Business http://www.royalgazette.com Business en-us BSX closes unchanged The Royal GazetteBSX Index remained unchanged at 1,364. 08 after a quiet day that saw only 2,669 shares of Butterfield Bank traded. The banks shares closed unchanged at 1. 99. The BSX Insurance Index closed up 9. 15 points 0. 60 per cent at 1,526. 09. http://www.royalgazette.com/article/20150129/BUSINESS06/150129661&source=RSS Thu, 29 Jan 2015 22:43:00 GMT http://www.royalgazette.com/article/20150129/BUSINESS06/150129661&source=RSS The Royal GazetteBSX Index remained unchanged at 1,364. 08 after a quiet day that saw only 2,669 shares of Butterfield Bank traded. The banks shares closed unchanged at 1. 99. The BSX Insurance Index closed up 9. 15 points 0. 60 per cent at 1,526. 09. Boardroom with a view <img src="/storyimage/RG/20150129/BUSINESS/150129697/AR/0/AR-150129697.jpg" width="100" align="left" /></a> Its a tantalising prospect for any CEO or corporate executive the opportunity to escape to the beach after a long day spent in meeting rooms or at a conference. It is made all the more compelling when described by Elbow Beach Bermudas Heather Lamb. We have board of directors meetings here. They come to Bermuda in private jets. .. http://www.royalgazette.com/article/20150129/BUSINESS/150129697&source=RSS Thu, 29 Jan 2015 02:06:00 GMT http://www.royalgazette.com/article/20150129/BUSINESS/150129697&source=RSS <img src="/storyimage/RG/20150129/BUSINESS/150129697/AR/0/AR-150129697.jpg" width="100" align="left" class="main-image" /></a> Its a tantalising prospect for any CEO or corporate executive the opportunity to escape to the beach after a long day spent in meeting rooms or at a conference. It is made all the more compelling when described by Elbow Beach Bermudas Heather Lamb. We have board of directors meetings here. They come to Bermuda in private jets. .. BSX boss sees rivals targeting ILS business <img src="/storyimage/RG/20150129/BUSINESS04/150129698/AR/0/AR-150129698.jpg" width="100" align="left" /></a> Bermuda faces strong competition for lucrative insurance-linked securities business, the Islands stock exchange chief warned yesterday. Greg Wojciechowski, president and CEO of the Bermuda Stock Exchange BSX said that established rivals like the Caymans, Guernsey and the Republic of Ireland had been joined by newcomers Malta, Gibraltar. .. http://www.royalgazette.com/article/20150129/BUSINESS04/150129698&source=RSS Thu, 29 Jan 2015 02:04:00 GMT http://www.royalgazette.com/article/20150129/BUSINESS04/150129698&source=RSS <img src="/storyimage/RG/20150129/BUSINESS04/150129698/AR/0/AR-150129698.jpg" width="100" align="left" class="main-image" /></a> Bermuda faces strong competition for lucrative insurance-linked securities business, the Islands stock exchange chief warned yesterday. Greg Wojciechowski, president and CEO of the Bermuda Stock Exchange BSX said that established rivals like the Caymans, Guernsey and the Republic of Ireland had been joined by newcomers Malta, Gibraltar. .. Enstar completes 218m Companion deal <img src="/storyimage/RG/20150129/BUSINESS04/150129699/AR/0/AR-150129699.jpg" width="100" align="left" /></a> Bermuda-based Enstar Group Ltd has completed the acquisition of Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. Enstar, a specialist in acquiring and managing insurers that have stopped writing new business, said the deal was worth 218 million. The Queen Street-based company. .. http://www.royalgazette.com/article/20150129/BUSINESS04/150129699&source=RSS Thu, 29 Jan 2015 02:03:00 GMT http://www.royalgazette.com/article/20150129/BUSINESS04/150129699&source=RSS <img src="/storyimage/RG/20150129/BUSINESS04/150129699/AR/0/AR-150129699.jpg" width="100" align="left" class="main-image" /></a> Bermuda-based Enstar Group Ltd has completed the acquisition of Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. Enstar, a specialist in acquiring and managing insurers that have stopped writing new business, said the deal was worth 218 million. The Queen Street-based company. .. Suits on our shores consolidations <img src="/storyimage/RG/20150129/BUSINESS/150129700/AR/0/AR-150129700.jpg" width="100" align="left" /></a> In the popular television series Suits, Harvey Specter plays the role of a well-honed corporate attorney who, from time to time, carries out mergers and acquisitions MampA with aplomb. Although these portrayals of MampA transactions are somewhat romanticised for the benefit of the viewer, mergers and acquisitions are an important. .. http://www.royalgazette.com/article/20150129/BUSINESS/150129700&source=RSS Thu, 29 Jan 2015 01:10:00 GMT http://www.royalgazette.com/article/20150129/BUSINESS/150129700&source=RSS <img src="/storyimage/RG/20150129/BUSINESS/150129700/AR/0/AR-150129700.jpg" width="100" align="left" class="main-image" /></a> In the popular television series Suits, Harvey Specter plays the role of a well-honed corporate attorney who, from time to time, carries out mergers and acquisitions MampA with aplomb. Although these portrayals of MampA transactions are somewhat romanticised for the benefit of the viewer, mergers and acquisitions are an important. .. BAS shares climb 3.2 Bermuda Aviation Services Ltd was the sole gainer in Bermuda Stock Exchange trading today. BAS climbed eight cents, or 3. 2 per cent, on the trading of 5,000 shares, to close on 2. 61. Butterfield Bank, which closed unchanged on 1. 99 as 1,000 shares changed hands, was the only other stock to trade. The Royal GazetteBSX Index. .. http://www.royalgazette.com/article/20150128/BUSINESS06/150129702&source=RSS Wed, 28 Jan 2015 22:50:00 GMT http://www.royalgazette.com/article/20150128/BUSINESS06/150129702&source=RSS Bermuda Aviation Services Ltd was the sole gainer in Bermuda Stock Exchange trading today. BAS climbed eight cents, or 3. 2 per cent, on the trading of 5,000 shares, to close on 2. 61. Butterfield Bank, which closed unchanged on 1. 99 as 1,000 shares changed hands, was the only other stock to trade. The Royal GazetteBSX Index. .. Strong dollar impacts Aces results <img src="/storyimage/RG/20150128/BUSINESS04/150129721/AR/0/AR-150129721.jpg" width="100" align="left" /></a> Global insurer Ace Ltd last night reported record full-year operating earnings of 3. 3 billion. But the strength of the US dollar had a negative impact on the growth of premium revenues and book value per share, chief executive officer Evan Greenberg said. Operating income for the fourth quarter for the Switzerland-based company. .. http://www.royalgazette.com/article/20150128/BUSINESS04/150129721&source=RSS Wed, 28 Jan 2015 00:16:00 GMT http://www.royalgazette.com/article/20150128/BUSINESS04/150129721&source=RSS <img src="/storyimage/RG/20150128/BUSINESS04/150129721/AR/0/AR-150129721.jpg" width="100" align="left" class="main-image" /></a> Global insurer Ace Ltd last night reported record full-year operating earnings of 3. 3 billion. But the strength of the US dollar had a negative impact on the growth of premium revenues and book value per share, chief executive officer Evan Greenberg said. Operating income for the fourth quarter for the Switzerland-based company. .. CellOne contests loss of spectrum <img src="/storyimage/RG/20150128/BUSINESS03/150129722/AR/0/AR-150129722.jpg" width="100" align="left" /></a> Telecoms firm CellOne has gone to court in a bid to block a move by regulators to strip it of a chunk of the airwaves. Now the firm has launched a legal bid against the Minister of Economic Development Grant Gibbons in a bid to reverse the decision by watchdogs the Regulatory Authority of Bermuda RAB. No one at CellOne was. .. http://www.royalgazette.com/article/20150128/BUSINESS03/150129722&source=RSS Wed, 28 Jan 2015 00:16:00 GMT http://www.royalgazette.com/article/20150128/BUSINESS03/150129722&source=RSS <img src="/storyimage/RG/20150128/BUSINESS03/150129722/AR/0/AR-150129722.jpg" width="100" align="left" class="main-image" /></a> Telecoms firm CellOne has gone to court in a bid to block a move by regulators to strip it of a chunk of the airwaves. Now the firm has launched a legal bid against the Minister of Economic Development Grant Gibbons in a bid to reverse the decision by watchdogs the Regulatory Authority of Bermuda RAB. No one at CellOne was. .. Bermudas Islamic insurance opportunity <img src="/storyimage/RG/20150128/BUSINESS02/150129723/AR/0/AR-150129723.jpg" width="100" align="left" /></a> It accounts for only one per cent of global assets today, but Islamic finance is growing fast and it offers an interesting alternative to the way the financial sector operates across much of the world. That was part of the message presented by Belaid Jheengoor, a Bermuda-based chartered accountant and asset management executive, when he. .. http://www.royalgazette.com/article/20150128/BUSINESS02/150129723&source=RSS Wed, 28 Jan 2015 00:15:00 GMT http://www.royalgazette.com/article/20150128/BUSINESS02/150129723&source=RSS <img src="/storyimage/RG/20150128/BUSINESS02/150129723/AR/0/AR-150129723.jpg" width="100" align="left" class="main-image" /></a> It accounts for only one per cent of global assets today, but Islamic finance is growing fast and it offers an interesting alternative to the way the financial sector operates across much of the world. That was part of the message presented by Belaid Jheengoor, a Bermuda-based chartered accountant and asset management executive, when he. .. Thriving shoe store moves into larger space <img src="/storyimage/RG/20150128/BUSINESS03/150129724/AR/0/AR-150129724.jpg" width="100" align="left" /></a> A shoe store has taken a walk from one end of Hamilton to the other. Island Sole run by two podiatrists and specialising in shoes with style and comfort has moved from Gorham Road to near the top of Victoria Street because the firm needed space to expand. The former store next door to parent firm the Bermuda Podiatry Centre. .. http://www.royalgazette.com/article/20150128/BUSINESS03/150129724&source=RSS Wed, 28 Jan 2015 00:14:00 GMT http://www.royalgazette.com/article/20150128/BUSINESS03/150129724&source=RSS <img src="/storyimage/RG/20150128/BUSINESS03/150129724/AR/0/AR-150129724.jpg" width="100" align="left" class="main-image" /></a> A shoe store has taken a walk from one end of Hamilton to the other. Island Sole run by two podiatrists and specialising in shoes with style and comfort has moved from Gorham Road to near the top of Victoria Street because the firm needed space to expand. The former store next door to parent firm the Bermuda Podiatry Centre. .. Three firms trade on BSX The Royal GazetteBSX Index was unchanged on 1,363. 73 today as the stocks of three companies traded. Butterfield Bank was unchanged on 1. 99 as 4,335 shares changed hands. KeyTech Ltd remained on 3. 75 as 4,200 shares traded and BFampM closed unchanged on 17. 75 as 700 shares were exchanged. Bermuda Stock Exchange trading volume. .. http://www.royalgazette.com/article/20150127/BUSINESS06/150129726&source=RSS Tue, 27 Jan 2015 22:35:00 GMT http://www.royalgazette.com/article/20150127/BUSINESS06/150129726&source=RSS The Royal GazetteBSX Index was unchanged on 1,363. 73 today as the stocks of three companies traded. Butterfield Bank was unchanged on 1. 99 as 4,335 shares changed hands. KeyTech Ltd remained on 3. 75 as 4,200 shares traded and BFampM closed unchanged on 17. 75 as 700 shares were exchanged. Bermuda Stock Exchange trading volume. .. Merger to lead to job losses <img src="/storyimage/RG/20150127/BUSINESS04/150129768/AR/0/AR-150129768.jpg" width="100" align="left" /></a> Job losses will likely result from the planned merger of Axis Capital Holdings Ltd and PartnerRe Ltd, said the man who will lead the new combined company. In a joint statement on Sunday night, the two companies said they had agreed to a #8220merger of equals#8221 that will create a global insurer and reinsurer with a market value of. .. http://www.royalgazette.com/article/20150127/BUSINESS04/150129768&source=RSS Tue, 27 Jan 2015 16:19:00 GMT http://www.royalgazette.com/article/20150127/BUSINESS04/150129768&source=RSS <img src="/storyimage/RG/20150127/BUSINESS04/150129768/AR/0/AR-150129768.jpg" width="100" align="left" class="main-image" /></a> Job losses will likely result from the planned merger of Axis Capital Holdings Ltd and PartnerRe Ltd, said the man who will lead the new combined company. In a joint statement on Sunday night, the two companies said they had agreed to a #8220merger of equals#8221 that will create a global insurer and reinsurer with a market value of. .. Hunger Games-inspired archery game launched <img src="/storyimage/RG/20150127/BUSINESS03/150129767/AR/0/AR-150129767.jpg" width="100" align="left" /></a> If youve ever enjoyed playing dodgeball, laser tag or paintball, then get set for the latest sporting game to arrive in Bermuda and this one features bows and arrows. Archery Tag has taken off in the United States, the UK and Asia. The young and the not-so-young have been picking up bows and foam-tipped arrows to do battle with. .. http://www.royalgazette.com/article/20150127/BUSINESS03/150129767&source=RSS Tue, 27 Jan 2015 16:18:00 GMT http://www.royalgazette.com/article/20150127/BUSINESS03/150129767&source=RSS <img src="/storyimage/RG/20150127/BUSINESS03/150129767/AR/0/AR-150129767.jpg" width="100" align="left" class="main-image" /></a> If youve ever enjoyed playing dodgeball, laser tag or paintball, then get set for the latest sporting game to arrive in Bermuda and this one features bows and arrows. Archery Tag has taken off in the United States, the UK and Asia. The young and the not-so-young have been picking up bows and foam-tipped arrows to do battle with. .. Males joins law firm Benedek Lewin <img src="/storyimage/RG/20150127/BUSINESS/150129741/AR/0/AR-150129741.jpg" width="100" align="left" /></a> Bermudian property lawyer Stephen Males has joined Hamilton law firm Benedek Lewin Limited. Mr Males took up a role as legal counsel with the firm, which has offices in Par-la-Ville Road, at the start of the month. He has previously worked in Toronto and Bermuda. Simon Benedek, senior counsel of Benedek Lewin Limited, said he was. .. http://www.royalgazette.com/article/20150127/BUSINESS/150129741&source=RSS Tue, 27 Jan 2015 16:10:00 GMT http://www.royalgazette.com/article/20150127/BUSINESS/150129741&source=RSS <img src="/storyimage/RG/20150127/BUSINESS/150129741/AR/0/AR-150129741.jpg" width="100" align="left" class="main-image" /></a> Bermudian property lawyer Stephen Males has joined Hamilton law firm Benedek Lewin Limited. Mr Males took up a role as legal counsel with the firm, which has offices in Par-la-Ville Road, at the start of the month. He has previously worked in Toronto and Bermuda. Simon Benedek, senior counsel of Benedek Lewin Limited, said he was. .. Are your retirement goals on track? <img src="/storyimage/RG/20150127/BUSINESS/150129765/AR/0/AR-150129765.jpg" width="100" align="left" /></a> Fifteen years after the implementation of compulsory pensions in Bermuda, research tells me that many of us are taking retirement funding and planning for granted and are not taking the time to revisit our current pension arrangements. Due to the mandatory nature of the National Pension Law, most of us believe that we will have sufficient. .. http://www.royalgazette.com/article/20150127/BUSINESS/150129765&source=RSS Tue, 27 Jan 2015 14:21:00 GMT http://www.royalgazette.com/article/20150127/BUSINESS/150129765&source=RSS <img src="/storyimage/RG/20150127/BUSINESS/150129765/AR/0/AR-150129765.jpg" width="100" align="left" class="main-image" /></a> Fifteen years after the implementation of compulsory pensions in Bermuda, research tells me that many of us are taking retirement funding and planning for granted and are not taking the time to revisit our current pension arrangements. Due to the mandatory nature of the National Pension Law, most of us believe that we will have sufficient. ..