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  • TeleBermuda gets new owner

    6/18/03
    Bermudan long distance and datacoms operator TeleBermuda International has been purchased by Stonington Partners, a private investment firm located in New York, the Royal Gazette reported. The transaction took place through the...

  • Old Mutual to purchase Sage Life

    4/15/03
    South African insurer Old Mutual has agreed to buy Bermuda-based Sage Life, a specialist provider of customized and proprietary annuity products to non-US residents, for an undisclosed price, Old Mutual said in a statement. The...

  • Petredec Limited

    2/3/17
    The international company Petredec Limited is aimed to the trading, transport, storage and distribution of LPG and relative logistic services. Petredec identifies unbalances in the LPG market and creates risk management programs...

  • S&P affirms White Mountains rating

    5/9/03
    International rating agency Standard & Poor's (S&P) has affirmed its 'BBB-' counterparty credit rating on Bermuda-based White Mountains Insurance Group (NYSE: WTM), the agency said in a statement. The company's outlook was...

  • Consortium takes 35% stake in Quantum

    3/18/03
    A consortium led by Bermuda-based tech firm Paragon Technology Group has acquired a 35% stake in local corporate communications provider Quantum, Bermudan daily The Royal Gazette quoted Paragon CEO Graham Pearson as saying. ...

  • ATN drops bid for BDC ownership

    2/19/03
    US Virgin Islands-based telco Atlantic Tele-Network (AMEX: ANK) (ATN) has dropped a bid to acquire full ownership of Bermuda-based mobile operator BDC, Bermudan daily The Royal Gazette reported. ATN already has a 43% stake in BDC,...

  • SCH to buy Coutts LatAm ops

    5/14/03
    Spanish financial group SCH (NYSE: STD) has agreed to buy the Miami-based Latin American operations of private bank Coutts Group from The Royal Bank of Scotland in a deal expected to close within three months pending regulatory...