement of the rising prominence of the Bermuda insurance market, a top company executive confirmed.
Zurich Global Energy Ltd. is an agency set up ...
DATE: Nov 21, 1996
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