6638 results returned for search: "" category "Business" author Business Staff
The RG/BSX Index closed 22.25 (0.83 per cent) points higher on Wednesday at 2,701.51, as two issues traded on the Bermuda Stock Exchange.
The Bank of Butterfield rose 86 cents (2.20 per cent) to close at $39.88 on the New York Stock Exchange.
The Ber...
DATE: Nov 10, 2021
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CATEGORY:
Local Business
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AUTHOR:
Business Staff
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of a+ (Excellent) of Bermuda-domiciled captive insurers Castle Harbour Insurance Limited and Harrington Sound Insurance Limited.
The companies...
DATE: Nov 10, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
Bermuda-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net loss of $12.8 million for the third quarter.
This compares with a net loss of $6.6 million for the three months ended September 30, 2...
DATE: Nov 10, 2021
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CATEGORY:
International Business
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AUTHOR:
Business Staff
Bermuda-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has reported net profit of $33.2 million in the third quarter as it announced preliminary financial results for the three months ended September 30.
The company repo...
DATE: Nov 10, 2021
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CATEGORY:
International Business
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AUTHOR:
Business Staff
The Somers Isles Trading Company, the retail concessionaire for Bermuda’s new air terminal at L F Wade International Airport, has won an award from the travel retail industry media group DFNI-Frontier.
Travel industry representatives attended the Fro...
DATE: Nov 10, 2021
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CATEGORY:
Local Business
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AUTHOR:
Business Staff
Balance of payments figures released by the Government show a current account surplus of $313 million in the second quarter of 2021 — a $37 million increase year over year.
The growth in the surplus reflected an increase in the inflow of currency to ...
DATE: Nov 10, 2021
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CATEGORY:
Economy
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AUTHOR:
Business Staff
Pupils Karim Creary and Kiara Wilkinson have joined the two-year legal trainee programme in the Bermuda office of international law firm Appleby.
The firm said that the programme involves completing four six-month seats in various practice groups inc...
DATE: Nov 10, 2021
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CATEGORY:
Local Business
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AUTHOR:
Business Staff
Axis Insurance, the specialty insurance business segment of Bermuda-based Axis Capital Holdings Limited, has entered the pet insurance market via its accident and health unit through a strategic relationship with managing general underwriter Petplan....
DATE: Nov 10, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff
The president of the International Cyber Threat Task Force is to be the keynote speaker at a webinar hosted by Elevate Executive Selection Bermuda Ltd, the executive search and recruitment business.
Paul Dwyer will present “Cyber Threats: Be Prepared...
DATE: Nov 10, 2021
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CATEGORY:
Local Business
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AUTHOR:
Business Staff
Arbol Inc, an insurtech platform for parametric protection products, has launched Arbol Underwriters Ltd, a registered insurance agent based in Bermuda, focused on matching reinsurance capacity with parametric insurance risks.
AUL's parent company, N...
DATE: Nov 09, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
Business Staff