2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Bermuda’s real estate market is bouncing back, according to the Island’s biggest real estate firm.
Coldwell Banker said its sales of homes had jumped 44 per cent in the first six months of the year compared to the same period in 2014.
And rental tran...
DATE: Jul 23, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The team at drinks firm Gosling’s is ready to field around half-a-million bottles of beer for Cup Match.
Staff at the firm started preparing for the event five months ago — and now the beer, together with thousands of bottles of their own signature B...
DATE: Jul 23, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Would-be merger partners Axis Capital and PartnerRe yesterday said their deal was better than a rival bid for PartnerRe by Italian investment giant Exor.
A joint statement by the two Bermuda-based companies said that their $11 billion all-share trans...
DATE: Jul 23, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The board of takeover target PartnerRe yesterday did a U-turn and admitted an improved bid by Italian investment firm Exor was likely to be a “superior proposal” to its merger plan with Axis Capital.
The Bermuda-based insurer said it was prepared to ...
DATE: Jul 22, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance giant Ace yesterday posted operating income of $788 million for the second quarter of the year.
The firm said that was equivalent to $2.40 a share — above the consensus analyst forecast of $2.29 a share.
Ace added its net income rose 21 per...
DATE: Jul 22, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The America’s Cup is to be shown in China after a ground-breaking deal between event organisers and a Chinese sports channel.
CCTV Sports and Entertainment has acquired exclusive rights to broadcast all stages of the America’s Cup, giving the world’s...
DATE: Jul 21, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A management buyout of an arm of top offshore law firm Appleby is to go ahead, the firm has confirmed.
The move means the fiduciary and administration business, which has more than 320 staff, part of which is Bermuda-based, will be spun off in a deal...
DATE: Jul 21, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s insurance industry has awarded a massive $445,000 in scholarship funds.
The latest round of Bermuda Foundation for Insurance Studies awards to 12 Island students brings the total funding of new and current scholars to $708,000 for 26 studen...
DATE: Jul 21, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
An international companies umbrella group is to unveil its 38th annual scholarship winners on Wednesday.
Previous winners have lined up to praise the Association of Bermuda International Companies’ (ABIC) long-running scheme for helping them to get a...
DATE: Jul 20, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
New legislation is set to boost the Island’s attractiveness to outside investment.
The Bermuda Business Development Agency (BDA) said amendments to the Investment Business Act tabled in the House of Assembly last Friday was a “collaborative effort” b...
DATE: Jul 20, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
