Business http://www.royalgazette.com Business en-us Knitting craze is back, says new store owner A businesswoman is planning to stitch up the market with a new yarn store as a revival of the craft of knitting gets under way. Cindy Ashton yesterday launched Black Purl a specialist shop for knitting and crochet enthusiasts. Ms Ashton said The knitting craze is coming back there are a lot of articles in the US about how its. .. http://www.royalgazette.com/local-business/article/20160930/knitting-craze-is-back-says-new-store-owner&source=RSS Fri, 30 Sep 2016 08:00:00 EST http://www.royalgazette.com/local-business/article/20160930/knitting-craze-is-back-says-new-store-owner&source=RSS EU bank bailout coming, conference told Europe is set to bail out its zombie banks within the next few months, a banking industry expert told an audience of asset management professionals in Bermuda yesterday. Lawrence McDonald, who witnessed a banks collapse from the inside when he was vice-president of distressed debt at Lehman Brothers when it folded in 2008, said. .. http://www.royalgazette.com/business/article/20160930/eu-bank-bailout-coming-conference-told&source=RSS Fri, 30 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160930/eu-bank-bailout-coming-conference-told&source=RSS Digital revolution happening right now A business perspective on the digital changes impacting the world now and in the future, has been presented by Microsoft to executives in Bermuda. The first Microsoft CXO event on the island was an opportunity for the technology company to present innovations and solutions that are helping its partners navigate the shifting digital. .. http://www.royalgazette.com/business/article/20160930/digital-revolution-happening-right-now&source=RSS Fri, 30 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160930/digital-revolution-happening-right-now&source=RSS Butterfield rises 1.1 on BSX The Bank of Butterfield rose 25 cents to 24 on The Royal GazetteBSX Index. The increase, equivalent to 1. 1 per cent, came after 5,403 shares sold. The banks share price on the New York Stock Exchange also increased, up 39 cents, or 1. 6 per cent, to 24. 76. Insurance firm Argus dropped 5 cents or 1. 2 per cent to 4 after 1,000. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20160930/butterfield-rises-11-on-bsx&source=RSS Fri, 30 Sep 2016 18:27:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20160930/butterfield-rises-11-on-bsx&source=RSS Horizon hires new Pilates instructor A health and fitness centre has recruited a new Pilates instructor. Horizon Health, based in Hamiltons Reid Street, has signed up Noelle Lorentz Redfern as the third Pilates expert to join the company. Caroline Tee, owner of Horizon Health, said Noelle offers a fun approach to working with clients at the studio. We have. .. http://www.royalgazette.com/business/article/20160930/horizon-hires-new-pilates-instructor&source=RSS Fri, 30 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160930/horizon-hires-new-pilates-instructor&source=RSS Citywealth honours four Appleby lawyers A total of four lawyers from Appleby have been honoured with spots on a leaders list compiled by a business magazine. Appleby partners Vanessa Schrum and Keith Robinson, counsel Michael Mello QC and senior associate Ashley Fife were all singled out for their outstanding work in the Citywealth poll. Ms Schrum was also recognised in. .. http://www.royalgazette.com/business/article/20160930/citywealth-honours-four-appleby-lawyers&source=RSS Fri, 30 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160930/citywealth-honours-four-appleby-lawyers&source=RSS Maxwell in simulcast leadership event A world-ranked expert in leadership is to speak at a conference beamed to Bermuda by satellite. Dr John C. Maxwell, a New York Times bestselling author and coach, will be a keynote speaker at the Live2Lead event, to be held at the Elbow Beach Hotel next month. Dr Maxwell was in 2014 named as the worlds most influential leadership. .. http://www.royalgazette.com/business/article/20160930/maxwell-in-simulcast-leadership-event&source=RSS Fri, 30 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160930/maxwell-in-simulcast-leadership-event&source=RSS FAC wins contract with Cayman power company Payment services firm First Atlantic Commerce has won a contract to provide services to Grand Caymans power company. The contract will see FAC providing the PowerPay online bill payment option for Caribbean Utilities Company customers. Chris Burns, FAC CEO, said Our unique capabilities enables us to deliver utility companies a. .. http://www.royalgazette.com/business/article/20160930/fac-wins-contract-with-cayman-power-company&source=RSS Fri, 30 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160930/fac-wins-contract-with-cayman-power-company&source=RSS Economy grows for first time since 2008 Bermudas economy grew in real terms last year for the first time in seven years, according to government statistics released yesterday. Gross domestic product the value of all the goods and services the island produces was 5. 9 billion last year, up 4 per cent compared to 2014. After being adjusted for inflation, the increase. .. http://www.royalgazette.com/economy/article/20160928/economy-grows-for-first-time-since-2008&source=RSS Thu, 29 Sep 2016 08:00:00 EST http://www.royalgazette.com/economy/article/20160928/economy-grows-for-first-time-since-2008&source=RSS HSBC mulls options for Albuoys Point offices HSBC Bermuda is to invest 3 million in two of its Hamilton city offices. The bank plans to focus its customer services business in the Harbourfront Centre on Front Street, while most operations will be concentrated in the Compass Point building on Bermudiana Road. And the bank said it was exploring alternative options for the. .. http://www.royalgazette.com/international-business/article/20160929/hsbc-mulls-options-for-albuoys-point-offices&source=RSS Thu, 29 Sep 2016 11:50:00 EST http://www.royalgazette.com/international-business/article/20160929/hsbc-mulls-options-for-albuoys-point-offices&source=RSS Alumiglas praised for vision and confidence Alumiglas is looking ahead to new opportunities as it celebrates its relocation to larger premises. It has been praised by Michael Dunkley, the Premier, for providing apprenticeships and helping Bermudians establish a career in the glazing business. During the past few weeks the company has been settling in at 15 Coxs Hill,. .. http://www.royalgazette.com/local-business/article/20160929/alumiglas-praised-for-vision-and-confidence&source=RSS Thu, 29 Sep 2016 12:00:00 EST http://www.royalgazette.com/local-business/article/20160929/alumiglas-praised-for-vision-and-confidence&source=RSS Land tax hike drives inflation increase Julys rate of inflation jumped to the highest level since January as an increase in land tax and electricity bills pushed the cost of living higher. Consumers paid 1. 6 per cent more in July 2016 than they did a year before for the basket of goods and services included in the Consumer Price Index, the Department of Statistics said. .. http://www.royalgazette.com/economy/article/20160929/land-tax-hike-drives-inflation-increase&source=RSS Thu, 29 Sep 2016 17:26:00 EST http://www.royalgazette.com/economy/article/20160929/land-tax-hike-drives-inflation-increase&source=RSS Oil rig supply firm redomiciles to Bermuda A company that operates platform supply vessels in the North Sea has moved its domicile from the Marshall Islands to Bermuda. The redomiciling of Nordic American Offshore Ltd became effective on Tuesday. It means the company is now incorporated in the same jurisdiction as its major shareholder, Nordic American Tankers. Moving its. .. http://www.royalgazette.com/business/article/20160929/oil-rig-supply-firm-redomiciles-to-bermuda&source=RSS Thu, 29 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160929/oil-rig-supply-firm-redomiciles-to-bermuda&source=RSS Butterfield climbs on BSX and NYSE The Bank of Butterfield registered gains on both the Bermuda Stock Exchange and the New York Stock Exchange today. The Bermuda price of the bank rose 25 cents or 1. 1 per cent to 23. 75 after 9,800 shares traded. And in New York, the stock rose 32 cents, or 1. 33 per cent, to 24. 37. The Royal GazetteBSX Index closed up 11. 24. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20160929/butterfield-climbs-on-bsx-and-nyse&source=RSS Thu, 29 Sep 2016 18:30:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20160929/butterfield-climbs-on-bsx-and-nyse&source=RSS Court House to open second fitness centre Court House gym will on Monday unveil its second fitness centre, based in a luxury office and apartment block. Court House West, in the new Belvedere Apartments next to the iconic Bacardi building off Pitts Bay Road, features a fully equipped gym and a squash court. Sue Pell, manager at Court House, which has a long-established gym. .. http://www.royalgazette.com/local-business/article/20160929/court-house-to-open-second-fitness-centre&source=RSS Thu, 29 Sep 2016 08:00:00 EST http://www.royalgazette.com/local-business/article/20160929/court-house-to-open-second-fitness-centre&source=RSS Dive In for diversity in insurance The Dive In Festival for Diversity and Inclusion in the insurance industry in Bermuda and around the world wraps up today. The three-day festival, sponsored by XL Catlin and other companies in the industry, attracted a diverse group of attendees, including 800 people who registered for seven events on the island. This represented. .. http://www.royalgazette.com/re-insurance/article/20160929/dive-in-for-diversity-in-insurance&source=RSS Thu, 29 Sep 2016 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20160929/dive-in-for-diversity-in-insurance&source=RSS Digicel Business to supply Land Rover BAR Digicel Business will become an official event supplier for Land Rover BAR at the 35th Americas Cup in 2017. The company provided telecoms solutions, data connectivity and support for the Land Rover BAR team base and Royal Bermuda Yacht Club hospitality base during the Louis Vuitton Americas Cup World Series in Bermuda last. .. http://www.royalgazette.com/business/article/20160929/digicel-business-to-supply-land-rover-bar&source=RSS Thu, 29 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160929/digicel-business-to-supply-land-rover-bar&source=RSS KPMGs Lightowler to retire The long-serving managing director of professional services firm KPMG is to retire at the end of the year. Richard Lightowler, who is also head of insurance, will leave after 23 years at the firm. Neil Patterson, KPMG Bermuda chairman, said Richard has been an outstanding leader of our insurance practice during which time he has. .. http://www.royalgazette.com/international-business/article/20160929/kpmgs-lightowler-to-retire&source=RSS Thu, 29 Sep 2016 14:10:00 EST http://www.royalgazette.com/international-business/article/20160929/kpmgs-lightowler-to-retire&source=RSS Harneys hires Burrows, plans expansion International law firm Harneys has hired Bermudian Aaron Burrows as its new financial controller. And the Hamilton-based law firm said it would be taking on more people in the near future. Mr Burrows, who will also perform the business development managers role at the firm, joined Harneys as part of its expansion plans from. .. http://www.royalgazette.com/business/article/20160929/harneys-hires-burrows-plans-expansion&source=RSS Thu, 29 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160929/harneys-hires-burrows-plans-expansion&source=RSS Sensory matchup fine food and perfume Perfume and fine dining are to combine at a special event at a top Bermuda restaurant. Isabelle Ramsay-Brackstone, the owner of Lili Bermuda, and master chef Jean-Claude Garzia of Beau Rivage at Pagets Newstead are to join forces in a first for Bermuda. Ms Ramsay-Brackstone said Chef Garzias creative culinary talent is simply. .. http://www.royalgazette.com/local-business/article/20160929/sensory-matchup-fine-food-and-perfume&source=RSS Thu, 29 Sep 2016 08:00:00 EST http://www.royalgazette.com/local-business/article/20160929/sensory-matchup-fine-food-and-perfume&source=RSS McClendons island home set to be sold A luxury home in exclusive Tuckers Town with a list price of more than 13. 9 million owned by the widow of a late billionaire oil and gas tycoon is set to be sold. Winsor House, set on a cliffside estate, is owned by Katie McClendon, an heiress of the Whirlpool appliances family and the wife of former Chesapeake Energy Corporation chief. .. http://www.royalgazette.com/business/article/20160928/mcclendons-island-home-set-to-be-sold&source=RSS Wed, 28 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160928/mcclendons-island-home-set-to-be-sold&source=RSS Hamilton and AIG strike deal on joint venture American International Group, Hamilton Insurance Group Hamilton, and affiliates of Two Sigma Investments, LP today announced they have reached agreement to form Attune, a technology-enabled platform to serve the 80 billion US small to medium-sized enterprise SME commercial insurance market. The agreement follows a memorandum of. .. http://www.royalgazette.com/re-insurance/article/20160928/hamilton-and-aig-strike-deal-on-joint-venture&source=RSS Wed, 28 Sep 2016 09:34:00 EST http://www.royalgazette.com/re-insurance/article/20160928/hamilton-and-aig-strike-deal-on-joint-venture&source=RSS Delegates told were economically irrational Economic theory is rooted in the assumption that people generally behave rationally when they make financial decisions but in reality, it seems we dont. Companies that strive to understand humans irrational quirks will be better positioned to sell their products and services, according to a behavioural economics expert who spoke at an. .. http://www.royalgazette.com/re-insurance/article/20160928/delegates-told-were-economically-irrational&source=RSS Wed, 28 Sep 2016 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20160928/delegates-told-were-economically-irrational&source=RSS Trunomi raises 3m in funding round Bermudian-based tech start-up Trunomi has raised 3 million in its latest round of seed funding. The company, which is led by founder and chief executive officer Stuart Lacey, has created technology that can simplify the process of sharing personal data, in particular between individuals and financial institutions. The latest. .. http://www.royalgazette.com/international-business/article/20160928/trunomi-raises-3m-in-funding-round&source=RSS Wed, 28 Sep 2016 16:21:00 EST http://www.royalgazette.com/international-business/article/20160928/trunomi-raises-3m-in-funding-round&source=RSS Greenberg wanted to teach managers a lesson NEW YORK Bloomberg Former American International Group chairman Maurice Hank Greenberg says he got personally involved in an insignificant business deal at the insurance giant 18 years ago to teach some managers a lesson. Now, that deal is part of a fraud claim that could prevent the 91-year-old from serving as an officer of a public. .. http://www.royalgazette.com/re-insurance/article/20160928/greenberg-wanted-to-teach-managers-lesson&source=RSS Wed, 28 Sep 2016 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20160928/greenberg-wanted-to-teach-managers-lesson&source=RSS Butterfield shares fall 1.1 The Bank of Butterfield fell 25 cents to 23. 50 in Bermuda Stock Exchange trading today. The drop, equivalent to 1. 1 per cent, came after 17,300 shares sold. The banks price on the New York Stock Exchange rose 2 cents or 0. 08 per cent to 24. 05. Utilities firm Ascendant was unchanged at 6. 20 after 2,000 shares changed. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20160928/butterfield-shares-fall-11&source=RSS Wed, 28 Sep 2016 17:52:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20160928/butterfield-shares-fall-11&source=RSS Knight joins MJMs dispute resolution team A former Customs officer has a new duty with law firm MJM. Jordan Knight, who left HM Customs to study law in England, has signed up with the firms dispute resolution team as an associate after serving part of his pupillage at MJM. Alan Dunch, director at MJM and head of the dispute resolution group, said During the last months. .. http://www.royalgazette.com/local-business/article/20160928/knight-joins-mjms-dispute-resolution-team&source=RSS Wed, 28 Sep 2016 08:00:00 EST http://www.royalgazette.com/local-business/article/20160928/knight-joins-mjms-dispute-resolution-team&source=RSS Top lawyers named on Citywealth list Three senior staff at law firm Conyers Dill amp Pearman have been recognised on an annual leaders list. And Estera group director Rory Gorman has been recognised on the same list, with a place on the Trustees Honours List. Alec Anderson, global head of private client amp trust and directors Helen Cooper and Craig MacIntyre have. .. http://www.royalgazette.com/international-business/article/20160928/top-lawyers-named-on-citywealth-list&source=RSS Wed, 28 Sep 2016 08:00:00 EST http://www.royalgazette.com/international-business/article/20160928/top-lawyers-named-on-citywealth-list&source=RSS Douglas and Zeta-Jones island home for sale The Bermuda mansion owned by Hollywood superstars Michael Douglas and Catherine Zeta-Jones is up for sale with a price tag of more than 10. 6 million. Mr Douglas is the son of Diana Dill, a Bermudian who became an actor and model in the US and who died last year and American movie legend Kirk Douglas. He is also co-owner of the. .. http://www.royalgazette.com/business/article/20160927/douglas-and-zeta-jones-island-home-for-sale&source=RSS Tue, 27 Sep 2016 08:00:00 EST http://www.royalgazette.com/business/article/20160927/douglas-and-zeta-jones-island-home-for-sale&source=RSS Duperreault innate bias hindering diversity Unconscious bias drives company bosses to pick employees who are most like them, insurance industry veteran Brian Duperreault was scheduled to tell a conference in London today. Mr Duperreault said that managers had to find a way to deal with innate bias when it came to picking candidates for jobs. He added Implicit or unconscious. .. http://www.royalgazette.com/re-insurance/article/20160927/duperreault-innate-bias-hindering-diversity&source=RSS Tue, 27 Sep 2016 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20160927/duperreault-innate-bias-hindering-diversity&source=RSS Butterfield shares rise 1.1 The Bank of Butterfield rose 25 cents to 23. 75 in Bermuda Stock Exchange trading today. The rise, equivalent to 1. 1 per cent, came after 6,057 shares traded. The banks shares on the New York Stock Exchange fell by 4 cents or 0. 17 per cent, to 24. 03. Insurance firm Argus remained at 4. 05 after 135,000 shares changed. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20160927/butterfield-shares-rise-11&source=RSS Tue, 27 Sep 2016 19:36:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20160927/butterfield-shares-rise-11&source=RSS Expert warns of LatAm kidnapping threat Bermudas bid to attract more business from Latin America could put visiting business chiefs at risk from kidnapping, an expert warned yesterday. Elman Myers, managing director of Bermudian-based Hiscoxs special risks agency for the Americas, said that kidnap for ransom was a serious threat in Latin America. And he added that Latin. .. http://www.royalgazette.com/re-insurance/article/20160927/expert-warns-of-latam-kidnapping-threat&source=RSS Tue, 27 Sep 2016 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20160927/expert-warns-of-latam-kidnapping-threat&source=RSS Greenberg resigns from Coca-Cola board NEW YORK Bloomberg Coca-Cola Co, the largest maker of soft drinks, said Evan Greenberg is stepping down from the board to focus on his duties as chairman and chief executive officer of insurer Chubb Ltd. Greenberg, 61, is resigning effective October 1, Atlanta-based Coca-Cola said yesterday in a statement. He has been a director since. .. http://www.royalgazette.com/re-insurance/article/20160927/greenberg-resigns-from-coca-cola-board&source=RSS Tue, 27 Sep 2016 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20160927/greenberg-resigns-from-coca-cola-board&source=RSS Get your point across Communication. How often do you feel that your message is being misunderstood? Try as we can many times we do not clearly get our message across and end up frustrated that the action we were hoping to achieve does not take place. It is critical when seeking action to clearly define your objectives and outline the scope of the work. Based. .. http://www.royalgazette.com/booster-shot/article/20160927/get-your-point-across&source=RSS Tue, 27 Sep 2016 08:00:00 EST http://www.royalgazette.com/booster-shot/article/20160927/get-your-point-across&source=RSS