1610 results returned for search: "" category "Business" author David Fox, Business Editor
The Bermuda banking industry is at the infancy stage with regards to warehousing data on customer needs and behaviours, a KPMG banking survey has reported.
The survey noted that chief executive officers (CEO) of Bermuda’s banks were aware that the in...
DATE: Jul 21, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
Bermuda bankers are pessimistic about maintaining historic levels of profitability and return on equity in a market of weak demand, low interest rates, increased capital costs and increased capital requirements.
But they have opted for a strong defen...
DATE: Jul 19, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
Investors will soon have an opportunity to ride the star of top Bermudian insurance executive, Brian Duperreault and his latest corporate venture.
The Hamilton Insurance Group may go public as early as next year, as the company continues to swiftly b...
DATE: Jul 18, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
David Fox, Business Editor
Bermuda’s newest nightclub has an “old school” name, and an updated version of the go-go girls from the 1970s nightclub scene.
But it may be another sign that Bermuda businesses have confidence in an impending economic recovery.
The club’s owners ar...
DATE: Jul 17, 2014
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
Clarien remained the most heavily invested of Bermuda’s banks in loans to customers at 77 percent of assets, according to the 2014 KPMG in Bermuda Banking Survey, which is out today.
The report contains the results of KPMG’s annual survey and analysi...
DATE: Jul 17, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
Future hospital rates will phase out the distinction between public or private hospital rooms and insurers may have to abandon charging a premium difference.
Hospital patients using the new acute care wing of King Edward VII Memorial Hospital will al...
DATE: Jul 16, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
An American Charity has been formed to raise funds to support King Edward VII Memorial Hospital — a fund supported by former New York Mayor Michael Bloomberg and led by a former Bermuda insurance executive, Jerry de St Paer, who worked for XL Capital...
DATE: Jul 16, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
Morgan’s Point owners are in a race against time to complete the first phase of development by the end of 2016, with their fingers crossed at the possibility for an America’s Cup in the Great Sound in the summer of 2017.
The significant building proj...
DATE: Jul 15, 2014
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
American legislators are searching for tools to garner more corporate tax revenue and have a slew of measures before them seeking to curb corporate inversions.
Surprisingly, while US corporations have been choosing European countries as new homes, a ...
DATE: Jul 14, 2014
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CATEGORY:
International Business
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AUTHOR:
David Fox, Business Editor
There was clear evidence this week that a deal has been done to complete the sale of the Newstead Belmont Hills Golf Resort Property, after three years of receivership.
In fact, it would appear that there has been sudden and substantial movement, sin...
DATE: Jul 11, 2014
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CATEGORY:
Local Business
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AUTHOR:
David Fox, Business Editor
