Business http://www.royalgazette.com Business en-us Be afraid Queen Street to stage Boo Bash <img src="/storyimage/RG/20141030/BUSINESS03/141039957/AR/0/AR-141039957.jpg" width="100" align="left" /></a> A city street will tomorrow become a Halloween zone. Retailers in Queen Street are to open late for a special trick or treat night with a host of activities on offer. The Boo Bash modelled on US Halloween themed parties aimed at providing a safe environment for children to enjoy the day will feature face-painting, glitter art, a. .. http://www.royalgazette.com/article/20141030/BUSINESS03/141039957&source=RSS Thu, 30 Oct 2014 16:51:00 GMT http://www.royalgazette.com/article/20141030/BUSINESS03/141039957&source=RSS <img src="/storyimage/RG/20141030/BUSINESS03/141039957/AR/0/AR-141039957.jpg" width="100" align="left" class="main-image" /></a> A city street will tomorrow become a Halloween zone. Retailers in Queen Street are to open late for a special trick or treat night with a host of activities on offer. The Boo Bash modelled on US Halloween themed parties aimed at providing a safe environment for children to enjoy the day will feature face-painting, glitter art, a. .. Kill all the lawyers <img src="/storyimage/RG/20141030/BUSINESS/141039992/AR/0/AR-141039992.jpg" width="100" align="left" /></a> Myth #24 The first thing we do, lets kill all the lawyers. Most people are familiar with this commonly quoted phrase as being from one of Shakespeares plays. It is used to mock and vilify lawyers and exemplifies the ordinary persons frustration with the complexity of the law, and the confusion that can sometimes surround it. But. .. http://www.royalgazette.com/article/20141030/BUSINESS/141039992&source=RSS Thu, 30 Oct 2014 16:07:00 GMT http://www.royalgazette.com/article/20141030/BUSINESS/141039992&source=RSS <img src="/storyimage/RG/20141030/BUSINESS/141039992/AR/0/AR-141039992.jpg" width="100" align="left" class="main-image" /></a> Myth #24 The first thing we do, lets kill all the lawyers. Most people are familiar with this commonly quoted phrase as being from one of Shakespeares plays. It is used to mock and vilify lawyers and exemplifies the ordinary persons frustration with the complexity of the law, and the confusion that can sometimes surround it. But. .. Dont be misled by window dressing <img src="/storyimage/RG/20141030/BUSINESS/141039993/AR/0/AR-141039993.jpg" width="100" align="left" /></a> Window dressing refers to a practice used by some companies to improve the appearance of financial information before the close of an accounting period and reporting to investors or creditors. There are many forms of window dressing, ranging from simple accounting adjustments on the balance sheet to highly sophisticated schemes. .. http://www.royalgazette.com/article/20141030/BUSINESS/141039993&source=RSS Thu, 30 Oct 2014 00:01:00 GMT http://www.royalgazette.com/article/20141030/BUSINESS/141039993&source=RSS <img src="/storyimage/RG/20141030/BUSINESS/141039993/AR/0/AR-141039993.jpg" width="100" align="left" class="main-image" /></a> Window dressing refers to a practice used by some companies to improve the appearance of financial information before the close of an accounting period and reporting to investors or creditors. There are many forms of window dressing, ranging from simple accounting adjustments on the balance sheet to highly sophisticated schemes. .. Aspen sees gross premium growth <img src="/storyimage/RG/20141030/BUSINESS04/141039994/AR/0/AR-141039994.jpg" width="100" align="left" /></a> Aspen Insurance Holdings raked in a net income of 37. 4 million after tax in the third quarter of the year. The news came as the firm released its latest quarterly figures equal to 42 cents net income per share to the end of September. Aspen CEO Chris OKane said During the third quarter we continued to execute our. .. http://www.royalgazette.com/article/20141030/BUSINESS04/141039994&source=RSS Thu, 30 Oct 2014 00:00:00 GMT http://www.royalgazette.com/article/20141030/BUSINESS04/141039994&source=RSS <img src="/storyimage/RG/20141030/BUSINESS04/141039994/AR/0/AR-141039994.jpg" width="100" align="left" class="main-image" /></a> Aspen Insurance Holdings raked in a net income of 37. 4 million after tax in the third quarter of the year. The news came as the firm released its latest quarterly figures equal to 42 cents net income per share to the end of September. Aspen CEO Chris OKane said During the third quarter we continued to execute our. .. Axis beats estimates as profit surges Axis Capital yesterday reported net income of 279 million for the third quarter of the year. The figure available to common shareholders 142 million up on the same period last year equates to 2. 68 per diluted common share. The firm reported operating income of 133 million 1. 27 per share above analysts estimates of. .. http://www.royalgazette.com/article/20141030/BUSINESS04/141039995&source=RSS Wed, 29 Oct 2014 23:59:00 GMT http://www.royalgazette.com/article/20141030/BUSINESS04/141039995&source=RSS Axis Capital yesterday reported net income of 279 million for the third quarter of the year. The figure available to common shareholders 142 million up on the same period last year equates to 2. 68 per diluted common share. The firm reported operating income of 133 million 1. 27 per share above analysts estimates of. .. White Mountains profits slip to 52m Bermuda-based White Mountains Insurance Group Ltd reported net income of 52 million for the third quarter slightly down from 57 million in the corresponding quarter last year. Ray Barrette, the groups chairman and chief executive officer, described the July through September period as a flat quarter, although he described the. .. http://www.royalgazette.com/article/20141030/BUSINESS04/141039996&source=RSS Wed, 29 Oct 2014 23:59:00 GMT http://www.royalgazette.com/article/20141030/BUSINESS04/141039996&source=RSS Bermuda-based White Mountains Insurance Group Ltd reported net income of 52 million for the third quarter slightly down from 57 million in the corresponding quarter last year. Ray Barrette, the groups chairman and chief executive officer, described the July through September period as a flat quarter, although he described the. .. Validus earnings hit by aviation, war and energy losses <img src="/storyimage/RG/20141030/BUSINESS04/141039997/AR/0/AR-141039997.jpg" width="100" align="left" /></a> Validus Holdings Ltds third-quarter net income tumbled by three-quarters as the company was hit by more than 60 million in aviation, war and energy claims. The Bermuda-based insurer and reinsurer reported net income of 39. 7 million for the July through September period, compared to 183. 4 million for last years third. .. http://www.royalgazette.com/article/20141030/BUSINESS04/141039997&source=RSS Wed, 29 Oct 2014 23:58:00 GMT http://www.royalgazette.com/article/20141030/BUSINESS04/141039997&source=RSS <img src="/storyimage/RG/20141030/BUSINESS04/141039997/AR/0/AR-141039997.jpg" width="100" align="left" class="main-image" /></a> Validus Holdings Ltds third-quarter net income tumbled by three-quarters as the company was hit by more than 60 million in aviation, war and energy claims. The Bermuda-based insurer and reinsurer reported net income of 39. 7 million for the July through September period, compared to 183. 4 million for last years third. .. Butterfield hits 2 mark Butterfield Bank shares climbed to the 2 mark as three companies advanced in Bermuda Stock Exchange trading today. The bank gained one cent, or 0. 5 percent, as 128,993 shares traded. The largest climber was Bermuda Press Holdings Ltd, which gained 30 cents, or 3. 4 percent, on the trading of 300 shares. Watlington Waterworks. .. http://www.royalgazette.com/article/20141029/BUSINESS06/141029601&source=RSS Wed, 29 Oct 2014 23:08:00 GMT http://www.royalgazette.com/article/20141029/BUSINESS06/141029601&source=RSS Butterfield Bank shares climbed to the 2 mark as three companies advanced in Bermuda Stock Exchange trading today. The bank gained one cent, or 0. 5 percent, as 128,993 shares traded. The largest climber was Bermuda Press Holdings Ltd, which gained 30 cents, or 3. 4 percent, on the trading of 300 shares. Watlington Waterworks. .. Argo promotes Mortimer The insurance operations head at Argo has been promoted to lead the firms strategy and development arm. Nigel Mortimer is to become executive vice-president as well as continuing to run the insurance operations in Bermuda. Argo group president and CEO Mark Watson said We believe the future has never looked less like the. .. http://www.royalgazette.com/article/20141029/BUSINESS04/141029643&source=RSS Wed, 29 Oct 2014 14:48:00 GMT http://www.royalgazette.com/article/20141029/BUSINESS04/141029643&source=RSS The insurance operations head at Argo has been promoted to lead the firms strategy and development arm. Nigel Mortimer is to become executive vice-president as well as continuing to run the insurance operations in Bermuda. Argo group president and CEO Mark Watson said We believe the future has never looked less like the. .. Bermuda reinsurers focused on global warming risks <img src="/storyimage/RG/20141029/BUSINESS04/141029639/AR/0/AR-141029639.jpg" width="100" align="left" /></a> A renewed focus on climate change and insurance has led the Bank of England BoE to question insurers throughout the United Kingdom on their own risk management in the face of rising carbon levels, the Financial Times FT is reporting. This follows a Ceres report that ranked reinsurers in regard to climate change and which they said. .. http://www.royalgazette.com/article/20141029/BUSINESS04/141029639&source=RSS Wed, 29 Oct 2014 00:31:00 GMT http://www.royalgazette.com/article/20141029/BUSINESS04/141029639&source=RSS <img src="/storyimage/RG/20141029/BUSINESS04/141029639/AR/0/AR-141029639.jpg" width="100" align="left" class="main-image" /></a> A renewed focus on climate change and insurance has led the Bank of England BoE to question insurers throughout the United Kingdom on their own risk management in the face of rising carbon levels, the Financial Times FT is reporting. This follows a Ceres report that ranked reinsurers in regard to climate change and which they said. .. A riskier alternative strategy for retirement <img src="/storyimage/RG/20141029/BUSINESS/141029640/AR/0/AR-141029640.jpg" width="100" align="left" /></a> Demographic studies are showing that people are living longer these days. The latest results indicate that if you make it to age 65, then there is a 50 percent chance that you could live another 25-30 years on average. Thus for some persons, it is possible that they could spend almost one-third of their lifespan in retirement. Some time. .. http://www.royalgazette.com/article/20141029/BUSINESS/141029640&source=RSS Wed, 29 Oct 2014 00:29:00 GMT http://www.royalgazette.com/article/20141029/BUSINESS/141029640&source=RSS <img src="/storyimage/RG/20141029/BUSINESS/141029640/AR/0/AR-141029640.jpg" width="100" align="left" class="main-image" /></a> Demographic studies are showing that people are living longer these days. The latest results indicate that if you make it to age 65, then there is a 50 percent chance that you could live another 25-30 years on average. Thus for some persons, it is possible that they could spend almost one-third of their lifespan in retirement. Some time. .. St Georges gets a rare cruise ship visit <img src="/storyimage/RG/20141029/BUSINESS/141029641/AR/0/AR-141029641.jpg" width="100" align="left" /></a> The town of St Georges will welcome a rare commodity this week when the cruise ship, Regatta, and her 700 passengers pull into port. The liner was last in the East End back in April. She is one of just a handful of ships small enough to transit Town Cut. Regatta is due to get into Pennos Wharf from New York at midday tomorrow for a. .. http://www.royalgazette.com/article/20141029/BUSINESS/141029641&source=RSS Wed, 29 Oct 2014 00:28:00 GMT http://www.royalgazette.com/article/20141029/BUSINESS/141029641&source=RSS <img src="/storyimage/RG/20141029/BUSINESS/141029641/AR/0/AR-141029641.jpg" width="100" align="left" class="main-image" /></a> The town of St Georges will welcome a rare commodity this week when the cruise ship, Regatta, and her 700 passengers pull into port. The liner was last in the East End back in April. She is one of just a handful of ships small enough to transit Town Cut. Regatta is due to get into Pennos Wharf from New York at midday tomorrow for a. .. Computer pioneer Cusack dies at 93 <img src="/storyimage/RG/20141029/BUSINESS/141029642/AR/0/AR-141029642.jpg" width="100" align="left" /></a> Bermuda computer pioneer Martin Cusack, who helped bring the Island into the digital age, has died at the age of 93. Mr Cusack, who died last month, worked for electronics firm NCR in the 1950s and was responsible for the first electronic payments system for the Bermuda Government in 1951-52. The then hi-tech system did away with. .. http://www.royalgazette.com/article/20141029/BUSINESS/141029642&source=RSS Wed, 29 Oct 2014 00:28:00 GMT http://www.royalgazette.com/article/20141029/BUSINESS/141029642&source=RSS <img src="/storyimage/RG/20141029/BUSINESS/141029642/AR/0/AR-141029642.jpg" width="100" align="left" class="main-image" /></a> Bermuda computer pioneer Martin Cusack, who helped bring the Island into the digital age, has died at the age of 93. Mr Cusack, who died last month, worked for electronics firm NCR in the 1950s and was responsible for the first electronic payments system for the Bermuda Government in 1951-52. The then hi-tech system did away with. .. Demand picks up for commercial real estate <img src="/storyimage/RG/20141029/BUSINESS03/141029644/AR/0/AR-141029644.jpg" width="100" align="left" /></a> Bermudas struggling commercial property sector is showing green shoots of recovery, experts said yesterday. Brian Madeiros, president of real estate firm Coldwell Banker Bermuda Realty, said Our analysis indicates that by year end we will have placed 30,000 square feet of either new city tenants or tenants expanding their. .. http://www.royalgazette.com/article/20141029/BUSINESS03/141029644&source=RSS Wed, 29 Oct 2014 00:26:00 GMT http://www.royalgazette.com/article/20141029/BUSINESS03/141029644&source=RSS <img src="/storyimage/RG/20141029/BUSINESS03/141029644/AR/0/AR-141029644.jpg" width="100" align="left" class="main-image" /></a> Bermudas struggling commercial property sector is showing green shoots of recovery, experts said yesterday. Brian Madeiros, president of real estate firm Coldwell Banker Bermuda Realty, said Our analysis indicates that by year end we will have placed 30,000 square feet of either new city tenants or tenants expanding their. .. No change on BSX No shares were traded on the Bermuda Stock Exchange today, leaving The Royal GazetteBSX Index unchanged at 1,376. 74. On overseas markets, Bermuda-based reinsurers rallied, causing the BSX Insurance Index to gain 7. 9 points, or 0. 53 percent. http://www.royalgazette.com/article/20141028/BUSINESS06/141029645&source=RSS Tue, 28 Oct 2014 23:40:00 GMT http://www.royalgazette.com/article/20141028/BUSINESS06/141029645&source=RSS No shares were traded on the Bermuda Stock Exchange today, leaving The Royal GazetteBSX Index unchanged at 1,376. 74. On overseas markets, Bermuda-based reinsurers rallied, causing the BSX Insurance Index to gain 7. 9 points, or 0. 53 percent.