Business http://www.royalgazette.com Business en-us Why does my money seem to disappear? Dear Dave,Ive worked in a hospital for ten years. I make good money working long hours. The problem is that it seems to disappear, and Im left trying to stretch those last few dollars to the end of the month. I know I eat out a lot. I grab quick meals between shifts and on the way home because Im too tired to cook. I think I spend. .. http://www.royalgazette.com/article/20150829/BUSINESS08/150829680&source=RSS Fri, 28 Aug 2015 23:00:00 GMT http://www.royalgazette.com/article/20150829/BUSINESS08/150829680&source=RSS Devonshire shares lose half of value Shares of paint firm Devonshire Industries lost nearly half their value on a busy day of trading on the Bermuda Stock Exchange today. Devonshire, which owns Bermuda Paint, fell by 2. 99 49. 8 per cent to a two-year low of 3. 01 on the trading of 1,500 shares. Overall a total of 169,954 shares worth 391,596 traded on the. .. http://www.royalgazette.com/article/20150828/BUSINESS06/150829682&source=RSS Fri, 28 Aug 2015 22:21:00 GMT http://www.royalgazette.com/article/20150828/BUSINESS06/150829682&source=RSS Clarien upgrades debit cards Clarien Bank has launched new hi-tech debit cards. In a partnership with MasterCard, the bank has introduced industry standard EMVchip technology. The new cards also include MasterCard PayPass, a contactless tap-and-pay service and are also claimed to be more secure than old-style cards. A spokesman for the bank said The. .. http://www.royalgazette.com/article/20150828/BUSINESS03/150829721&source=RSS Fri, 28 Aug 2015 17:13:00 GMT http://www.royalgazette.com/article/20150828/BUSINESS03/150829721&source=RSS Turkey earthquake 100m cat bond launched A 100 million catastrophe bond to cover Turkey against earthquakes has been set up in Bermuda. Now the Turkish Catastrophe Insurance Pool TCIP plans to continue to build its relationship with the market. The Bosphorus Ltd bond provides reinsurance protection across three years on a per-occurrence basis for earthquakes in the. .. http://www.royalgazette.com/article/20150828/BUSINESS04/150829722&source=RSS Fri, 28 Aug 2015 00:35:00 GMT http://www.royalgazette.com/article/20150828/BUSINESS04/150829722&source=RSS SP merger trend to go into 2016 A boom in mergers and buyups in the reinsurance industry is set to continue into next year. Ratings agency Standard amp Poors said that companies would continue to combine to prow business and demands for greater scale from clients. A report by Standard amp Poors said Because organic growth is hard to come by, mergers and. .. http://www.royalgazette.com/article/20150828/BUSINESS04/150829723&source=RSS Fri, 28 Aug 2015 00:35:00 GMT http://www.royalgazette.com/article/20150828/BUSINESS04/150829723&source=RSS PartnerRe Americas most trusted Reinsurance firm PartnerRe has topped a list of Americas 50 most trustworthy financial-services companies drawn up by a prestige business magazine. Insurer and reinsurer Axis, which came fifth on the list, also featured in last years top 50. The Forbes list, which concentrates exclusively on banks and insurance companies, rates. .. http://www.royalgazette.com/article/20150828/BUSINESS04/150829724&source=RSS Fri, 28 Aug 2015 00:31:00 GMT http://www.royalgazette.com/article/20150828/BUSINESS04/150829724&source=RSS Pension reform can Bermuda learn from others? Most Caribbean jurisdictions have public sector defined benefit DB pension schemes that are fully financed by their governments. As with those Caribbean jurisdictions, the sustainability of Bermudas public sector pension plan, which operates on the same basis, is now under diligent review. Like the Caribbean, most of Canadas public. .. http://www.royalgazette.com/article/20150828/BUSINESS/150829726&source=RSS Fri, 28 Aug 2015 00:28:00 GMT http://www.royalgazette.com/article/20150828/BUSINESS/150829726&source=RSS BSX closes unchanged The Royal GazetteBSX Index today closed unchanged at 1,184. 44. The sole trade on the Bermuda Stock Exchange was 102 Bank of Butterfield shares, which left its price unchanged at 1. 70. The BSX Insurance Index ended the day up 28. 41 points 1. 84 per cent at 1,570. 04. http://www.royalgazette.com/article/20150827/BUSINESS06/150829727&source=RSS Thu, 27 Aug 2015 21:49:00 GMT http://www.royalgazette.com/article/20150827/BUSINESS06/150829727&source=RSS Blue Capital issues half-year report Blue Capital Global Reinsurance Fund Ltd saw the net asset value of its ordinary shares increase by 1. 9 per cent in the first half of this year, after accounting for dividends declared. The company had 212. 9 million invested in Blue Capital Global Reinsurance as of the end of June. That represents all the companys capital, excluding. .. http://www.royalgazette.com/article/20150827/BUSINESS04/150829754&source=RSS Thu, 27 Aug 2015 00:50:00 GMT http://www.royalgazette.com/article/20150827/BUSINESS04/150829754&source=RSS Ice cream sellers seeing summer uptick As temperatures rise, so do sales of ice cream, but this summer is proving to be an exceptionally busy one for ice cream sellers. On some days the sheer number of tourists outside the Meltdown Ice Cream kiosk seeking a cool treat has resulted in queues filling much of Old Cellar Lane, which leads off from Front Street. Meanwhile,. .. http://www.royalgazette.com/article/20150827/BUSINESS03/150829755&source=RSS Thu, 27 Aug 2015 00:49:00 GMT http://www.royalgazette.com/article/20150827/BUSINESS03/150829755&source=RSS DC names Bermuda on tax haven list Bermuda has been named on a list of 39 tax havens by the District of Columbia in the US. The Island is joined on the list by other offshore centres like the Cayman Islands, Jersey, the British Virgin Islands, the Bahamas and the Isle of Man. The change in the Districts Budget Support Act was signed by the Mayor earlier this month. .. http://www.royalgazette.com/article/20150827/BUSINESS/150829756&source=RSS Thu, 27 Aug 2015 00:49:00 GMT http://www.royalgazette.com/article/20150827/BUSINESS/150829756&source=RSS Sales increase hailed as sign of confidence An upward trend in sales receipts for retailers sharpened further in June, and has been hailed as a positive shift in consumer confidence. The retail sales index notched up an eleventh consecutive month of improvement, year-on-year, in June. It rose 7. 1 per cent compared to the corresponding month in 2014. Once adjusted for the. .. http://www.royalgazette.com/article/20150827/BUSINESS01/150829757&source=RSS Thu, 27 Aug 2015 00:49:00 GMT http://www.royalgazette.com/article/20150827/BUSINESS01/150829757&source=RSS KeyTech shares fall 13.8 A total of 10,500 shares worth 27,110 traded on The Royal GazetteBSX Index. Telecommunications firm KeyTech was down 40 cents 13. 8 per cent to 2. 50 after 9,200 of its shares moved. The Bank of Butterfield saw 1,100 shares change hands, moving its price up two cents 1. 2 per cent at 1. 70. And insurance firm Argus was. .. http://www.royalgazette.com/article/20150826/BUSINESS06/150829758&source=RSS Thu, 27 Aug 2015 00:05:00 GMT http://www.royalgazette.com/article/20150826/BUSINESS06/150829758&source=RSS Investment experts urge calm amid stocks plunge Keep calm and stick to your investment plan. That was the advice from two leading Bermuda investment professionals yesterday, as more wild swings on Wall Street ended in a sixth successive down day. Robert Pires, chief executive officer of BIAS, and Nathan Kowalski, chief financial officer of Anchor Investment Management Ltd,. .. http://www.royalgazette.com/article/20150826/BUSINESS/150829770&source=RSS Wed, 26 Aug 2015 13:32:00 GMT http://www.royalgazette.com/article/20150826/BUSINESS/150829770&source=RSS Fitch cat bonds will catch on in Asia Fitch Ratings believes that the emerging trend of catastrophe bond issuance will catch on in the Asia-Pacific region, particularly for catastrophe-prone markets such as Japan and China. It said this was likely as the region steps up efforts to strengthen resilience to disasters, coupled with the fact that insurers are looking for. .. http://www.royalgazette.com/article/20150826/BUSINESS04/150829799&source=RSS Wed, 26 Aug 2015 01:07:00 GMT http://www.royalgazette.com/article/20150826/BUSINESS04/150829799&source=RSS