Business http://www.royalgazette.com Business en-us Retail sales rise for seventh month <img src="/storyimage/RG/20150528/BUSINESS01/150529733/AR/0/AR-150529733.jpg" width="100" align="left" /></a> Retail sales went up by more than two per cent in March compared to the same time last year. And the sale of vehicles showed the largest growth up by more than a quarter 26. 4 per cent. Analysts said the increase was due to a leap in demand for motorcycles, while the sales of cars and trucks declined. It was the seventh. .. http://www.royalgazette.com/article/20150528/BUSINESS01/150529733&source=RSS Thu, 28 May 2015 18:20:00 GMT http://www.royalgazette.com/article/20150528/BUSINESS01/150529733&source=RSS <img src="/storyimage/RG/20150528/BUSINESS01/150529733/AR/0/AR-150529733.jpg" width="100" align="left" class="main-image" /></a> Retail sales went up by more than two per cent in March compared to the same time last year. And the sale of vehicles showed the largest growth up by more than a quarter 26. 4 per cent. Analysts said the increase was due to a leap in demand for motorcycles, while the sales of cars and trucks declined. It was the seventh. .. Does it make sense to insure your home and contents? <img src="/storyimage/RG/20150528/BUSINESS/150529763/AR/0/AR-150529763.jpg" width="100" align="left" /></a> People often wonder if purchasing insurance is worth the money, or if there has to be a major storm before a policy will pay out? It is all a matter of perspective. Insurance is there to protect you financially at a time when you need it the most. A home insurance policy will cover you against the major perils of hurricane and fire, but people. .. http://www.royalgazette.com/article/20150528/BUSINESS/150529763&source=RSS Wed, 27 May 2015 23:10:00 GMT http://www.royalgazette.com/article/20150528/BUSINESS/150529763&source=RSS <img src="/storyimage/RG/20150528/BUSINESS/150529763/AR/0/AR-150529763.jpg" width="100" align="left" class="main-image" /></a> People often wonder if purchasing insurance is worth the money, or if there has to be a major storm before a policy will pay out? It is all a matter of perspective. Insurance is there to protect you financially at a time when you need it the most. A home insurance policy will cover you against the major perils of hurricane and fire, but people. .. Validus wins again in landmark case <img src="/storyimage/RG/20150528/BUSINESS04/150529764/AR/0/AR-150529764.jpg" width="100" align="left" /></a> Validus Reinsurance Ltd has won a second court battle with US tax authorities that could have wider significance for fellow Bermuda reinsurers. The US Court of Appeals, District of Columbia Circuit, handed down a summary judgment dismissing the appeal of the Internal Revenue Service against Validus initial court victory. Validus. .. http://www.royalgazette.com/article/20150528/BUSINESS04/150529764&source=RSS Wed, 27 May 2015 23:10:00 GMT http://www.royalgazette.com/article/20150528/BUSINESS04/150529764&source=RSS <img src="/storyimage/RG/20150528/BUSINESS04/150529764/AR/0/AR-150529764.jpg" width="100" align="left" class="main-image" /></a> Validus Reinsurance Ltd has won a second court battle with US tax authorities that could have wider significance for fellow Bermuda reinsurers. The US Court of Appeals, District of Columbia Circuit, handed down a summary judgment dismissing the appeal of the Internal Revenue Service against Validus initial court victory. Validus. .. Jazzy builds on family retail tradition <img src="/storyimage/RG/20150528/BUSINESS03/150529765/AR/0/AR-150529765.jpg" width="100" align="left" /></a> Theres been a quiet revolution on the Church Street level of Washington Mall as Jazzy boutique has enlarged its footprint in the shopping complex and now occupies a group of four units. There is the original Jazzy, together with Jazzy Too, Jazzy Plus and the Jazzy-associated Accessory Box. Jazzys owner Lasheika Burgess has. .. http://www.royalgazette.com/article/20150528/BUSINESS03/150529765&source=RSS Wed, 27 May 2015 23:09:00 GMT http://www.royalgazette.com/article/20150528/BUSINESS03/150529765&source=RSS <img src="/storyimage/RG/20150528/BUSINESS03/150529765/AR/0/AR-150529765.jpg" width="100" align="left" class="main-image" /></a> Theres been a quiet revolution on the Church Street level of Washington Mall as Jazzy boutique has enlarged its footprint in the shopping complex and now occupies a group of four units. There is the original Jazzy, together with Jazzy Too, Jazzy Plus and the Jazzy-associated Accessory Box. Jazzys owner Lasheika Burgess has. .. Ascendant shares improve A total of 6,100 shares worth 19,481 traded on The Royal GazetteBSX. Bermuda Aviation Services closed one cent 0. 3 per cent lower at 3. 15 after 6,000 shares sold. Utilities firm Ascendant, parent of power supplier Belco, finished 30 cents 5. 9 per cent up at 5. 40 after 100 shares changed hands. The Royal GazetteBSX. .. http://www.royalgazette.com/article/20150527/BUSINESS06/150529766&source=RSS Wed, 27 May 2015 22:44:00 GMT http://www.royalgazette.com/article/20150527/BUSINESS06/150529766&source=RSS A total of 6,100 shares worth 19,481 traded on The Royal GazetteBSX. Bermuda Aviation Services closed one cent 0. 3 per cent lower at 3. 15 after 6,000 shares sold. Utilities firm Ascendant, parent of power supplier Belco, finished 30 cents 5. 9 per cent up at 5. 40 after 100 shares changed hands. The Royal GazetteBSX. .. PartnerRe-Axis merger clears Euro hurdle The European Commission has cleared the proposed merger between Axis and PartnerRe. The Commission said the deal did not breach European antitrust regulations the last competition-related hurdle the two reinsurance firms had to clear. A statement from Axis said the merger remains on track to close in the third quarter of 2015,. .. http://www.royalgazette.com/article/20150527/BUSINESS04/150529796&source=RSS Tue, 26 May 2015 23:19:00 GMT http://www.royalgazette.com/article/20150527/BUSINESS04/150529796&source=RSS The European Commission has cleared the proposed merger between Axis and PartnerRe. The Commission said the deal did not breach European antitrust regulations the last competition-related hurdle the two reinsurance firms had to clear. A statement from Axis said the merger remains on track to close in the third quarter of 2015,. .. Online retailer Hot Buys opens store <img src="/storyimage/RG/20150527/BUSINESS03/150529797/AR/0/AR-150529797.jpg" width="100" align="left" /></a> A chef has cooked up a new business idea selling electronic equipment and other goods at US prices. Heinz Kleissner. a chef at Miles Market in Pembroke, took the plunge and is to open new store Hot Buys on Friday after selling computers and other electronics online for a year. Mr Kleissner said We sell anything, but mostly. .. http://www.royalgazette.com/article/20150527/BUSINESS03/150529797&source=RSS Tue, 26 May 2015 23:19:00 GMT http://www.royalgazette.com/article/20150527/BUSINESS03/150529797&source=RSS <img src="/storyimage/RG/20150527/BUSINESS03/150529797/AR/0/AR-150529797.jpg" width="100" align="left" class="main-image" /></a> A chef has cooked up a new business idea selling electronic equipment and other goods at US prices. Heinz Kleissner. a chef at Miles Market in Pembroke, took the plunge and is to open new store Hot Buys on Friday after selling computers and other electronics online for a year. Mr Kleissner said We sell anything, but mostly. .. UK seeks slice of Islands cat bond business <img src="/storyimage/RG/20150527/BUSINESS04/150529798/AR/0/AR-150529798.jpg" width="100" align="left" /></a> The UK government has set up a special task force to snatch lucrative catastrophe bond insurance-linked securities business from Bermuda. The British Government then a ConservativeLiberal Democrat coalition signalled in its budget last March that it had set its sights on the alternative reinsurance market in a bid to attract a chunk. .. http://www.royalgazette.com/article/20150527/BUSINESS04/150529798&source=RSS Tue, 26 May 2015 23:18:00 GMT http://www.royalgazette.com/article/20150527/BUSINESS04/150529798&source=RSS <img src="/storyimage/RG/20150527/BUSINESS04/150529798/AR/0/AR-150529798.jpg" width="100" align="left" class="main-image" /></a> The UK government has set up a special task force to snatch lucrative catastrophe bond insurance-linked securities business from Bermuda. The British Government then a ConservativeLiberal Democrat coalition signalled in its budget last March that it had set its sights on the alternative reinsurance market in a bid to attract a chunk. .. Endurance to promote Bermudian executive Young <img src="/storyimage/RG/20150527/BUSINESS04/150529799/AR/0/AR-150529799.jpg" width="100" align="left" /></a> Bermudian Stephen Young is to take over as Endurance Specialty Holdings Ltds chief executive officer of global reinsurance from the start of next year. Mr Young, who is the chief underwriting officer and head of global catastrophe reinsurance, will succeed Jerome Faure as global reinsurance CEO after Mr Faures retirement on January 1,. .. http://www.royalgazette.com/article/20150527/BUSINESS04/150529799&source=RSS Tue, 26 May 2015 23:17:00 GMT http://www.royalgazette.com/article/20150527/BUSINESS04/150529799&source=RSS <img src="/storyimage/RG/20150527/BUSINESS04/150529799/AR/0/AR-150529799.jpg" width="100" align="left" class="main-image" /></a> Bermudian Stephen Young is to take over as Endurance Specialty Holdings Ltds chief executive officer of global reinsurance from the start of next year. Mr Young, who is the chief underwriting officer and head of global catastrophe reinsurance, will succeed Jerome Faure as global reinsurance CEO after Mr Faures retirement on January 1,. .. Large transaction of BFM shares A massive share transaction in insurance firm BFampM was the main contributor to 3. 1 million of business on The Royal GazetteBSX. A total of 176,864 shares changed hands, with BFampM ending the day one cent down 0. 01 per cent at 17. 25. Telecoms firm KeyTech saw 18,200 of its shares move, leaving its price unchanged at. .. http://www.royalgazette.com/article/20150526/BUSINESS06/150529800&source=RSS Tue, 26 May 2015 22:40:00 GMT http://www.royalgazette.com/article/20150526/BUSINESS06/150529800&source=RSS A massive share transaction in insurance firm BFampM was the main contributor to 3. 1 million of business on The Royal GazetteBSX. A total of 176,864 shares changed hands, with BFampM ending the day one cent down 0. 01 per cent at 17. 25. Telecoms firm KeyTech saw 18,200 of its shares move, leaving its price unchanged at. .. BFIS summer interns start programme <img src="/storyimage/RG/20150526/BUSINESS04/150529805/AR/0/AR-150529805.jpg" width="100" align="left" /></a> A total of six undergraduate interns this week started a work experience programme aimed at attracting talent to the insurance and reinsurance industry. The six four Bermudians and two US students are taking part in the Bermuda Foundation for Insurance Studies BFIS intro-to-insurance scheme, which will see them visit 25 insurance. .. http://www.royalgazette.com/article/20150526/BUSINESS04/150529805&source=RSS Tue, 26 May 2015 18:48:00 GMT http://www.royalgazette.com/article/20150526/BUSINESS04/150529805&source=RSS <img src="/storyimage/RG/20150526/BUSINESS04/150529805/AR/0/AR-150529805.jpg" width="100" align="left" class="main-image" /></a> A total of six undergraduate interns this week started a work experience programme aimed at attracting talent to the insurance and reinsurance industry. The six four Bermudians and two US students are taking part in the Bermuda Foundation for Insurance Studies BFIS intro-to-insurance scheme, which will see them visit 25 insurance. .. The Comic Stop story concludes with a sale <img src="/storyimage/RG/20150526/BUSINESS03/150529826/AR/0/AR-150529826.jpg" width="100" align="left" /></a> After 10 years in business The Comic Stop will come to a halt at the end of June. A closing down sale is now on at the shop in the Emporium Building, on Front Street. Co-owner Garan Madeiros said that while he will be sad to wave goodbye to the shop and its loyal customers, he feels it is time to return to his original passion of creating. .. http://www.royalgazette.com/article/20150526/BUSINESS03/150529826&source=RSS Mon, 25 May 2015 22:18:00 GMT http://www.royalgazette.com/article/20150526/BUSINESS03/150529826&source=RSS <img src="/storyimage/RG/20150526/BUSINESS03/150529826/AR/0/AR-150529826.jpg" width="100" align="left" class="main-image" /></a> After 10 years in business The Comic Stop will come to a halt at the end of June. A closing down sale is now on at the shop in the Emporium Building, on Front Street. Co-owner Garan Madeiros said that while he will be sad to wave goodbye to the shop and its loyal customers, he feels it is time to return to his original passion of creating. .. Hotel hires 200 new employees <img src="/storyimage/RG/20150526/BUSINESS/150529827/AR/0/AR-150529827.jpg" width="100" align="left" /></a> The new-look Hamilton Princess has signed up 200 new employees as it gears up for the summer season. And further job opportunities are still available across a range of hotel departments. The new staff who will be employed mostly in the food and beverage department includes 114 Bermudians. The historic hotel owned by the. .. http://www.royalgazette.com/article/20150526/BUSINESS/150529827&source=RSS Mon, 25 May 2015 22:14:00 GMT http://www.royalgazette.com/article/20150526/BUSINESS/150529827&source=RSS <img src="/storyimage/RG/20150526/BUSINESS/150529827/AR/0/AR-150529827.jpg" width="100" align="left" class="main-image" /></a> The new-look Hamilton Princess has signed up 200 new employees as it gears up for the summer season. And further job opportunities are still available across a range of hotel departments. The new staff who will be employed mostly in the food and beverage department includes 114 Bermudians. The historic hotel owned by the. .. Workforce on demand Are you ready? <img src="/storyimage/RG/20150526/BUSINESS05/150529828/AR/0/AR-150529828.jpg" width="100" align="left" /></a> Companies are taking a more sophisticated approach to managing all aspects of the workforce, including the hourly, contingent, and contract workforce. In our initial Global Human Capital Trends report in 2013, we described the rapidly emerging open talent economy and outlined how talent strategies were moving beyond traditional. .. http://www.royalgazette.com/article/20150526/BUSINESS05/150529828&source=RSS Mon, 25 May 2015 22:13:00 GMT http://www.royalgazette.com/article/20150526/BUSINESS05/150529828&source=RSS <img src="/storyimage/RG/20150526/BUSINESS05/150529828/AR/0/AR-150529828.jpg" width="100" align="left" class="main-image" /></a> Companies are taking a more sophisticated approach to managing all aspects of the workforce, including the hourly, contingent, and contract workforce. In our initial Global Human Capital Trends report in 2013, we described the rapidly emerging open talent economy and outlined how talent strategies were moving beyond traditional. .. Lespere is new COO at BMA <img src="/storyimage/RG/20150526/BUSINESS/150529829/AR/0/AR-150529829.jpg" width="100" align="left" /></a> A Bermuda Monetary Authority BMA veteran has been appointed the organisations chief operations officer. Shanna Lespere, who has worked in a variety of roles in her more than a decade with the Islands financial watchdog, moves from her current position of director of operations. BMA chief executive Jeremy Cox said Shanna has. .. http://www.royalgazette.com/article/20150526/BUSINESS/150529829&source=RSS Mon, 25 May 2015 22:13:00 GMT http://www.royalgazette.com/article/20150526/BUSINESS/150529829&source=RSS <img src="/storyimage/RG/20150526/BUSINESS/150529829/AR/0/AR-150529829.jpg" width="100" align="left" class="main-image" /></a> A Bermuda Monetary Authority BMA veteran has been appointed the organisations chief operations officer. Shanna Lespere, who has worked in a variety of roles in her more than a decade with the Islands financial watchdog, moves from her current position of director of operations. BMA chief executive Jeremy Cox said Shanna has. ..