Business http://www.royalgazette.com Business en-us Bermuda Press plans dividend, 1m buyback Bermuda Press Holdings Ltd plans to reinstate a quarterly dividend and buy back up to 1 million of its own shares. The company, which owns this newspaper, as well as retail, real estate and commercial printing interests, has suspended the dividend for six consecutive quarters. But its board of directors has announced a payout of. .. http://www.royalgazette.com/article/20160208/BUSINESS03/160209748&source=RSS Mon, 08 Feb 2016 22:15:00 GMT http://www.royalgazette.com/article/20160208/BUSINESS03/160209748&source=RSS Argus Group edge lower The Royal GazetteBSX Index closed at 1,219. 2, down 0. 98 points 0. 08 per cent. Argus Group shares fell five cents 1. 3 per cent to close at 3. 85 after 1,406 were traded. The BSX Insurance Index closed at 1,594. 85, down 11. 81 points 0. 74 per cent. http://www.royalgazette.com/article/20160208/BUSINESS06/160209704&source=RSS Mon, 08 Feb 2016 22:03:00 GMT http://www.royalgazette.com/article/20160208/BUSINESS06/160209704&source=RSS Argo Groups written premiums top 2 billion Argo Group International Holdings has reported a record year for underwriting income, notching up just over 2 billion in gross written premiums for 2015. That is an increase of 5. 6 per cent year-on-year. The group, which has its headquarters on Pitts Bay Road, in Hamilton, made a profit of 41. 2 million in the fourth quarter of 2015,. .. http://www.royalgazette.com/article/20160208/BUSINESS04/160209705&source=RSS Mon, 08 Feb 2016 21:54:00 GMT http://www.royalgazette.com/article/20160208/BUSINESS04/160209705&source=RSS Butterfield leads BSX lower Butterfield Bank led local stocks lower last week. The banks share price slid five cents, or 2. 8 per cent, to 1. 75 its lowest closing price since last October. During the five days of Bermuda Stock Exchange trading, 22,800 of the banks shares changed hands. Butterfields 8 per cent preference shares also dropped, dipping 8, or. .. http://www.royalgazette.com/article/20160208/BUSINESS06/160209746&source=RSS Sun, 07 Feb 2016 22:00:00 GMT http://www.royalgazette.com/article/20160208/BUSINESS06/160209746&source=RSS White Mountains book value climbs White Mountains Insurance Group yesterday posted profits of 274 million for the last quarter of 2015. The figure was up by 219. 1 million on the 54. 9 million recorded for the same quarter the previous year. The book value per share was 699, up 6. 8 per cent for the quarter and 5. 3 per cent for the year. Adding the estimated 84. .. http://www.royalgazette.com/article/20160208/BUSINESS04/160209747&source=RSS Sun, 07 Feb 2016 22:00:00 GMT http://www.royalgazette.com/article/20160208/BUSINESS04/160209747&source=RSS BCB CEO to leave bank next month The chief executive officer of the Bermuda Commercial Bank BCB is to stand down, The Royal Gazette can reveal. Peter Horton is to leave the bank at the end of March. Alan Gilbertson, chairman of the bank, one of four in Bermuda and the only specialist in corporate and private wealth clients, said On behalf of the board and staff. .. http://www.royalgazette.com/article/20160208/BUSINESS03/160209749&source=RSS Sun, 07 Feb 2016 21:57:00 GMT http://www.royalgazette.com/article/20160208/BUSINESS03/160209749&source=RSS How should you bring up finances on a date? Dear Dave,Ive been following your plan, and Ive finally got out of debt and feel I have control of my finances. Im also single, and I was wondering if you have any tips for how to gracefully mention financial topics and budgeting when youre on a date. PaulaDear Paula,Well, I dont recommend bringing it up. .. http://www.royalgazette.com/article/20160206/BUSINESS08/160209780&source=RSS Sat, 06 Feb 2016 04:17:00 GMT http://www.royalgazette.com/article/20160206/BUSINESS08/160209780&source=RSS Butterfield falls by a cent The Royal GazetteBSX Index today closed down 4. 41 points 0. 36 per cent at 1,220. 18. The Bank of Butterfield was down one cent 0. 6 per cent at 1. 75 after 5,100 shares moved. The banks preference shares fell 8 0. 7 per cent to 1,102 after 148 of them changed hands. The BSX Insurance Index ended the day down 11. 41 points. .. http://www.royalgazette.com/article/20160205/BUSINESS06/160209782&source=RSS Fri, 05 Feb 2016 22:01:00 GMT http://www.royalgazette.com/article/20160205/BUSINESS06/160209782&source=RSS Stevedoring awarded five-year docks lease Stevedoring Services Ltd SSL will continue to operate the Hamilton docks for the next five years after today signing a new lease with the Corporation of Hamilton. However, the Corporation intends to encourage competition for the right to operate the dock in future by inviting any business to bid for the job at the end of the new lease. http://www.royalgazette.com/article/20160205/BUSINESS03/160209785&source=RSS Fri, 05 Feb 2016 17:26:00 GMT http://www.royalgazette.com/article/20160205/BUSINESS03/160209785&source=RSS MMC sees strong revenue growth Marsh amp McLennan Companies MMC reported strong revenue growth in the fourth quarter of last year despite the dampening effect of the strong dollar. The New York-based company, whose holdings include insurance broker Marsh and reinsurance broker Guy Carpenter, said profit for the September through December period rose to 375 million. .. http://www.royalgazette.com/article/20160205/BUSINESS04/160209818&source=RSS Fri, 05 Feb 2016 03:43:00 GMT http://www.royalgazette.com/article/20160205/BUSINESS04/160209818&source=RSS Aspens quarterly profits surge Aspen Insurance Holdings yesterday reported profits of 117. 9 million for the final quarter of last year. The figure is equivalent to 1. 75 per share and up more than 50 million on the 67. 2 million recorded for the same period the year before. Operating income totalled 84 million, or 1. 21 per share, for the same period. That. .. http://www.royalgazette.com/article/20160205/BUSINESS04/160209819&source=RSS Fri, 05 Feb 2016 03:42:00 GMT http://www.royalgazette.com/article/20160205/BUSINESS04/160209819&source=RSS Trainees start work at BTC The first group of ten trainees hired by a telecoms firm have started work. The Digicel and BTC trainees will undergo a three-year programme designed to qualify them as technical engineers. Robin Seale, chief executive officer of Digicel and BTC, said the scheme was so important for the future of the firms he was personally involved. .. http://www.royalgazette.com/article/20160205/BUSINESS03/160209820&source=RSS Fri, 05 Feb 2016 03:45:00 GMT http://www.royalgazette.com/article/20160205/BUSINESS03/160209820&source=RSS Banks comment on fees HSBC Bermuda and Clarien both said yesterday they do not charge fees of the type introduced at the start of the year by rival Butterfield Bank. Butterfield imposed a statement imaging fee of 2 a month from the start of this year for making personal account statements available at Butterfield Online. The bank has also introduced. .. http://www.royalgazette.com/article/20160205/BUSINESS03/160209821&source=RSS Fri, 05 Feb 2016 03:43:00 GMT http://www.royalgazette.com/article/20160205/BUSINESS03/160209821&source=RSS Employment income growing especially in IB The total amount of wages and salaries earned in Bermuda in the third quarter of 2015 rose 3. 4 per cent from the same period the year before, government statistics show. More than four-fifths of the increase was attributable to one sector international business. Employment income in the July-through-September period of last year. .. http://www.royalgazette.com/article/20160205/BUSINESS01/160209822&source=RSS Thu, 04 Feb 2016 23:46:00 GMT http://www.royalgazette.com/article/20160205/BUSINESS01/160209822&source=RSS Goslings aims to strike gold Goslings appears to have struck gold with its newest product, Goslings Gold Seal rum. It is the Bermuda companys newest product, and it has been gaining fans, both locally and overseas, since it was rolled out at the start of the year. It is a spirit worthy of carrying the famous Goslings seal and name, said Malcolm Gosling,. .. http://www.royalgazette.com/article/20160205/BUSINESS03/160209823&source=RSS Fri, 05 Feb 2016 03:40:00 GMT http://www.royalgazette.com/article/20160205/BUSINESS03/160209823&source=RSS