Business http://www.royalgazette.com Business en-us Wedding bells ... when its times three <img src="/storyimage/RG/20141122/BUSINESS08/141129894/AR/0/AR-141129894.jpg" width="100" align="left" /></a> Dear Dave,My mother-in-law is in poor health and doesnt have a lot of money. She has been giving us a lot of her earnings over the last couple of years as a kind of early inheritance, because shes afraid shell spend it all. Were setting it aside in a savings account in case she needs it, but I still feel strange about the situation. http://www.royalgazette.com/article/20141122/BUSINESS08/141129894&source=RSS Fri, 21 Nov 2014 22:48:00 GMT http://www.royalgazette.com/article/20141122/BUSINESS08/141129894&source=RSS <img src="/storyimage/RG/20141122/BUSINESS08/141129894/AR/0/AR-141129894.jpg" width="100" align="left" class="main-image" /></a> Dear Dave,My mother-in-law is in poor health and doesnt have a lot of money. She has been giving us a lot of her earnings over the last couple of years as a kind of early inheritance, because shes afraid shell spend it all. Were setting it aside in a savings account in case she needs it, but I still feel strange about the situation. Butterfield only trader, declines <img src="/storyimage/RG/20141122/BUSINESS06/141129896/AR/0/AR-141129896.jpg" width="100" align="left" /></a> The Royal GazetteBermuda Stock Exchange Index closed down 4. 72 yesterday, ending the day at 1,378. 76. A total of 11,188 of Bank of NT Butterfield shares traded, at a value of 22,264. 12. It closed at 1. 99, down 0. 01. http://www.royalgazette.com/article/20141122/BUSINESS06/141129896&source=RSS Fri, 21 Nov 2014 22:14:00 GMT http://www.royalgazette.com/article/20141122/BUSINESS06/141129896&source=RSS <img src="/storyimage/RG/20141122/BUSINESS06/141129896/AR/0/AR-141129896.jpg" width="100" align="left" class="main-image" /></a> The Royal GazetteBermuda Stock Exchange Index closed down 4. 72 yesterday, ending the day at 1,378. 76. A total of 11,188 of Bank of NT Butterfield shares traded, at a value of 22,264. 12. It closed at 1. 99, down 0. 01. UK media reports Richards snubbed PM Camerons corporate register call <img src="/storyimage/RG/20141121/BUSINESS/141129898/AR/0/AR-141129898.jpg" width="100" align="left" /></a> British media including leading business publication the Financial Times FT is reporting that Bermuda will not cooperate with a UK call to make the identities of company owners public. The story states that Bermuda, which it called the richest of the UKs overseas territories, has snubbed David Camerons call to rip away the cloak. .. http://www.royalgazette.com/article/20141121/BUSINESS/141129898&source=RSS Fri, 21 Nov 2014 19:59:00 GMT http://www.royalgazette.com/article/20141121/BUSINESS/141129898&source=RSS <img src="/storyimage/RG/20141121/BUSINESS/141129898/AR/0/AR-141129898.jpg" width="100" align="left" class="main-image" /></a> British media including leading business publication the Financial Times FT is reporting that Bermuda will not cooperate with a UK call to make the identities of company owners public. The story states that Bermuda, which it called the richest of the UKs overseas territories, has snubbed David Camerons call to rip away the cloak. .. Fixed-income specialist sees Asian promise <img src="/storyimage/RG/20141121/BUSINESS/141129939/AR/0/AR-141129939.jpg" width="100" align="left" /></a> The fixed-income market in India and China is opening up to foreign investment, an HSBC expert on the area said yesterday. And Geoffrey Lunt, a senior Asian fixed income specialist for HSBC, said insurance and reinsurance firms should consider the countries as similar investments in the developed world struggle. Mr Lunt, who is. .. http://www.royalgazette.com/article/20141121/BUSINESS/141129939&source=RSS Fri, 21 Nov 2014 00:51:00 GMT http://www.royalgazette.com/article/20141121/BUSINESS/141129939&source=RSS <img src="/storyimage/RG/20141121/BUSINESS/141129939/AR/0/AR-141129939.jpg" width="100" align="left" class="main-image" /></a> The fixed-income market in India and China is opening up to foreign investment, an HSBC expert on the area said yesterday. And Geoffrey Lunt, a senior Asian fixed income specialist for HSBC, said insurance and reinsurance firms should consider the countries as similar investments in the developed world struggle. Mr Lunt, who is. .. Investment management still needs human touch, says Schroders expert <img src="/storyimage/RG/20141121/BUSINESS/141129940/AR/0/AR-141129940.jpg" width="100" align="left" /></a> Investing in stocks systematically has its benefits but global investment house Schroders believes that to generate consistent outperformance over time, human portfolio managers are still needed to work alongside the computers. Schroders puts those beliefs into practice by means of its QEP Investment Team, which manages about 44. .. http://www.royalgazette.com/article/20141121/BUSINESS/141129940&source=RSS Fri, 21 Nov 2014 00:53:00 GMT http://www.royalgazette.com/article/20141121/BUSINESS/141129940&source=RSS <img src="/storyimage/RG/20141121/BUSINESS/141129940/AR/0/AR-141129940.jpg" width="100" align="left" class="main-image" /></a> Investing in stocks systematically has its benefits but global investment house Schroders believes that to generate consistent outperformance over time, human portfolio managers are still needed to work alongside the computers. Schroders puts those beliefs into practice by means of its QEP Investment Team, which manages about 44. .. Bermuda sees 8.5bn in third-quarter deals This year is set to one of the best in a decade for offshore mergers and acquisitions, a top law firm predicts. Deals worth nearly 8. 5 billion were done in Bermuda alone during the third quarter of the year a total of 89 transactions with an average value of 95 million. That represented a three per cent increase on the previous. .. http://www.royalgazette.com/article/20141121/BUSINESS02/141129941&source=RSS Fri, 21 Nov 2014 00:49:00 GMT http://www.royalgazette.com/article/20141121/BUSINESS02/141129941&source=RSS This year is set to one of the best in a decade for offshore mergers and acquisitions, a top law firm predicts. Deals worth nearly 8. 5 billion were done in Bermuda alone during the third quarter of the year a total of 89 transactions with an average value of 95 million. That represented a three per cent increase on the previous. .. Arbitration course offered by Institute An introduction to international arbitration is being offered by The Chartered Institute of Arbitrators Bermuda branch. Lawyer Kim White, who heads the CIArb Bermuda branch, explained that successful completion of the one day course will allow the candidate to join, as an associate, the Chartered Institute of Arbitrators. The. .. http://www.royalgazette.com/article/20141121/BUSINESS/141129942&source=RSS Fri, 21 Nov 2014 00:48:00 GMT http://www.royalgazette.com/article/20141121/BUSINESS/141129942&source=RSS An introduction to international arbitration is being offered by The Chartered Institute of Arbitrators Bermuda branch. Lawyer Kim White, who heads the CIArb Bermuda branch, explained that successful completion of the one day course will allow the candidate to join, as an associate, the Chartered Institute of Arbitrators. The. .. New furniture store to get a boost from the Premier <img src="/storyimage/RG/20141121/BUSINESS03/141129943/AR/0/AR-141129943.jpg" width="100" align="left" /></a> Exclusive Home, a new store which opened its doors quietly on October 11, has Premier Michael Dunkley lined up to cut the ribbon tomorrow morning to officially launch the business. The emporium sells home decor and furniture, which feature a rustic-meets-modern look, and is located at 75 Reid Street. The items in stock include sofas,. .. http://www.royalgazette.com/article/20141121/BUSINESS03/141129943&source=RSS Fri, 21 Nov 2014 00:48:00 GMT http://www.royalgazette.com/article/20141121/BUSINESS03/141129943&source=RSS <img src="/storyimage/RG/20141121/BUSINESS03/141129943/AR/0/AR-141129943.jpg" width="100" align="left" class="main-image" /></a> Exclusive Home, a new store which opened its doors quietly on October 11, has Premier Michael Dunkley lined up to cut the ribbon tomorrow morning to officially launch the business. The emporium sells home decor and furniture, which feature a rustic-meets-modern look, and is located at 75 Reid Street. The items in stock include sofas,. .. Richards highlights Islands value to the world <img src="/storyimage/RG/20141121/BUSINESS02/141129944/AR/0/AR-141129944.jpg" width="100" align="left" /></a> The Bermuda reinsurance market paid out 1. 25 billion in claims resulting from 2010s catastrophic windstorm Xynthia a 37 per cent share, Deputy Premier and Finance Minister ET Bob Richards said in a speech to the Bermuda Society in London last week, and called the role of the Islands industry indispensable to the global economy. http://www.royalgazette.com/article/20141121/BUSINESS02/141129944&source=RSS Fri, 21 Nov 2014 00:47:00 GMT http://www.royalgazette.com/article/20141121/BUSINESS02/141129944&source=RSS <img src="/storyimage/RG/20141121/BUSINESS02/141129944/AR/0/AR-141129944.jpg" width="100" align="left" class="main-image" /></a> The Bermuda reinsurance market paid out 1. 25 billion in claims resulting from 2010s catastrophic windstorm Xynthia a 37 per cent share, Deputy Premier and Finance Minister ET Bob Richards said in a speech to the Bermuda Society in London last week, and called the role of the Islands industry indispensable to the global economy. History in a 3,200 bottle <img src="/storyimage/RG/20141121/BUSINESS03/141129945/AR/0/AR-141129945.jpg" width="100" align="left" /></a> Whats possibly a once-in-a-lifetime opportunity is now available to Bermuda port lovers. One of the worlds oldest and rarest ports is now here, courtesy of Burrows Lightbourn Ltd. Scion was made in 1855, one of only a few ports on the market created before Phylloxera destroyed most of the vineyards in Europe. Burrows. .. http://www.royalgazette.com/article/20141121/BUSINESS03/141129945&source=RSS Fri, 21 Nov 2014 00:45:00 GMT http://www.royalgazette.com/article/20141121/BUSINESS03/141129945&source=RSS <img src="/storyimage/RG/20141121/BUSINESS03/141129945/AR/0/AR-141129945.jpg" width="100" align="left" class="main-image" /></a> Whats possibly a once-in-a-lifetime opportunity is now available to Bermuda port lovers. One of the worlds oldest and rarest ports is now here, courtesy of Burrows Lightbourn Ltd. Scion was made in 1855, one of only a few ports on the market created before Phylloxera destroyed most of the vineyards in Europe. Burrows. .. KeyTech declines to close at 3.75 <img src="/storyimage/RG/20141121/BUSINESS06/141129954/AR/0/AR-141129954.jpg" width="100" align="left" /></a> The utilities sector saw activity yesterday with Ascendant and KeyTech trading. The Royal GazetteBermuda Stock Exchange closed down 3. 09 at the end of trading. KeyTech was the decliner, with 1,000 shares trading and closing down 0. 25 to finish the day at 3. 75Ascendant was unchanged at 5. 90 after 1,800 shares changed hands. http://www.royalgazette.com/article/20141121/BUSINESS06/141129954&source=RSS Thu, 20 Nov 2014 22:00:00 GMT http://www.royalgazette.com/article/20141121/BUSINESS06/141129954&source=RSS <img src="/storyimage/RG/20141121/BUSINESS06/141129954/AR/0/AR-141129954.jpg" width="100" align="left" class="main-image" /></a> The utilities sector saw activity yesterday with Ascendant and KeyTech trading. The Royal GazetteBermuda Stock Exchange closed down 3. 09 at the end of trading. KeyTech was the decliner, with 1,000 shares trading and closing down 0. 25 to finish the day at 3. 75Ascendant was unchanged at 5. 90 after 1,800 shares changed hands. FedEx named top employer again <img src="/storyimage/RG/20141120/BUSINESS03/141129980/AR/0/AR-141129980.jpg" width="100" align="left" /></a> Courier firm FedEx last night carried off Bermudas top employer award for the second year in a row. The company pipped reinsurance company Validus Holdings for the top spot in The Bottom Line annual awards, with air conditioning firm Air Care in third place a rerun of last years top three. FedEx senior manager for the British. .. http://www.royalgazette.com/article/20141120/BUSINESS03/141129980&source=RSS Thu, 20 Nov 2014 12:35:00 GMT http://www.royalgazette.com/article/20141120/BUSINESS03/141129980&source=RSS <img src="/storyimage/RG/20141120/BUSINESS03/141129980/AR/0/AR-141129980.jpg" width="100" align="left" class="main-image" /></a> Courier firm FedEx last night carried off Bermudas top employer award for the second year in a row. The company pipped reinsurance company Validus Holdings for the top spot in The Bottom Line annual awards, with air conditioning firm Air Care in third place a rerun of last years top three. FedEx senior manager for the British. .. Rugby visit offers insurance insight to CedarBridge group <img src="/storyimage/RG/20141120/BUSINESS/141129977/AR/0/AR-141129977.jpg" width="100" align="left" /></a> CedarBridge Academy students received tips from the top on how to get into the reinsurance industry when they were guests of reinsurance broker Guy Carpenter at the World Rugby Classic last week. The group of 20 students mingled with the crowds amid the fun and the business networking of the event, and also engaged in a panel discussion. .. http://www.royalgazette.com/article/20141120/BUSINESS/141129977&source=RSS Thu, 20 Nov 2014 01:42:00 GMT http://www.royalgazette.com/article/20141120/BUSINESS/141129977&source=RSS <img src="/storyimage/RG/20141120/BUSINESS/141129977/AR/0/AR-141129977.jpg" width="100" align="left" class="main-image" /></a> CedarBridge Academy students received tips from the top on how to get into the reinsurance industry when they were guests of reinsurance broker Guy Carpenter at the World Rugby Classic last week. The group of 20 students mingled with the crowds amid the fun and the business networking of the event, and also engaged in a panel discussion. .. Exempted limited partnerships Factors to consider Exempted limited partnerships are suitable business structures in Bermuda for a variety of different business purposes. They often serve as a vehicle for investment funds, particularly for venture capitalprivate equity transactions and, in this regard, it is possible to list the interests in an exempted limited partnership on various. .. http://www.royalgazette.com/article/20141120/BUSINESS/141129978&source=RSS Thu, 20 Nov 2014 01:41:00 GMT http://www.royalgazette.com/article/20141120/BUSINESS/141129978&source=RSS Exempted limited partnerships are suitable business structures in Bermuda for a variety of different business purposes. They often serve as a vehicle for investment funds, particularly for venture capitalprivate equity transactions and, in this regard, it is possible to list the interests in an exempted limited partnership on various. .. Cheque fraud Still prevalent in the digital age <img src="/storyimage/RG/20141120/BUSINESS/141129979/AR/0/AR-141129979.jpg" width="100" align="left" /></a> This, our final article of ten in our Fraud Awareness Series, considers cheque fraud. Even though cheques are less common today, according to the Information Security Media Group, cheque fraud is estimated to be one of the top three frauds plaguing the banking industry, together with phishing and bank card fraud. According to the. .. http://www.royalgazette.com/article/20141120/BUSINESS/141129979&source=RSS Thu, 20 Nov 2014 01:41:00 GMT http://www.royalgazette.com/article/20141120/BUSINESS/141129979&source=RSS <img src="/storyimage/RG/20141120/BUSINESS/141129979/AR/0/AR-141129979.jpg" width="100" align="left" class="main-image" /></a> This, our final article of ten in our Fraud Awareness Series, considers cheque fraud. Even though cheques are less common today, according to the Information Security Media Group, cheque fraud is estimated to be one of the top three frauds plaguing the banking industry, together with phishing and bank card fraud. According to the. ..