Business http://www.royalgazette.com Business en-us Saving for retirement are you on track? ltbgtMartha Myron, our personal finance expert, is taking a rare break from her Moneywise column this week. Instead we are running this highly informative piece on retirement fund planning by the financial education website, Investopedia, adapted in some places for our Bermuda readership. ltbgtAre you behind. .. http://www.royalgazette.com/personal-finance/article/20161210/saving-for-retirement-are-you-on-track&source=RSS Sat, 10 Dec 2016 08:00:00 EST http://www.royalgazette.com/personal-finance/article/20161210/saving-for-retirement-are-you-on-track&source=RSS Six things to mull as stocks break records The post-election rally has taken stock markets to all-time highs. Readers know I am not a fan of making stock-market predictions, but the recent gains do raise some interesting questions. Rather than offer up a silly and very likely wrong forecast, I prefer to share instead some thoughts that you might have overlooked. I hope you will. .. http://www.royalgazette.com/personal-finance/article/20161210/six-things-to-mull-as-stocks-break-records&source=RSS Sat, 10 Dec 2016 08:00:00 EST http://www.royalgazette.com/personal-finance/article/20161210/six-things-to-mull-as-stocks-break-records&source=RSS Reggae artist Roache lands top job at Hiscox Maths wizard David Roache has gone to the top of the charts in music as well as his profession. Mr Roache, 35, has been a successful reggae performer and now he has been promoted to head of risk excess at Hiscox Re. The Bermudian graduate in commerce with a speciality in actuarial science said I had an uncle who was an actuary. .. http://www.royalgazette.com/re-insurance/article/20161209/reggae-artist-roache-lands-top-job-at-hiscox&source=RSS Fri, 09 Dec 2016 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20161209/reggae-artist-roache-lands-top-job-at-hiscox&source=RSS Bermuda insurer in 1.1bn New York IPO Shares of Bermudian-based insurer Athene Holding Ltd this morning began trading on the New York Stock Exchange in an initial public offering that raised around 1. 1 billion. Existing shareholders of Athene were looking to sell 27 million shares for a price set last night at 40 per share, at the midpoint of the previously announced 38 to. .. http://www.royalgazette.com/business/article/20161209/bermuda-insurer-in-11bn-new-york-ipo&source=RSS Fri, 09 Dec 2016 11:11:00 EST http://www.royalgazette.com/business/article/20161209/bermuda-insurer-in-11bn-new-york-ipo&source=RSS Trust industry upbeat on Bermuda The millennial generation around the world is set to inherit trillions of dollars over the next few years and an expert warned yesterday they will want ethical investments. Gina Pereira, of Toronto-based Dana Philanthropy, said Younger people, whats coming through in the research is they dont want to do things the way their mom and. .. http://www.royalgazette.com/international-business/article/20161209/trust-industry-upbeat-on-bermuda&source=RSS Fri, 09 Dec 2016 08:00:00 EST http://www.royalgazette.com/international-business/article/20161209/trust-industry-upbeat-on-bermuda&source=RSS Butterfield shares climb 0.9 The Bank of Butterfield rose 25 cents, or 0. 9 per cent, to 28. 50 today in Bermuda Stock Exchange trading. The move came after 750 shares changed hands. On the New York Stock Exchange, the bank went up 81 cents, or 2. 79 per cent, to 29. 81. The rest of the days trading left the shares involved unchanged. Financial. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20161209/butterfield-shares-climb-09&source=RSS Fri, 09 Dec 2016 17:56:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20161209/butterfield-shares-climb-09&source=RSS Drug firm Endo lists 1.2bn of debt on BSX A manufacturer of generic drugs has listed around 1. 2 billion of debt on the Bermuda Stock Exchange. Endo International, whose corporate base is in Ireland, placed the 6 per cent notes, due in February 2025, through Endo Finance Issuers. Greg Wojciechowski, chief executive officer of the BSX, welcomed the listing which he said was. .. http://www.royalgazette.com/international-business/article/20161209/drug-firm-endo-lists-12bn-of-debt-on-bsx&source=RSS Fri, 09 Dec 2016 08:00:00 EST http://www.royalgazette.com/international-business/article/20161209/drug-firm-endo-lists-12bn-of-debt-on-bsx&source=RSS Gale takes top Bermuda XL reinsurance post Insurance firm XL Catlin has made a series of senior appointments. Jonathan Gale, chief executive, London reinsurance, will become chief executive of Bermuda reinsurance. And Rob Littlemore, underwriting director for London reinsurance, will fill Mr Gales former post. Both will report to Charles Cooper, chief executive. .. http://www.royalgazette.com/re-insurance/article/20161209/gale-takes-top-bermuda-xl-reinsurance-post&source=RSS Fri, 09 Dec 2016 18:44:00 EST http://www.royalgazette.com/re-insurance/article/20161209/gale-takes-top-bermuda-xl-reinsurance-post&source=RSS Trumps Bermuda company Donald Trumps sprawling business empire includes a company based in Bermuda. The US President-elect owns D. J. Aerospace Bermuda Ltd, according to the 104-page submission to the Federal Election Commission in which he listed his financial interests. In the document Mr Trump described himself as president and director of the. .. http://www.royalgazette.com/business/article/20161208/trumps-bermuda-company&source=RSS Thu, 08 Dec 2016 08:00:00 EST http://www.royalgazette.com/business/article/20161208/trumps-bermuda-company&source=RSS KeyTech shares fall 23 KeyTech Ltd shares lost nearly a quarter of their value on low volume in Bermuda Stock Exchange trading today. The telecommunications group closed the day down 70 cents, or 23. 7 per cent, at 2. 25, as 1,500 shares changed hands. Butterfield Bank was the only other stock to trade, climbing 25 cents, or 0. 9 per cent, to close on. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20161208/keytech-shares-fall-23&source=RSS Thu, 08 Dec 2016 18:50:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20161208/keytech-shares-fall-23&source=RSS Auto Solutions takes on new staff Car dealers Auto Solutions has taken on new staff. Danny Benevides has joined the Pembroke company as master technical specialist and George Holman-Perry and Samuel Dale have been taken on as service technicians. Denise Fox has been hired as customer services manager, while Peter Richold has filled a new position of customer. .. http://www.royalgazette.com/local-business/article/20161208/auto-solutions-takes-on-new-staff&source=RSS Thu, 08 Dec 2016 08:00:00 EST http://www.royalgazette.com/local-business/article/20161208/auto-solutions-takes-on-new-staff&source=RSS Service aims to match young people with jobs A recruitment company yesterday launched a new free service to help young graduates and school-leavers land their first job. Expertise, a leading provider of recruitment and human resources services, will kick off the new BermudaGRAD service with a special seminar later this month. Malika Taylor, partner and practice leader for the. .. http://www.royalgazette.com/local-business/article/20161208/service-aims-to-match-young-people-with-jobs&source=RSS Thu, 08 Dec 2016 08:00:00 EST http://www.royalgazette.com/local-business/article/20161208/service-aims-to-match-young-people-with-jobs&source=RSS R3s Lowe to give fintech talk The Bermuda branch of the Alternative Investment Management Association is to hold a Christmas reception. The guest speaker will be Stafford Lowe, managing director of R3, who will talk about cryptofinance and financial technology. R3 is a cryptofinance, exchanges and venture group designed to create the next generation of financial. .. http://www.royalgazette.com/business/article/20161208/r3s-lowe-to-give-fintech-talk&source=RSS Thu, 08 Dec 2016 08:00:00 EST http://www.royalgazette.com/business/article/20161208/r3s-lowe-to-give-fintech-talk&source=RSS January deadline to register directors A register of directors of Bermudian companies is to be set up, Government said yesterday. Amendments to the Companies Act 1981 mean that the names and addresses of individual directors and, in the case of a company, its name and registered officer address must be filed with the Registrar of Companies by the end of January next. .. http://www.royalgazette.com/business/article/20161208/january-deadline-to-register-directors&source=RSS Thu, 08 Dec 2016 08:00:00 EST http://www.royalgazette.com/business/article/20161208/january-deadline-to-register-directors&source=RSS Globalisation and the Bermuda trust boom Bermudas Society of Trust and Estate Practitioners annual conference takes place this week themed Bermuda a Centre of Excellence for the Family Office. With reputable international speakers attending, it is timely to consider the unique nature of trusts, their ongoing viability as succession planning vehicles and why Bermuda law. .. http://www.royalgazette.com/business/article/20161208/globalisation-and-bermuda-trust-boom&source=RSS Thu, 08 Dec 2016 08:00:00 EST http://www.royalgazette.com/business/article/20161208/globalisation-and-bermuda-trust-boom&source=RSS Fairmonts sweet way to celebrate Christmas A team of pastry chefs at the Fairmont Southampton has created a massive model of the hotel from gingerbread to celebrate Christmas. Now their stunning creation which features a scale model of the hotel and its other attractions like the golf course has taken pride of place in the lobby in the run-up to Christmas. The brainchild. .. http://www.royalgazette.com/business/article/20161207/fairmonts-sweet-way-to-celebrate-christmas&source=RSS Wed, 07 Dec 2016 08:00:00 EST http://www.royalgazette.com/business/article/20161207/fairmonts-sweet-way-to-celebrate-christmas&source=RSS BFIC sees value of investments rise Investment firm Bermuda First Investment Company Ltd saw the value of its holdings rise in the third quarter. BFIC, which invests in Bermuda Stock Exchange-listed companies, posted revenue of 0. 2 million for the three months eneded September 30 and a unrelaised gain on its investments of 0. 5 million. The company, whose main. .. http://www.royalgazette.com/local-business/article/20161207/bfic-sees-value-of-investments-rise&source=RSS Wed, 07 Dec 2016 11:12:00 EST http://www.royalgazette.com/local-business/article/20161207/bfic-sees-value-of-investments-rise&source=RSS Flood insurance reform boost for reinsurers Reform of a government-run flood insurance programme will bring new opportunities in the US for Bermuda reinsurers. The National Flood Insurance Programme is 23 billion in debt with the American taxpayer on the hook and legislators are looking for ways to transfer some of the risk burden to the private market. Yesterday,. .. http://www.royalgazette.com/re-insurance/article/20161207/flood-insurance-reform-boost-for-reinsurers&source=RSS Wed, 07 Dec 2016 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20161207/flood-insurance-reform-boost-for-reinsurers&source=RSS Butterfield shares fall 1.7 The Royal GazetteBSX Index today closed down 22. 04 points, or 1. 22 per cent, at 1,778. 77. The sole trading of the day was in Bank of Butterfield shares, whose price dropped 49 cents, or 1. 7 per cent, to 28 after 9,811 shares moved. On the New York Stock Exchange, the banks price dropped 47 cents, or 1. 62 per cent, to. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20161207/butterfield-shares-fall-17&source=RSS Wed, 07 Dec 2016 18:55:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20161207/butterfield-shares-fall-17&source=RSS RenRes ODonnell elected new Abir chairman Kevin ODonnell, chief executive officer of RenaissanceRe Holdings Ltd, has been elected chairman of the Association of Bermuda Insurers and Reinsurers for a two-year term beginning January 1, 2017. Mr ODonnell succeeds Stephen Catlin, the XL Catlin executive deputy chairman, who completes his two-year term December 31. Elected as. .. http://www.royalgazette.com/re-insurance/article/20161207/renres-odonnell-elected-new-abir-chairman&source=RSS Wed, 07 Dec 2016 09:43:00 EST http://www.royalgazette.com/re-insurance/article/20161207/renres-odonnell-elected-new-abir-chairman&source=RSS BMA takes on three graduate trainees Bermudas financial watchdog has signed up three new graduate trainees. The Bermuda Monetary Authority has taken on Shae James, Aisha Jones and James Howard on the three-year programme, designed to prepare graduates for a career in financial regulation. Mesheiah Crockwell, deputy director of human resources at the BMA, said We are. .. http://www.royalgazette.com/business/article/20161207/bma-takes-on-three-graduate-trainees&source=RSS Wed, 07 Dec 2016 08:00:00 EST http://www.royalgazette.com/business/article/20161207/bma-takes-on-three-graduate-trainees&source=RSS Cosmic boosts graphic design team A design, web and marketing firm has hired a new graphic designer. Cosmic has taken on Brian White, who most recently worked at Jack Rabbit Design in Massachusetts. Mr White said I couldnt be more thrilled to be at Cosmic, working with and learning from some of the best in the business. Im totally committed to supporting. .. http://www.royalgazette.com/local-business/article/20161207/cosmic-boosts-graphic-design-team&source=RSS Wed, 07 Dec 2016 08:00:00 EST http://www.royalgazette.com/local-business/article/20161207/cosmic-boosts-graphic-design-team&source=RSS CEO Ironshore can grow after takeover The Chinese owner of Ironshore has agreed to sell the Bermudian-based insurer to US giant Liberty Mutual in a 3 billion deal. The US company, which struck the deal with Shanghai-based Fosun International, said it planned to let Ironshore operate with the same management team and brand, but as part of the larger Liberty Mutual. .. http://www.royalgazette.com/re-insurance/article/20161206/ceo-ironshore-can-grow-after-takeover&source=RSS Tue, 06 Dec 2016 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20161206/ceo-ironshore-can-grow-after-takeover&source=RSS Butterfield shares climb 1.8 The Royal GazetteBSX Index yesterday closed up 15. 36 points, or 0. 86 per cent, at 1,800. 81. The Bank of Butterfield gained 49 cents, or 1. 8 per cent, to 28. 50 after 3,500 shares sold. On the New York Stock Exchange, the bank was up 5 cents or 0. 17 per cent, at 29. 02. Insurer Argus dropped 20 cents, or 4 per cent, to 4. 75. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20161206/butterfield-shares-climb-18&source=RSS Tue, 06 Dec 2016 18:56:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20161206/butterfield-shares-climb-18&source=RSS Team Oracle to use electric BMWs Four hi-tech all-electric BMW i3 hatchbacks were yesterday handed over to Americas Cup defenders Oracle Team USA. Jimmy Spithill, the Oracle skipper, said Weve got the best rides in Bermuda I think there are a lot of jealous people on the island right now. But Mr Spithill said the German green machines would also highlight. .. http://www.royalgazette.com/business/article/20161206/team-oracle-to-use-electric-bmws&source=RSS Tue, 06 Dec 2016 08:00:00 EST http://www.royalgazette.com/business/article/20161206/team-oracle-to-use-electric-bmws&source=RSS Architecture and design firms to share premises Two of Bermudas most prominent architecture and interior design firms are to move in together. The move comes after Cooper Gardner and The Studio Ltd decided to collaborate, sharing premises and resources, but maintaining their independent businesses and identities. Now The Studio Ltd will move from its Front Street, Hamilton, home. .. http://www.royalgazette.com/local-business/article/20161206/architecture-and-design-firms-to-share-premises&source=RSS Tue, 06 Dec 2016 08:00:00 EST http://www.royalgazette.com/local-business/article/20161206/architecture-and-design-firms-to-share-premises&source=RSS Reflect on the best way forward Reflection. This word is used in a number of contexts such as when you look in a mirror or you sit back and reflect on what is happening in your life and your business. It is meant to convey a sense of examining what is taking place and how one should react to these new circumstances. When faced with challenges we need to take the time. .. http://www.royalgazette.com/booster-shot/article/20161206/reflect-on-best-way-forward&source=RSS Tue, 06 Dec 2016 08:00:00 EST http://www.royalgazette.com/booster-shot/article/20161206/reflect-on-best-way-forward&source=RSS