Business http://www.royalgazette.com Business en-us Should you reward children with money for good grades? <img src="/storyimage/RG/20150328/BUSINESS08/150329734/AR/0/AR-150329734.jpg" width="100" align="left" /></a> Dear Dave,Whats your opinion on rewarding children with money for getting good grades in school?JoeDear Joe,Honestly, I dont have a strong opinion about it one way or the other. We didnt pay our children for good grades, but I cant really think of a strong argument not to pay them for success in school. http://www.royalgazette.com/article/20150328/BUSINESS08/150329734&source=RSS Fri, 27 Mar 2015 23:43:00 GMT http://www.royalgazette.com/article/20150328/BUSINESS08/150329734&source=RSS <img src="/storyimage/RG/20150328/BUSINESS08/150329734/AR/0/AR-150329734.jpg" width="100" align="left" class="main-image" /></a> Dear Dave,Whats your opinion on rewarding children with money for getting good grades in school?JoeDear Joe,Honestly, I dont have a strong opinion about it one way or the other. We didnt pay our children for good grades, but I cant really think of a strong argument not to pay them for success in school. KeyTech shares hit 52-week low Telecommunications firm KeyTech hit its one-year low on the Bermuda Stock Exchange today. The firm saw 17,000 shares change hands leaving its price down 20 cents 6. 3 per cent at 3. The Bank of Butterfield also matched its 52-week low after 5,000 shares traded. The bank ended the day down one cent 0. 5 per cent at. .. http://www.royalgazette.com/article/20150327/BUSINESS06/150329735&source=RSS Fri, 27 Mar 2015 22:11:00 GMT http://www.royalgazette.com/article/20150327/BUSINESS06/150329735&source=RSS Telecommunications firm KeyTech hit its one-year low on the Bermuda Stock Exchange today. The firm saw 17,000 shares change hands leaving its price down 20 cents 6. 3 per cent at 3. The Bank of Butterfield also matched its 52-week low after 5,000 shares traded. The bank ended the day down one cent 0. 5 per cent at. .. Brindle set for return with new 2bn insurer <img src="/storyimage/RG/20150327/BUSINESS04/150329736/AR/0/AR-150329736.jpg" width="100" align="left" /></a> Veteran insurance chief Richard Brindle is set to head up a new 2 billion insurance venture on the Island. Mr Brindle former CEO of Bermuda-based Lancashire Holdings will lead Fidelis Insurance Holdings, according to reports. The new firm is backed by Los Angeles-based Oaktree Capital and other investors and according to. .. http://www.royalgazette.com/article/20150327/BUSINESS04/150329736&source=RSS Fri, 27 Mar 2015 21:19:00 GMT http://www.royalgazette.com/article/20150327/BUSINESS04/150329736&source=RSS <img src="/storyimage/RG/20150327/BUSINESS04/150329736/AR/0/AR-150329736.jpg" width="100" align="left" class="main-image" /></a> Veteran insurance chief Richard Brindle is set to head up a new 2 billion insurance venture on the Island. Mr Brindle former CEO of Bermuda-based Lancashire Holdings will lead Fidelis Insurance Holdings, according to reports. The new firm is backed by Los Angeles-based Oaktree Capital and other investors and according to. .. Wight Lets grasp Americas Cup opportunity <img src="/storyimage/RG/20150327/BUSINESS03/150329771/AR/0/AR-150329771.jpg" width="100" align="left" /></a> The Americas Cup will generate significant extra business for its official healthcare provider BFampM and the insurers boss says the Island needs to grasp this unique opportunity to ensure the whole community benefits from it for years after the sailors have gone home. John Wight said the worlds most prestigious sailing competition. .. http://www.royalgazette.com/article/20150327/BUSINESS03/150329771&source=RSS Fri, 27 Mar 2015 00:00:00 GMT http://www.royalgazette.com/article/20150327/BUSINESS03/150329771&source=RSS <img src="/storyimage/RG/20150327/BUSINESS03/150329771/AR/0/AR-150329771.jpg" width="100" align="left" class="main-image" /></a> The Americas Cup will generate significant extra business for its official healthcare provider BFampM and the insurers boss says the Island needs to grasp this unique opportunity to ensure the whole community benefits from it for years after the sailors have gone home. John Wight said the worlds most prestigious sailing competition. .. Swiss Re sees severe weather risk rising <img src="/storyimage/RG/20150327/BUSINESS04/150329772/AR/0/AR-150329772.jpg" width="100" align="left" /></a> By Raymond HaineyAn increase in storm frequency should force a fresh look at risk from severe weather, according to a new report. The Swiss Re Sigma report on 2014 said that cyclones and thunderstorms were a major cause of losses last year. And the report added Increasing exposures as a result of economic development and. .. http://www.royalgazette.com/article/20150327/BUSINESS04/150329772&source=RSS Thu, 26 Mar 2015 23:58:00 GMT http://www.royalgazette.com/article/20150327/BUSINESS04/150329772&source=RSS <img src="/storyimage/RG/20150327/BUSINESS04/150329772/AR/0/AR-150329772.jpg" width="100" align="left" class="main-image" /></a> By Raymond HaineyAn increase in storm frequency should force a fresh look at risk from severe weather, according to a new report. The Swiss Re Sigma report on 2014 said that cyclones and thunderstorms were a major cause of losses last year. And the report added Increasing exposures as a result of economic development and. .. Registering a pleasure yacht in Bermuda <img src="/storyimage/RG/20150327/BUSINESS/150329773/AR/0/AR-150329773.jpg" width="100" align="left" /></a> With the temperature rising, many of us begin thinking of the beautiful waters of Bermuda and in particular, ensuring that our water vessels are in good working order for the upcoming summer days. Boat owners should first ensure that the registration of your vessel is up-to-date. For most people, that will only mean making a quick stop by. .. http://www.royalgazette.com/article/20150327/BUSINESS/150329773&source=RSS Thu, 26 Mar 2015 23:57:00 GMT http://www.royalgazette.com/article/20150327/BUSINESS/150329773&source=RSS <img src="/storyimage/RG/20150327/BUSINESS/150329773/AR/0/AR-150329773.jpg" width="100" align="left" class="main-image" /></a> With the temperature rising, many of us begin thinking of the beautiful waters of Bermuda and in particular, ensuring that our water vessels are in good working order for the upcoming summer days. Boat owners should first ensure that the registration of your vessel is up-to-date. For most people, that will only mean making a quick stop by. .. Telford named MD at Tuckers Point <img src="/storyimage/RG/20150327/BUSINESS03/150329774/AR/0/AR-150329774.jpg" width="100" align="left" /></a> Bermudian Paul Telford has been appointed managing director at the luxury Rosewood Tuckers Point resort. Mr Telford moves up from his present post as resort manager, a job he had held for two years, with a total of seven years at the St Georges Parish hotel. He said I am beyond proud and humbled to be given the opportunity to. .. http://www.royalgazette.com/article/20150327/BUSINESS03/150329774&source=RSS Thu, 26 Mar 2015 23:56:00 GMT http://www.royalgazette.com/article/20150327/BUSINESS03/150329774&source=RSS <img src="/storyimage/RG/20150327/BUSINESS03/150329774/AR/0/AR-150329774.jpg" width="100" align="left" class="main-image" /></a> Bermudian Paul Telford has been appointed managing director at the luxury Rosewood Tuckers Point resort. Mr Telford moves up from his present post as resort manager, a job he had held for two years, with a total of seven years at the St Georges Parish hotel. He said I am beyond proud and humbled to be given the opportunity to. .. Biochemcials stocks pay off for Bankrupters <img src="/storyimage/RG/20150327/BUSINESS/150329775/AR/0/AR-150329775.jpg" width="100" align="left" /></a> A Saltus Grammar School team is close to a podium spot in the KPMG Investment Challenge. But the Bermuda Bankrupters fourth place is still outperforming the two other Saltus teams, who are propping up the table in 19th and 20th places. Saltus accounting and maths teacher Kalpana Gangwani, who mentors the teams, said Bermuda. .. http://www.royalgazette.com/article/20150327/BUSINESS/150329775&source=RSS Thu, 26 Mar 2015 23:55:00 GMT http://www.royalgazette.com/article/20150327/BUSINESS/150329775&source=RSS <img src="/storyimage/RG/20150327/BUSINESS/150329775/AR/0/AR-150329775.jpg" width="100" align="left" class="main-image" /></a> A Saltus Grammar School team is close to a podium spot in the KPMG Investment Challenge. But the Bermuda Bankrupters fourth place is still outperforming the two other Saltus teams, who are propping up the table in 19th and 20th places. Saltus accounting and maths teacher Kalpana Gangwani, who mentors the teams, said Bermuda. .. Duff joins Northstar sales team A Bermuda-based insurer has appointed a new senior vice-president. Northstar Financial Services has signed up Stephen Duff to join its sales team. Edward Horner, Northstar chief marketing officer for Northstar, said Were delighted to welcome Stephen to the team. His impressive track record of driving sales of offshore. .. http://www.royalgazette.com/article/20150327/BUSINESS04/150329777&source=RSS Thu, 26 Mar 2015 22:27:00 GMT http://www.royalgazette.com/article/20150327/BUSINESS04/150329777&source=RSS A Bermuda-based insurer has appointed a new senior vice-president. Northstar Financial Services has signed up Stephen Duff to join its sales team. Edward Horner, Northstar chief marketing officer for Northstar, said Were delighted to welcome Stephen to the team. His impressive track record of driving sales of offshore. .. BSX holds steady There was just one trade on Bermuda Stock Exchange today. A total of 600 shares in communications firm KeyTech changed hands, leaving its price unchanged at 3. 20. The Royal GazetteBSX Index closed unchanged at 1,348. 85 and the Bermuda Insurance Index closed 5. 5 points 0. 36 per cent down at 1,542. 11. http://www.royalgazette.com/article/20150326/BUSINESS06/150329778&source=RSS Thu, 26 Mar 2015 22:25:00 GMT http://www.royalgazette.com/article/20150326/BUSINESS06/150329778&source=RSS There was just one trade on Bermuda Stock Exchange today. A total of 600 shares in communications firm KeyTech changed hands, leaving its price unchanged at 3. 20. The Royal GazetteBSX Index closed unchanged at 1,348. 85 and the Bermuda Insurance Index closed 5. 5 points 0. 36 per cent down at 1,542. 11. Realty firm founder upbeat for the long term <img src="/storyimage/RG/20150326/BUSINESS03/150329806/AR/0/AR-150329806.jpg" width="100" align="left" /></a> A new player in the real estate industry is aiming high with ambitions of founding a family property dynasty. Ambika Scott, 36, launched her own Moongate Realty after several years in real estate with other companies. And now shes looking forward to an economic recovery and better times ahead and perhaps her 13-year-old son. .. http://www.royalgazette.com/article/20150326/BUSINESS03/150329806&source=RSS Wed, 25 Mar 2015 23:43:00 GMT http://www.royalgazette.com/article/20150326/BUSINESS03/150329806&source=RSS <img src="/storyimage/RG/20150326/BUSINESS03/150329806/AR/0/AR-150329806.jpg" width="100" align="left" class="main-image" /></a> A new player in the real estate industry is aiming high with ambitions of founding a family property dynasty. Ambika Scott, 36, launched her own Moongate Realty after several years in real estate with other companies. And now shes looking forward to an economic recovery and better times ahead and perhaps her 13-year-old son. .. Lighthouse restaurant ready to reopen <img src="/storyimage/RG/20150326/BUSINESS03/150329808/AR/0/AR-150329808.jpg" width="100" align="left" /></a> A beacon of fine dining is set to shine again from tomorrow. For the Dining Room at Gibbs Hill Lighthouse in Southampton is to reopen tonight after severe damage caused by Hurricane Gonzalo last October. And Odilio Angeli, boss of Dining Bermuda, which also includes Rustico in Flatts and Gulfstream on South Shore Road, said the. .. http://www.royalgazette.com/article/20150326/BUSINESS03/150329808&source=RSS Wed, 25 Mar 2015 23:43:00 GMT http://www.royalgazette.com/article/20150326/BUSINESS03/150329808&source=RSS <img src="/storyimage/RG/20150326/BUSINESS03/150329808/AR/0/AR-150329808.jpg" width="100" align="left" class="main-image" /></a> A beacon of fine dining is set to shine again from tomorrow. For the Dining Room at Gibbs Hill Lighthouse in Southampton is to reopen tonight after severe damage caused by Hurricane Gonzalo last October. And Odilio Angeli, boss of Dining Bermuda, which also includes Rustico in Flatts and Gulfstream on South Shore Road, said the. .. Fredriksen seeks to capitalise on oil crash <img src="/storyimage/RG/20150326/BUSINESS02/150329809/AR/0/AR-150329809.jpg" width="100" align="left" /></a> OSLO Bloomberg Billionaire John Fredriksen has sailed through troubled waters before. This time, he plans to make the most of a brutal downturn in offshore drilling amid a slump in oil prices and a glut of new rigs. Bermuda-based Seadrill Ltd said last month that the rig company 24 per cent owned by Fredriksen is ready to acquire. .. http://www.royalgazette.com/article/20150326/BUSINESS02/150329809&source=RSS Wed, 25 Mar 2015 23:34:00 GMT http://www.royalgazette.com/article/20150326/BUSINESS02/150329809&source=RSS <img src="/storyimage/RG/20150326/BUSINESS02/150329809/AR/0/AR-150329809.jpg" width="100" align="left" class="main-image" /></a> OSLO Bloomberg Billionaire John Fredriksen has sailed through troubled waters before. This time, he plans to make the most of a brutal downturn in offshore drilling amid a slump in oil prices and a glut of new rigs. Bermuda-based Seadrill Ltd said last month that the rig company 24 per cent owned by Fredriksen is ready to acquire. .. KeyTech shares fall 20 Telecommunications firm KeyTech was the biggest loser on the Bermuda Stock Exchange today. KeyTechs share price fell 80 cents 20 per cent to 3. 20 after 6,100 shares changed hands. Yesterday the company reported a six-month net loss of nearly 20 million. The other trade saw Bermuda Aviation Services rise one cent 0. 3 per cent. .. http://www.royalgazette.com/article/20150325/BUSINESS06/150329813&source=RSS Wed, 25 Mar 2015 23:04:00 GMT http://www.royalgazette.com/article/20150325/BUSINESS06/150329813&source=RSS Telecommunications firm KeyTech was the biggest loser on the Bermuda Stock Exchange today. KeyTechs share price fell 80 cents 20 per cent to 3. 20 after 6,100 shares changed hands. Yesterday the company reported a six-month net loss of nearly 20 million. The other trade saw Bermuda Aviation Services rise one cent 0. 3 per cent. .. Island well placed to be cyber risk centre <img src="/storyimage/RG/20150325/BUSINESS04/150329847/AR/0/AR-150329847.jpg" width="100" align="left" /></a> Bermuda could carve out a huge chunk of a new market for cyber insurance, experts said yesterday. They were speaking after the UK government issued a report on joint initiatives with the insurance sector to tackle cyber risk and make the UK a world centre for cyber security insurance. But KPMG Bermuda director Tom Kelly said that. .. http://www.royalgazette.com/article/20150325/BUSINESS04/150329847&source=RSS Wed, 25 Mar 2015 16:17:00 GMT http://www.royalgazette.com/article/20150325/BUSINESS04/150329847&source=RSS <img src="/storyimage/RG/20150325/BUSINESS04/150329847/AR/0/AR-150329847.jpg" width="100" align="left" class="main-image" /></a> Bermuda could carve out a huge chunk of a new market for cyber insurance, experts said yesterday. They were speaking after the UK government issued a report on joint initiatives with the insurance sector to tackle cyber risk and make the UK a world centre for cyber security insurance. But KPMG Bermuda director Tom Kelly said that. ..