Business http://www.royalgazette.com Business en-us Career transition service set up The Olderhood Group Ltd, part of The Career Partners International Firm network, has teamed up with recruitment business Elevate to help locals with career transition. Robin Trimingham, chief operating officer of The Olderhood Group said Career Partners International is a worldwide organisation with more than 300 offices, specialising in. .. http://www.royalgazette.com/local-business/article/20170919/career-transition-service-set-up&source=RSS Tue, 19 Sep 2017 08:00:00 EST http://www.royalgazette.com/local-business/article/20170919/career-transition-service-set-up&source=RSS Davidrose to open Hamilton store Davidrose Jewelry plans to open a new store in Hamilton. The new location, at 47 Front Street in the Walker Arcade, will officially open for business later this year. David Zuill, the co-owner of Davidrose Jewelry, expressed his excitement over the expansion, stating It feels incredible knowing that all the hard work we have put. .. http://www.royalgazette.com/local-business/article/20170919/davidrose-to-open-hamilton-store&source=RSS Tue, 19 Sep 2017 13:41:00 EST http://www.royalgazette.com/local-business/article/20170919/davidrose-to-open-hamilton-store&source=RSS XL moves EU insurance hub from UK to Dublin XL Group is moving its main European Union insurance operation from London to Dublin in response to Britains impending departure from the European Union. The Bermudian-based insurer and reinsurer made the announcement today after a meeting between Mike McGavick, XLs chief executive, and Leo Varadkar, Irelands Taoiseach, or prime. .. http://www.royalgazette.com/re-insurance/article/20170919/xl-moves-eu-insurance-hub-from-uk-to-dublin&source=RSS Tue, 19 Sep 2017 13:08:00 EST http://www.royalgazette.com/re-insurance/article/20170919/xl-moves-eu-insurance-hub-from-uk-to-dublin&source=RSS Gene expert boosts BDAs biosciences drive Bermudas drive to diversify its economy is receiving a helping hand from Bermudian Carika Weldon, a lecturer in biomedical science in Britain. She initiated this years Bermuda Principles Impact On Splicing conference, and she is spearheading its return in February when the five-day conference will be held at the Fairmont. .. http://www.royalgazette.com/international-business/article/20170919/gene-expert-boosts-bdas-biosciences-drive&source=RSS Tue, 19 Sep 2017 08:00:00 EST http://www.royalgazette.com/international-business/article/20170919/gene-expert-boosts-bdas-biosciences-drive&source=RSS Real-estate supervision to be modernised Legislation to modernise supervision of the real estate industry to meet international standards has been tabled in the House of Assembly. The Real Estate Brokers Licensing Act 2017 and The Corporate Service Provider Business Amendment Act 2017 were tabled by David Burt, Premier and Minister of Finance, last Friday. The amendments. .. http://www.royalgazette.com/business/article/20170919/real-estate-supervision-to-be-modernised&source=RSS Tue, 19 Sep 2017 13:32:00 EST http://www.royalgazette.com/business/article/20170919/real-estate-supervision-to-be-modernised&source=RSS Hiscox faces 150m in Harvey claims LONDON Reuters Bermudian-based insurer and reinsurer Hiscox Ltd has estimated net claims of about 150 million from Hurricane Harvey and said it has yet to determine losses from Hurricane Irma. Insurers and reinsurers are counting the cost of Harvey, which lashed Texas in the last week of August causing flooding that put it on the. .. http://www.royalgazette.com/re-insurance/article/20170919/hiscox-faces-150m-in-harvey-claims&source=RSS Tue, 19 Sep 2017 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20170919/hiscox-faces-150m-in-harvey-claims&source=RSS Standing still not the answer What resists, persists. I heard this for the first time a couple of weeks ago. It got me to thinking if we resist something such as a change in our life or business, a new product or service that might help us, or anything just because then whatever the situation is it will stay the same and not change. You have to work to change. .. http://www.royalgazette.com/booster-shot/article/20170919/standing-still-not-answer&source=RSS Tue, 19 Sep 2017 08:00:00 EST http://www.royalgazette.com/booster-shot/article/20170919/standing-still-not-answer&source=RSS Visiting economists forecast global moves Two leading economists visiting Bermuda brought global economic developments into focus, discussing why Britain is unlikely to get a Brexit sweetheart deal from the European Union, and the US Federal Reserves expected unwinding of its 4. 5 trillion balance sheet. Delegates at the Bermuda Captive Conference packed an event room at the. .. http://www.royalgazette.com/business/article/20170918/visiting-economists-forecast-global-moves&source=RSS Mon, 18 Sep 2017 08:00:00 EST http://www.royalgazette.com/business/article/20170918/visiting-economists-forecast-global-moves&source=RSS One books half-year profit of 8m One Communications Ltd today announced net income of 8 million for the first half of this year. Operating income for the six-month period ended June 30 was 7. 9 million, the telecommunications group said in an announcement through the Bermuda Stock Exchange. Earnings before interest, depreciation, amortisation and one-time charges. .. http://www.royalgazette.com/local-business/article/20170918/one-books-half-year-profit-of-8m&source=RSS Mon, 18 Sep 2017 17:54:00 EST http://www.royalgazette.com/local-business/article/20170918/one-books-half-year-profit-of-8m&source=RSS Ascendant Group tumbles 7 Shares of Ascendant Group, the parent company of Belco, finished the week 65 cents lower, or down 7 per cent, at 8. 60 after 9,000 were traded on The Royal GazetteBSX Index last week. Another faller was BFampM Ltd, which lost 10 cents, or 0. 5 per cent, to close at 20. 65 after 3,700 shares were exchanged. However, Butterfield. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20170918/ascendant-group-tumbles-7&source=RSS Mon, 18 Sep 2017 08:00:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170918/ascendant-group-tumbles-7&source=RSS Hanson named to new top role at BFM BFampM Ltd today announced the retirement of its corporate secretary Lynda Davidson Leader. The position will be filled by Stephanie Hanson, appointed to the new role of group general counsel and group compliance officer, effective today. In her role, Mrs Hanson will have oversight of the legal and compliance functions for the. .. http://www.royalgazette.com/business/article/20170918/hanson-named-to-new-top-role-at-bfandm&source=RSS Mon, 18 Sep 2017 15:25:00 EST http://www.royalgazette.com/business/article/20170918/hanson-named-to-new-top-role-at-bfandm&source=RSS Somers and Butterfield lift BSX Shares of Somers Limited gained 25 cents, or 1. 9 per cent, to close at 13. 75 after 1,000 traded on The Royal GazetteBSX Index. Also improving was Butterfield Bank, which was 25 cents higher, or 0. 7 per cent, at 34. 25 after 3,500 shares changed hands. On the New York Stock Exchange the banks shares improved by 71 cents, or 2. 06 per. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20170918/somers-and-butterfield-lift-bsx&source=RSS Mon, 18 Sep 2017 19:56:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170918/somers-and-butterfield-lift-bsx&source=RSS Starting your retirement pot at 58 is doable Dear Dave,Im 58 years old and have nothing set aside for retirement. My wife and I are on Baby Step 2 of your plan and paying off debt. We have 37,000 in debt not counting our home, and five kids still at home. We have a household income of 73,000 a year, and were wondering if we should go ahead and start Baby Step 4, investing for. .. http://www.royalgazette.com/personal-finance/article/20170916/starting-your-retirement-pot-at-58-is-doable&source=RSS Sat, 16 Sep 2017 08:00:00 EST http://www.royalgazette.com/personal-finance/article/20170916/starting-your-retirement-pot-at-58-is-doable&source=RSS Investing hotshots didnt get that way through timing The forecast calls for a market correction. The hard part is figuring out what to do about it. On Tuesday, billionaire hedge fund manager Leon Cooperman joined a long list of money mavens who foresee trouble for US stocks. Cooperman told the CNBC Institutional Investor Delivering Alpha Conference in New York that a market correction could. .. http://www.royalgazette.com/personal-finance/article/20170916/investing-hotshots-didnt-get-that-way-through-timing&source=RSS Sat, 16 Sep 2017 08:00:00 EST http://www.royalgazette.com/personal-finance/article/20170916/investing-hotshots-didnt-get-that-way-through-timing&source=RSS Employers combat drug use in the workplace With the drug problems proliferating in the United States, Bermudian employers are trying to stop the epidemic from spreading into local workplaces. Although Bermudas drug problem is not as pervasive as is being seen in North America, it is still an issue. The Construction Association of Bermuda held a dinner this week where the. .. http://www.royalgazette.com/local-business/article/20170915/employers-combat-drug-use-in-workplace&source=RSS Fri, 15 Sep 2017 08:00:00 EST http://www.royalgazette.com/local-business/article/20170915/employers-combat-drug-use-in-workplace&source=RSS Western Union acts to allay concerns Western Union has explained why it has temporarily removed Bermuda from its website. Customers noticed the change in the past week and contacted The Royal Gazette expressing concern about what was going on and how they would receive their money. Some people said they had been waiting for a month to receive funds. The Western Union. .. http://www.royalgazette.com/business/article/20170915/western-union-acts-to-allay-concerns&source=RSS Fri, 15 Sep 2017 18:18:00 EST http://www.royalgazette.com/business/article/20170915/western-union-acts-to-allay-concerns&source=RSS Profit rises at Watlington Waterworks Profit has risen at Watlington Waterworks for the first half of this year. Increased sales of water, partially as a result of the early summer drought and increased demand from tourism activities around the Americas Cup, helped lift the companys finances. Watlington Waterworks recorded a gross profit of 4,633,738 for the six. .. http://www.royalgazette.com/local-business/article/20170915/profit-rises-at-watlington-waterworks&source=RSS Fri, 15 Sep 2017 17:00:00 EST http://www.royalgazette.com/local-business/article/20170915/profit-rises-at-watlington-waterworks&source=RSS Insurers grappling with scale of cyber-risk Insurance industry minds are grappling with ever-evolving cyber-risks and resulting liabilities, including mounting levels of regulations and increasingly costly disruption caused by cyberattacks. An international cyberattack at the end of June hit a number of global companies and caused major insured losses. The loss at one of the. .. http://www.royalgazette.com/re-insurance/article/20170915/insurers-grappling-with-scale-of-cyber-risk&source=RSS Fri, 15 Sep 2017 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20170915/insurers-grappling-with-scale-of-cyber-risk&source=RSS Insured losses from Irma could total 50bn Insurers are expected to pay out between 32 billion and 50 billion to policyholders affected by Hurricane Irma in the US and Caribbean. That is the estimate of Air Worldwide, the Boston-based risk modelling solutions company. The company believes industry-insured losses in the US resulting from Irma will range from 25 billion to. .. http://www.royalgazette.com/re-insurance/article/20170915/insured-losses-from-irma-could-total-50bn&source=RSS Fri, 15 Sep 2017 15:52:00 EST http://www.royalgazette.com/re-insurance/article/20170915/insured-losses-from-irma-could-total-50bn&source=RSS Butterfield Bank shares up 2.3 Butterfield Bank shares improved by 75 cents, or 2. 3 per cent, to 34 after 2,900 traded on The Royal GazetteBSX Index. On the New York Stock Exchange, the banks shares were up 22 cents, or 0. 64 per cent, at 34. 47. The Royal GazetteBSX Index was up 33. 73 points, or 1. 68 per cent, at 2,043. 22. The BSX Insurance Index was up. .. http://www.royalgazette.com/bermuda-stock-exchange/article/20170915/butterfield-bank-shares-up-23&source=RSS Fri, 15 Sep 2017 17:47:00 EST http://www.royalgazette.com/bermuda-stock-exchange/article/20170915/butterfield-bank-shares-up-23&source=RSS How cyberdefences can reduce insurance costs Businesses that are proactive in reducing their potential risk to cyberattacks by using new technologies such as blockchain, or using best practice, are likely to see that reflected in better pricing and conditions from insurers. That is the view of Noel Pearman, senior vice-president and cyber product leader at XL Catlin. He. .. http://www.royalgazette.com/re-insurance/article/20170915/how-cyberdefences-can-reduce-insurance-costs&source=RSS Fri, 15 Sep 2017 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20170915/how-cyberdefences-can-reduce-insurance-costs&source=RSS Top insurance lawyers at XL Catlin seminar XL Catlin and international law firm Norton Rose Fulbright will host a seminar to discuss significant aspects of the Bermuda Form and Excess Layer insurance coverage. Gavin Kealey QC, and Mina Matin, senior counsel at Norton Rose Fulbright, will lead the presentation at XL Catlins offices on September 20. The seminar will include. .. http://www.royalgazette.com/re-insurance/article/20170915/top-insurance-lawyers-at-xl-catlin-seminar&source=RSS Fri, 15 Sep 2017 08:00:00 EST http://www.royalgazette.com/re-insurance/article/20170915/top-insurance-lawyers-at-xl-catlin-seminar&source=RSS