1641 results returned for search: "" category "Business" author David Fox, Business Editor
Bermuda is poised to play an important global role in building resilience to climate risk, a sovereign surveillance report on the country has determined.
But the island lags in steps needed to address its own defence.
The report points to gaps in the...
DATE: Oct 19, 2021
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Bermuda was given the nod of approval by Kroll Bond Rating Agency (KBRA), affirming the island’s long-term issuer ratings and revising it from negative to stable.
The report says that the ratings were affirmed because of several key credit considerat...
DATE: Oct 15, 2021
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CATEGORY:
Business
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AUTHOR:
David Fox, Business Editor
Bermuda’s first digital bank may already be on the cards, with the Government welcoming the first formal bid.
The application submitted to the Bermuda Monetary Authority proposes a bank serving digital-asset businesses and institutions globally from ...
DATE: Oct 14, 2021
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
The Bermuda registered owner and operator of one of the world's largest land-based drilling rig fleets, is in an Algerian court today (Monday), facing a multimillion-dollar judgment — a ruling against the company that Algeria’s Supreme Court has alre...
DATE: Oct 11, 2021
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
The latest Covid-19 wave from the Delta variant will sound the death knell for certain Bermuda businesses, economic analysts have surmised, and its effects will hamper the anticipated rebound.
From the same document that theorises the under-reporting...
DATE: Oct 08, 2021
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
Bermuda’s inflation rate may be four times higher than the Government’s official Consumer Price Index, according to a Bermuda investment firm.
Anchor Investment Management also warned its investors that it expects inflation to stay at 5 per cent or ...
DATE: Oct 07, 2021
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CATEGORY:
Economy
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AUTHOR:
David Fox, Business Editor
An uptick in Dockyard business for the century-old HS & JE Crisson Ltd Jewellers comes at the end of a second forgettable year for Hamilton retail.
It also comes as the company is parting ways with a prime piece of Hamilton real estate, with its 71 F...
DATE: Oct 06, 2021
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
Bermuda’s new internet is wireless-delivered, high speed and has a faster and easier deployment using equipment that may eventually allow for higher than 10 gigabytes per second, providing a wide range of options for business.
After three years, the ...
DATE: Oct 04, 2021
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
PwC, the network of professional services firms in 155 countries, has announced a new strategy and commitment to invest in digital, diversity and ESG with a $12-billion investment over the next five years.
It will create more than 100,000 new jobs g...
DATE: Oct 04, 2021
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
Investigations into Markel CATCo Investment Management Ltd and its reported loss reserves for late 2017 and early 2018 are over.
The Markel Corporation filed an update on Thursday with the US Securities and Exchange Commission (SEC) regarding Bermuda...
DATE: Oct 04, 2021
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor