1110 results returned for search: "" category ("Other" AND "Other") author David Fox, Business Editor
There was evidence of a Bermuda economy still in flux from the economic recession this week, as confirmation came that the Bermuda money supply this Cup Match holiday was at a seven-year low.
The news came during Bermuda tourism’s high season, and at...
DATE: Jul 31, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
The cost of healthcare in Bermuda is one of the highest in the world relative to economic output, according to the latest figures.
The National Health Accounts Report 2013 also indicates a rising tide of uninsured Bermudians.
And although Bermuda spe...
DATE: Jul 23, 2014
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CATEGORY:
Other
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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
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
The World Bank has issued its first catastrophe bond — a $30-million deal providing reinsurance protection to an earthquake and hurricane insurance fund, whose beneficiaries are Bermuda and 15 Caribbean governments.
All 16 countries are signatories t...
DATE: Jul 10, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
A Maryland state pressure group opposed to the installation of smart meter technology has urged Bermudians to lobby the authorities to stop it from happening here.
Bermuda’s electricity supplier BELCO has proposed installing smart meters in every hom...
DATE: Jul 05, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
The electricity utility could face a surge of opposition to controversial plans to install smart meter units in every Bermuda home — if experience elsewhere is anything to go by.
Smart meter installations are one of the first things that Belco plans ...
DATE: Jul 04, 2014
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CATEGORY:
Other
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AUTHOR:
David Fox, Business Editor
