1543 results returned for search: "" category "Business" author David Fox, Business Editor
Domestic insurer BF & M has reported a sizeable increase in first quarter earnings and raised its dividend to shareholders.
But the company downplayed the earnings jump as derived from one-off revenues, as they outlined how income was increasingly re...
DATE: Jun 18, 2014
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AUTHOR:
David Fox, Business Editor
Bermuda has again been singled out and labelled “a tax haven” by US legislators as they last week attached an amendment to US federal funding measures, seeking to block federal contracts to former American companies involved in corporate inversions.
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DATE: Jun 17, 2014
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AUTHOR:
David Fox, Business Editor
The Bermuda Commercial Bank has a new home.
The bank completed the acquisition of the city property the LP Gutteridge building on Par-la-Ville Road in Hamilton, according to a half-year earnings statement of its parent company, Somers Limited.
The Be...
DATE: Jun 17, 2014
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AUTHOR:
David Fox, Business Editor
Clarien Bank Limited has named former US Consul General to Bermuda, Gregory Slayton, to its board as an independent director.
The bank said in a statement that his appointment is consistent with Clarien’s strategy for achieving international growth a...
DATE: Jun 13, 2014
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AUTHOR:
David Fox, Business Editor
A liquid balance sheet and high capital levels has garnered the Bermuda Commercial Bank affirmation of its Long- and Short-term Issuer Default Ratings (IDRs) of ‘BBB-/F3’ and a stable rating outlook from Fitch Ratings.
It came with some concerns and ...
DATE: Jun 13, 2014
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AUTHOR:
David Fox, Business Editor
A proposal to drag Belco power generation into the 21st century could eventually cost half a billion dollars, the company said in an interview yesterday.
It would include, in one of the first stages, an ambitious multiyear plan to begin mounting sola...
DATE: Jun 13, 2014
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AUTHOR:
David Fox, Business Editor
White Mountains Insurance Group, Ltd. is entering the $15-billion a year travel insurance market in a 50/50 joint venture with DavidShield for the development, marketing and distribution of travel insurance worldwide.
The product will be based on the...
DATE: Jun 12, 2014
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AUTHOR:
David Fox, Business Editor
The Ascendant Group will soon unveil a multiyear energy plan which they say will revolutionise the Island’s power supply and begin transitioning Bermuda toward cleaner, more efficient and lower cost energy production.
Ascendant, the owner of electric...
DATE: Jun 12, 2014
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AUTHOR:
David Fox, Business Editor
Ignition Technology Group Ltd has developed a new Rapid Technology Platform to help start-up firms, including new Insurance Linked Securities (ILS) Companies, establish a ready-to-use technology environment.
An offshore financial cloud service and ma...
DATE: Jun 12, 2014
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AUTHOR:
David Fox, Business Editor
Bermuda businesses involved in export are now eligible for a market support scheme operated by UK Trade & Investment.
This was announced by Governor George Fergusson, speaking to the Chamber of Commerce yesterday.
The programme, Overseas Market Intro...
DATE: Jun 11, 2014
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AUTHOR:
David Fox, Business Editor
