Business http://www.royalgazette.com Business en-us Consumers want more transparency in cell phone contracts <img src="/storyimage/RG/20140716/BUSINESS03/140719644/AR/0/AR-140719644.jpg" width="100" align="left" /></a> The contracts that cell phone users have with their carrier service providers should be available for those customers to read and absorb outside the store, they should be able to read it at their own pace, and summaries should be provided by carriers whose contracts are longer than two pages. These were among the responses of The. .. http://www.royalgazette.com/article/20140716/BUSINESS03/140719644&source=RSS Tue, 22 Jul 2014 00:11:00 GMT http://www.royalgazette.com/article/20140716/BUSINESS03/140719644&source=RSS <img src="/storyimage/RG/20140716/BUSINESS03/140719644/AR/0/AR-140719644.jpg" width="100" align="left" class="main-image" /></a> The contracts that cell phone users have with their carrier service providers should be available for those customers to read and absorb outside the store, they should be able to read it at their own pace, and summaries should be provided by carriers whose contracts are longer than two pages. These were among the responses of The. .. Work starts on energy policy as solar panel installation picks up <img src="/storyimage/RG/20140722/BUSINESS03/140729962/AR/0/AR-140729962.jpg" width="100" align="left" /></a> The Department of Energy begins this week seeking advice on establishing a new energy regulatory environment, with a promise of public consultation later this year. The new regulatory regime for energy in Bermuda is a priority for the Ministry of Education and Economic Development. Government requires two sets of consultants to a. .. http://www.royalgazette.com/article/20140722/BUSINESS03/140729962&source=RSS Tue, 22 Jul 2014 00:04:00 GMT http://www.royalgazette.com/article/20140722/BUSINESS03/140729962&source=RSS <img src="/storyimage/RG/20140722/BUSINESS03/140729962/AR/0/AR-140729962.jpg" width="100" align="left" class="main-image" /></a> The Department of Energy begins this week seeking advice on establishing a new energy regulatory environment, with a promise of public consultation later this year. The new regulatory regime for energy in Bermuda is a priority for the Ministry of Education and Economic Development. Government requires two sets of consultants to a. .. Cut your cloth to fit the pattern Cut. One of the phrases I use often when talking to entrepreneurs and individuals is the need for them to cut the cloth to fit the pattern. Even as we all hope that we are in a form of recovery it is essential that everyone make the very best use of the limited resources that are available. In order to do this effectively you do need. .. http://www.royalgazette.com/article/20140722/BUSINESS09/140729963&source=RSS Mon, 21 Jul 2014 22:30:00 GMT http://www.royalgazette.com/article/20140722/BUSINESS09/140729963&source=RSS Cut. One of the phrases I use often when talking to entrepreneurs and individuals is the need for them to cut the cloth to fit the pattern. Even as we all hope that we are in a form of recovery it is essential that everyone make the very best use of the limited resources that are available. In order to do this effectively you do need. .. Top insurers contributed 16 of our economy <img src="/storyimage/RG/20140721/BUSINESS04/140729972/AR/0/AR-140729972.jpg" width="100" align="left" /></a> By Jonathan KentThe international reinsurers who make up the membership of the Association of Bermuda Insurers and Reinsurers claim to have contributed nearly 900 million to the Bermuda economy in 2013. The industry representative body released its annual Bermuda Economic Impact Survey yesterday, which estimated that its members. .. http://www.royalgazette.com/article/20140721/BUSINESS04/140729972&source=RSS Tue, 22 Jul 2014 00:04:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS04/140729972&source=RSS <img src="/storyimage/RG/20140721/BUSINESS04/140729972/AR/0/AR-140729972.jpg" width="100" align="left" class="main-image" /></a> By Jonathan KentThe international reinsurers who make up the membership of the Association of Bermuda Insurers and Reinsurers claim to have contributed nearly 900 million to the Bermuda economy in 2013. The industry representative body released its annual Bermuda Economic Impact Survey yesterday, which estimated that its members. .. BISL marks 25 years of cargo service with twin donations <img src="/storyimage/RG/20140721/BUSINESS/140729965/AR/0/AR-140729965.jpg" width="100" align="left" /></a> Bermuda International Shipping Ltd has donated 12,500 each to the Bermuda Sloop Foundation and the National Museum of Bermuda in commemoration of 25 years of its cargo service from the US to Bermuda. The company, which owns the Bermuda Islander cargo vessel, operates a weekly cargo service from the Port of Salem, New. .. http://www.royalgazette.com/article/20140721/BUSINESS/140729965&source=RSS Tue, 22 Jul 2014 00:08:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS/140729965&source=RSS <img src="/storyimage/RG/20140721/BUSINESS/140729965/AR/0/AR-140729965.jpg" width="100" align="left" class="main-image" /></a> Bermuda International Shipping Ltd has donated 12,500 each to the Bermuda Sloop Foundation and the National Museum of Bermuda in commemoration of 25 years of its cargo service from the US to Bermuda. The company, which owns the Bermuda Islander cargo vessel, operates a weekly cargo service from the Port of Salem, New. .. Argus profit rises as healthcare claims fall <img src="/storyimage/RG/20140721/BUSINESS03/140729966/AR/0/AR-140729966.jpg" width="100" align="left" /></a> Argus Group Holdings Limited has announced earnings of 13. 2 million for the year ended March 31 2014, compared to 12. 8 million in the prior year. A press release announcing these results stated that These positive earnings have been achieved against a backdrop of global economic challenges that have lingered for several years and. .. http://www.royalgazette.com/article/20140721/BUSINESS03/140729966&source=RSS Tue, 22 Jul 2014 00:02:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS03/140729966&source=RSS <img src="/storyimage/RG/20140721/BUSINESS03/140729966/AR/0/AR-140729966.jpg" width="100" align="left" class="main-image" /></a> Argus Group Holdings Limited has announced earnings of 13. 2 million for the year ended March 31 2014, compared to 12. 8 million in the prior year. A press release announcing these results stated that These positive earnings have been achieved against a backdrop of global economic challenges that have lingered for several years and. .. Butterfield shares hit 2 mark Butterfield Bank shares hit the 2 mark after a day of heavier-than-normal trading in the stock on the Bermuda Stock Exchange. The bank rose one cent, or 0. 5 percent, as 346,154 shares changed hands. The banks move drove The Royal GazetteBSX Index up by 4. 72 points, or 0. 35 percent. Volume totalled 371,854 shares, while turnover. .. http://www.royalgazette.com/article/20140721/BUSINESS06/140729964&source=RSS Mon, 21 Jul 2014 22:17:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS06/140729964&source=RSS Butterfield Bank shares hit the 2 mark after a day of heavier-than-normal trading in the stock on the Bermuda Stock Exchange. The bank rose one cent, or 0. 5 percent, as 346,154 shares changed hands. The banks move drove The Royal GazetteBSX Index up by 4. 72 points, or 0. 35 percent. Volume totalled 371,854 shares, while turnover. .. Island delegation visits Colombia in search of captive business Building on the growing numbers of new captives incorporated in Bermuda in 2013 from the Latin American region, a delegation of leading Bermuda captive industry executives attended the Multi Latina Risk Management Conference in Cartagena, Colombia earlier this month, as part of Bermudas ongoing strategic initiative to source new business. .. http://www.royalgazette.com/article/20140721/BUSINESS04/140729968&source=RSS Mon, 21 Jul 2014 17:33:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS04/140729968&source=RSS Building on the growing numbers of new captives incorporated in Bermuda in 2013 from the Latin American region, a delegation of leading Bermuda captive industry executives attended the Multi Latina Risk Management Conference in Cartagena, Colombia earlier this month, as part of Bermudas ongoing strategic initiative to source new business. .. Bermuda asset management industry featured in RCA webcast Bermudas asset management industry will be featured in a special webcast for executives from asset management firms as well as law and graduate students and governmental authorities that are members of the Regulatory Compliance Association RCA. The session is sponsored by the Bermuda Business Development Association BDA which is an. .. http://www.royalgazette.com/article/20140721/BUSINESS/140729969&source=RSS Mon, 21 Jul 2014 17:20:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS/140729969&source=RSS Bermudas asset management industry will be featured in a special webcast for executives from asset management firms as well as law and graduate students and governmental authorities that are members of the Regulatory Compliance Association RCA. The session is sponsored by the Bermuda Business Development Association BDA which is an. .. Allied Worlds pop up ice cream campaign goes viral <img src="/storyimage/RG/20140721/BUSINESS/140729994/AR/0/AR-140729994.jpg" width="100" align="left" /></a> Last week, Allied World a Swiss-based reinsurer launched a global pop-up marketing campaign in Bermuda, London and New York. The Beat the Heat campaign targeted island-wide and global brokers in appreciation of their continued business and support. The pop-up marketing campaign involved giving out complimentary ice cream to. .. http://www.royalgazette.com/article/20140721/BUSINESS/140729994&source=RSS Mon, 21 Jul 2014 16:20:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS/140729994&source=RSS <img src="/storyimage/RG/20140721/BUSINESS/140729994/AR/0/AR-140729994.jpg" width="100" align="left" class="main-image" /></a> Last week, Allied World a Swiss-based reinsurer launched a global pop-up marketing campaign in Bermuda, London and New York. The Beat the Heat campaign targeted island-wide and global brokers in appreciation of their continued business and support. The pop-up marketing campaign involved giving out complimentary ice cream to. .. More data harnessing needed, bank CEOs agree The Bermuda banking industry is at the infancy stage with regards to warehousing data on customer needs and behaviours, a KPMG banking survey has reported. The survey noted that chief executive officers CEO of Bermudas banks were aware that the institutions had failed to invest enough in this area, but that it was now a growing area of. .. http://www.royalgazette.com/article/20140721/BUSINESS/140729973&source=RSS Mon, 21 Jul 2014 15:04:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS/140729973&source=RSS The Bermuda banking industry is at the infancy stage with regards to warehousing data on customer needs and behaviours, a KPMG banking survey has reported. The survey noted that chief executive officers CEO of Bermudas banks were aware that the institutions had failed to invest enough in this area, but that it was now a growing area of. .. Clariens co-CEO to leavethe bank <img src="/storyimage/RG/20140721/BUSINESS/140729974/AR/0/AR-140729974.jpg" width="100" align="left" /></a> Clarien Bank Limited said on Friday that founding member and co-chief executive officer Zoran Fotak will be leaving the bank. A statement said that he will be on leave until October, but that his official last day will be October 18. Ian Truran, also a founding co-CEO, will remain co-CEO for Clarien. He will assume continued. .. http://www.royalgazette.com/article/20140721/BUSINESS/140729974&source=RSS Mon, 21 Jul 2014 12:49:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS/140729974&source=RSS <img src="/storyimage/RG/20140721/BUSINESS/140729974/AR/0/AR-140729974.jpg" width="100" align="left" class="main-image" /></a> Clarien Bank Limited said on Friday that founding member and co-chief executive officer Zoran Fotak will be leaving the bank. A statement said that he will be on leave until October, but that his official last day will be October 18. Ian Truran, also a founding co-CEO, will remain co-CEO for Clarien. He will assume continued. .. KeyTech declines 21.3 percent The Royal GazetteBermuda Stock Exchange closed the week down 14. 13 at 1,364. 72. A total of 171,597 shares traded, at a value of 595,059. 03. KeyTech Ltd saw the biggest decline of 21. 3 percent, after 25,500 shares changed hands last week. The stock closed at 3. 50, down 0. 95. The Bank of NT Butterfield Limited saw the largest. .. http://www.royalgazette.com/article/20140721/BUSINESS06/140729995&source=RSS Sun, 20 Jul 2014 22:24:00 GMT http://www.royalgazette.com/article/20140721/BUSINESS06/140729995&source=RSS The Royal GazetteBermuda Stock Exchange closed the week down 14. 13 at 1,364. 72. A total of 171,597 shares traded, at a value of 595,059. 03. KeyTech Ltd saw the biggest decline of 21. 3 percent, after 25,500 shares changed hands last week. The stock closed at 3. 50, down 0. 95. The Bank of NT Butterfield Limited saw the largest. .. Profits, ROE will fall, say bankers Bermuda bankers are pessimistic about maintaining historic levels of profitability and return on equity in a market of weak demand, low interest rates, increased capital costs and increased capital requirements. But they have opted for a strong defence against cyber attacks, admitting they expect them to happen. The just released. .. http://www.royalgazette.com/article/20140719/BUSINESS/140719645&source=RSS Mon, 21 Jul 2014 02:10:00 GMT http://www.royalgazette.com/article/20140719/BUSINESS/140719645&source=RSS Bermuda bankers are pessimistic about maintaining historic levels of profitability and return on equity in a market of weak demand, low interest rates, increased capital costs and increased capital requirements. But they have opted for a strong defence against cyber attacks, admitting they expect them to happen. The just released. .. Dont use life insurance to leave an estate <img src="/storyimage/RG/20140719/BUSINESS08/140719663/AR/0/AR-140719663.jpg" width="100" align="left" /></a> Dear Dave,My mom is 71 and debt-free. Shes investing 600 a month in a universal life insurance policy worth 250,000 because she wants to leave something behind when she dies. What could she invest this money in, other than the life insurance policy, in order to leave an estate?SteveDear Steve,This is a good. .. http://www.royalgazette.com/article/20140719/BUSINESS08/140719663&source=RSS Fri, 18 Jul 2014 22:19:00 GMT http://www.royalgazette.com/article/20140719/BUSINESS08/140719663&source=RSS <img src="/storyimage/RG/20140719/BUSINESS08/140719663/AR/0/AR-140719663.jpg" width="100" align="left" class="main-image" /></a> Dear Dave,My mom is 71 and debt-free. Shes investing 600 a month in a universal life insurance policy worth 250,000 because she wants to leave something behind when she dies. What could she invest this money in, other than the life insurance policy, in order to leave an estate?SteveDear Steve,This is a good. ..