Business http://www.royalgazette.com Business en-us BSX ends day unchanged A total of 27,000 shares worth 59,860 changed hands on The Royal GazetteBSX. LOM Holdings Ltd was the biggest mover of the day, with 19,600 shares changing hands, leaving its price unchanged at 2. 25. The Bank of Butterfield was also unchanged at 1. 97 after 8,000 shares moved. The Royal GazetteBSX closed at 1,352. 06 . .. http://www.royalgazette.com/article/20150427/BUSINESS06/150429739&source=RSS Mon, 27 Apr 2015 23:21:00 GMT http://www.royalgazette.com/article/20150427/BUSINESS06/150429739&source=RSS A total of 27,000 shares worth 59,860 changed hands on The Royal GazetteBSX. LOM Holdings Ltd was the biggest mover of the day, with 19,600 shares changing hands, leaving its price unchanged at 2. 25. The Bank of Butterfield was also unchanged at 1. 97 after 8,000 shares moved. The Royal GazetteBSX closed at 1,352. 06 . .. Butterfield profits rise to 26.8 million <img src="/storyimage/RG/20150427/BUSINESS/150429741/AR/0/AR-150429741.jpg" width="100" align="left" /></a> Butterfield Bank has reported improved first quarter profits of 26. 8 million, up 3. 6 million compared to the same period last year. At the same time, the bank has announced it will buy-back 80 million shares belonging to Canadian Imperial Bank of Commerce CIBC, at a cost of 120 million, by the end of this month. Carlyle Global. .. http://www.royalgazette.com/article/20150427/BUSINESS/150429741&source=RSS Mon, 27 Apr 2015 20:12:00 GMT http://www.royalgazette.com/article/20150427/BUSINESS/150429741&source=RSS <img src="/storyimage/RG/20150427/BUSINESS/150429741/AR/0/AR-150429741.jpg" width="100" align="left" class="main-image" /></a> Butterfield Bank has reported improved first quarter profits of 26. 8 million, up 3. 6 million compared to the same period last year. At the same time, the bank has announced it will buy-back 80 million shares belonging to Canadian Imperial Bank of Commerce CIBC, at a cost of 120 million, by the end of this month. Carlyle Global. .. CIBC to sell shareholding in Butterfield Bank <img src="/storyimage/RG/20150427/BUSINESS/150429743/AR/0/AR-150429743.jpg" width="100" align="left" /></a> The fifth-biggest bank in Canada is to end its ownership stake in Butterfield Bank, five years after it was part of a rescue investment group that pumped 550 million into the bank. The news was announced this afternoon in tandem with Butterfields first quarter earnings results, which showed a profit of 26. 8 million, up 3. 6 million. .. http://www.royalgazette.com/article/20150427/BUSINESS/150429743&source=RSS Mon, 27 Apr 2015 19:47:00 GMT http://www.royalgazette.com/article/20150427/BUSINESS/150429743&source=RSS <img src="/storyimage/RG/20150427/BUSINESS/150429743/AR/0/AR-150429743.jpg" width="100" align="left" class="main-image" /></a> The fifth-biggest bank in Canada is to end its ownership stake in Butterfield Bank, five years after it was part of a rescue investment group that pumped 550 million into the bank. The news was announced this afternoon in tandem with Butterfields first quarter earnings results, which showed a profit of 26. 8 million, up 3. 6 million. .. An artful approach to investing <img src="/storyimage/RG/20150427/BUSINESS/150429789/AR/0/AR-150429789.jpg" width="100" align="left" /></a> Dipping into the world of contemporary art might not appear the most obvious avenue for diversifying your portfolio of investment assets, but it could prove rewarding in more ways than one. Aesthetically it wins hands down. A company share certificate is always going to look dull and boring next to, for instance, an Andy Warhol original. .. http://www.royalgazette.com/article/20150427/BUSINESS/150429789&source=RSS Mon, 27 Apr 2015 19:46:00 GMT http://www.royalgazette.com/article/20150427/BUSINESS/150429789&source=RSS <img src="/storyimage/RG/20150427/BUSINESS/150429789/AR/0/AR-150429789.jpg" width="100" align="left" class="main-image" /></a> Dipping into the world of contemporary art might not appear the most obvious avenue for diversifying your portfolio of investment assets, but it could prove rewarding in more ways than one. Aesthetically it wins hands down. A company share certificate is always going to look dull and boring next to, for instance, an Andy Warhol original. .. BSX ends the week lower Three stocks advanced and four declined on The Royal GazetteBSX Index last week. The Index ended the week at 1,352. 06, down 2. 58 points 0. 19 per cent. Shares of Bermuda Press Holdings went up 50 cents 7. 1 per cent to close at 7. 50 after 100 were traded. Also rising were shares of BFampM, which improved by 25 cents 1. 4 per. .. http://www.royalgazette.com/article/20150427/BUSINESS06/150429783&source=RSS Sun, 26 Apr 2015 21:52:00 GMT http://www.royalgazette.com/article/20150427/BUSINESS06/150429783&source=RSS Three stocks advanced and four declined on The Royal GazetteBSX Index last week. The Index ended the week at 1,352. 06, down 2. 58 points 0. 19 per cent. Shares of Bermuda Press Holdings went up 50 cents 7. 1 per cent to close at 7. 50 after 100 were traded. Also rising were shares of BFampM, which improved by 25 cents 1. 4 per. .. Staying sharp pays off for hair salon <img src="/storyimage/RG/20150427/BUSINESS03/150429784/AR/0/AR-150429784.jpg" width="100" align="left" /></a> A Bermuda hairdressing salon has notched up a quarter of a century. And co-owner Tony Muldoon said the secret of success was to stay sharp as scissors on the business side. Mr Muldoon, who runs the Reid Street salon with wife Pippa, said I put it down to good management my wife is very good there. Were here all the time. .. http://www.royalgazette.com/article/20150427/BUSINESS03/150429784&source=RSS Sun, 26 Apr 2015 21:52:00 GMT http://www.royalgazette.com/article/20150427/BUSINESS03/150429784&source=RSS <img src="/storyimage/RG/20150427/BUSINESS03/150429784/AR/0/AR-150429784.jpg" width="100" align="left" class="main-image" /></a> A Bermuda hairdressing salon has notched up a quarter of a century. And co-owner Tony Muldoon said the secret of success was to stay sharp as scissors on the business side. Mr Muldoon, who runs the Reid Street salon with wife Pippa, said I put it down to good management my wife is very good there. Were here all the time. .. Markel appoints co-heads for Island office <img src="/storyimage/RG/20150427/BUSINESS04/150429786/AR/0/AR-150429786.jpg" width="100" align="left" /></a> Reinsurance firm Markel has appointed co-heads of their global operation in Bermuda. Andrew Barnard and Peta White, both managing directors, will jointly run global reinsurance in the Bermuda office. Mr Barnard leads the international property and retro business and Ms White leads the North American property business. In. .. http://www.royalgazette.com/article/20150427/BUSINESS04/150429786&source=RSS Sun, 26 Apr 2015 21:50:00 GMT http://www.royalgazette.com/article/20150427/BUSINESS04/150429786&source=RSS <img src="/storyimage/RG/20150427/BUSINESS04/150429786/AR/0/AR-150429786.jpg" width="100" align="left" class="main-image" /></a> Reinsurance firm Markel has appointed co-heads of their global operation in Bermuda. Andrew Barnard and Peta White, both managing directors, will jointly run global reinsurance in the Bermuda office. Mr Barnard leads the international property and retro business and Ms White leads the North American property business. In. .. Williams reflects on Bar Council top role <img src="/storyimage/RG/20150427/BUSINESS/150429787/AR/0/AR-150429787.jpg" width="100" align="left" /></a> Bermuda Bar Council president Justin Williams is to step down after two years in the role. Mr Williams said the last two years had seen significant advances, including the introduction of conditional fees, which means failure to win a case means no fee. He added that a self-regulation anti money laundering and anti terrorist. .. http://www.royalgazette.com/article/20150427/BUSINESS/150429787&source=RSS Sun, 26 Apr 2015 21:50:00 GMT http://www.royalgazette.com/article/20150427/BUSINESS/150429787&source=RSS <img src="/storyimage/RG/20150427/BUSINESS/150429787/AR/0/AR-150429787.jpg" width="100" align="left" class="main-image" /></a> Bermuda Bar Council president Justin Williams is to step down after two years in the role. Mr Williams said the last two years had seen significant advances, including the introduction of conditional fees, which means failure to win a case means no fee. He added that a self-regulation anti money laundering and anti terrorist. .. Town seeks tour operator <img src="/storyimage/RG/20150427/BUSINESS03/150429788/AR/0/AR-150429788.jpg" width="100" align="left" /></a> A tour operator opportunity for the world heritage site of St Georges and nearby forts is up for grabs. The Bermuda Economic Development Corporation BEDC is looking for proposals from potential guides to provide transport for 90-minute tours to Gates Fort, Alexandra Battery and Fort St Catherine over the summer. The proposal. .. http://www.royalgazette.com/article/20150427/BUSINESS03/150429788&source=RSS Sun, 26 Apr 2015 21:49:00 GMT http://www.royalgazette.com/article/20150427/BUSINESS03/150429788&source=RSS <img src="/storyimage/RG/20150427/BUSINESS03/150429788/AR/0/AR-150429788.jpg" width="100" align="left" class="main-image" /></a> A tour operator opportunity for the world heritage site of St Georges and nearby forts is up for grabs. The Bermuda Economic Development Corporation BEDC is looking for proposals from potential guides to provide transport for 90-minute tours to Gates Fort, Alexandra Battery and Fort St Catherine over the summer. The proposal. .. Dont take out a loan for that car <img src="/storyimage/RG/20150425/BUSINESS/150429806/AR/0/AR-150429806.jpg" width="100" align="left" /></a> Dear Dave,My wife and I are on Baby Step 3 of your plan. Were also saving up to buy a car with cash. Were about 3,000 away from our goal, but now my wife wants to go ahead and finance the rest. She has started wondering what the difference is in borrowing to buy a car and borrowing to buy a house. LEXDear Lex,This. .. http://www.royalgazette.com/article/20150425/BUSINESS/150429806&source=RSS Fri, 24 Apr 2015 22:43:00 GMT http://www.royalgazette.com/article/20150425/BUSINESS/150429806&source=RSS <img src="/storyimage/RG/20150425/BUSINESS/150429806/AR/0/AR-150429806.jpg" width="100" align="left" class="main-image" /></a> Dear Dave,My wife and I are on Baby Step 3 of your plan. Were also saving up to buy a car with cash. Were about 3,000 away from our goal, but now my wife wants to go ahead and finance the rest. She has started wondering what the difference is in borrowing to buy a car and borrowing to buy a house. LEXDear Lex,This. .. Four stocks close lower A total of four stocks dropped on The Royal GazetteBSX Index. Bank of Butterfield preference shares stood at 1,573. 63 down 5 0. 4 per cent after five shares traded. Shares in the Bank of Butterfield were unchanged at 1. 97 after 36,326 shares sold. Ascendant Group, parent of power firm Belco, was down 35 cents 6. 5 per. .. http://www.royalgazette.com/article/20150424/BUSINESS06/150429808&source=RSS Fri, 24 Apr 2015 22:03:00 GMT http://www.royalgazette.com/article/20150424/BUSINESS06/150429808&source=RSS A total of four stocks dropped on The Royal GazetteBSX Index. Bank of Butterfield preference shares stood at 1,573. 63 down 5 0. 4 per cent after five shares traded. Shares in the Bank of Butterfield were unchanged at 1. 97 after 36,326 shares sold. Ascendant Group, parent of power firm Belco, was down 35 cents 6. 5 per. .. Island delegation prepares for RIMS Bermuda will have a strong presence at the Risk and Insurance Management Society RIMS annual conference in New Orleans next week. #8220Bermuda has always had a special relationship with RIMS, and I'm pleased to be joining my Ministerial colleagues and our insurance and business leaders at next week's conference,#8221. .. http://www.royalgazette.com/article/20150424/BUSINESS/150429846&source=RSS Fri, 24 Apr 2015 00:51:00 GMT http://www.royalgazette.com/article/20150424/BUSINESS/150429846&source=RSS Bermuda will have a strong presence at the Risk and Insurance Management Society RIMS annual conference in New Orleans next week. #8220Bermuda has always had a special relationship with RIMS, and I'm pleased to be joining my Ministerial colleagues and our insurance and business leaders at next week's conference,#8221. .. Polaris board member resigns Siobhan Lohan Rose has resigned from the Polaris board of directors. Polaris is the parent company of Stevedoring Services Ltd, the service provider at Hamilton docks. In statement, Cheryl Hayward-Chew, chairman of the board expressed appreciation to Mrs Lohan Rose for her contribution to the board over the past year. Mrs. .. http://www.royalgazette.com/article/20150424/BUSINESS03/150429847&source=RSS Fri, 24 Apr 2015 00:51:00 GMT http://www.royalgazette.com/article/20150424/BUSINESS03/150429847&source=RSS Siobhan Lohan Rose has resigned from the Polaris board of directors. Polaris is the parent company of Stevedoring Services Ltd, the service provider at Hamilton docks. In statement, Cheryl Hayward-Chew, chairman of the board expressed appreciation to Mrs Lohan Rose for her contribution to the board over the past year. Mrs. .. Appleby duo to moderate at international forum <img src="/storyimage/RG/20150424/BUSINESS/150429848/AR/0/AR-150429848.jpg" width="100" align="left" /></a> Two lawyers from Appleby are to moderate panels at a major forum on trusts. Vanessa Schrum and Keith Robinson will both officiate at the Transcontinental Trusts Bermuda Forum, to be held on the Island for the first time next week. Ms Schrum, a partner and head of the firms private client and trusts practice group, will lead a panel. .. http://www.royalgazette.com/article/20150424/BUSINESS/150429848&source=RSS Fri, 24 Apr 2015 00:51:00 GMT http://www.royalgazette.com/article/20150424/BUSINESS/150429848&source=RSS <img src="/storyimage/RG/20150424/BUSINESS/150429848/AR/0/AR-150429848.jpg" width="100" align="left" class="main-image" /></a> Two lawyers from Appleby are to moderate panels at a major forum on trusts. Vanessa Schrum and Keith Robinson will both officiate at the Transcontinental Trusts Bermuda Forum, to be held on the Island for the first time next week. Ms Schrum, a partner and head of the firms private client and trusts practice group, will lead a panel. .. Villiers to leave Aspen <img src="/storyimage/RG/20150424/BUSINESS04/150429849/AR/0/AR-150429849.jpg" width="100" align="left" /></a> The chairman of Aspen Insurance, Rupert Villiers, is to step down, the company has said. Mr Villiers, who is also president of Aspen International Insurance, will leave the company at the end of October. He will be replaced as president of international insurance by Ann Haugh, who has been with the company since 2013. She will. .. http://www.royalgazette.com/article/20150424/BUSINESS04/150429849&source=RSS Fri, 24 Apr 2015 00:51:00 GMT http://www.royalgazette.com/article/20150424/BUSINESS04/150429849&source=RSS <img src="/storyimage/RG/20150424/BUSINESS04/150429849/AR/0/AR-150429849.jpg" width="100" align="left" class="main-image" /></a> The chairman of Aspen Insurance, Rupert Villiers, is to step down, the company has said. Mr Villiers, who is also president of Aspen International Insurance, will leave the company at the end of October. He will be replaced as president of international insurance by Ann Haugh, who has been with the company since 2013. She will. ..