49296 results returned for search: "" category ("Other" AND "Business")
American International Group, the giant US insurer, was hit by the effects of Midwest floods, the earthquake in Guam and typhoons in Japan, and yet recorded a 33 percent increase in profits to $451 million during the third quarter of fiscal 1993.
The...
DATE: Nov 01, 1993
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team to hand in his resignation in recent weeks.
The 45-year-old senior manager of corporate trust is leaving the bank after 14 years to pursue new opportunities in Bermuda's fast growing financial services sector.
He expects to go near the end of No...
DATE: Nov 01, 1993
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Friday. Bank of Butterfield stock was the only riser, gaining 50 cents to close at $33 on volume of 540. The Bank of Bermuda fell by $3 to $22.50 on volume of 1,523.
Belco dropped by 25 cents to $20.50 on volume of 141 and BF&M's nine percent prefere...
DATE: Nov 01, 1993
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Business Insurance mamagzine reported the dispute focused on payment of $500 million Du Pont made for claims for damage by one of it fungicidal products.
Both XL and Du Pont confirmed they struck a deal on October 8. XL senior vice president Mr. Gavi...
DATE: Oct 29, 1993
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the first time since July as trading remained active.
The Exchange closed up 7.84 points at 1207.23 as investors cast their nets across a wide range of stocks.
Belco jumped 75 cents to $20.76 on volume of 184 shares while Argus shares closed 75 cents...
DATE: Oct 29, 1993
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Lazard Freres, yesterday announced the formation of Bermuda-based reinsurer, LaSalle Re.
Mr. William J. Adamson, interim chairman of the new company, said: "LaSalle Re will be a company that engages in multi-line reinsurance.
"CNA's proven commitment...
DATE: Oct 29, 1993
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-- is back in the black.
After suffering deficits of $33 million, $52 million and $24 million between 1988 and 1990, the indicator -- which measures the balance between imports and exports -- registered a surplus of $8 million and $11 million in 1991...
DATE: Oct 29, 1993
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burgeoning financial services sector.
The recommendations submitted by the Bermuda International Business Association (BIBA) could result in the drafting of a Financial Services Act.
But Minister of Finance the Hon. David Saul said yesterday it was s...
DATE: Oct 29, 1993
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Atlantic have soared in recent years. The Royal Gazette talked with one of Bermuda's most respected accountants, Mr. Charles Kempe, about the problems of insolvency, including the different approaches of the United Kingdom/Bermuda and the United Stat...
DATE: Oct 29, 1993
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indicated that independent securities dealers will soon be allowed to join the Exchange.
Mr. Gunn, who took over from Mr. Bill Dolan two weeks ago, said the Exchange was "eager'' to allow in more members.
It cannot do so, however, until its rules and...
DATE: Oct 29, 1993
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