2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
The UK Chancellor of the Exchequer has launched a fresh crackdown on tax avoidance and tax cheats.
George Osborne beefed up the UK tax authority, HM Revenue and Customs (HMRC), with an extra $1.29 billion million over five years to track down tax eva...
DATE: Jul 09, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Telecoms firm KeyTech has launched a bid to take full control of TV provider CableVision.
KeyTech subsidiary Wansunt, the majority shareholder in CableVision, is bidding for 100 per cent ownership of its shares with an offer of $13 per share to minor...
DATE: Jul 09, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Consumers paid 1.2 per cent more for goods and services in May than they did at the same time the previous year.
But the consumer price index dropped 0.2 per cent between April and May — despite an 8.5 per cent jump in the cost of healthcare.
Governm...
DATE: Jul 09, 2015
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of nearly $17.5 billion in catastrophe bonds and insurance-linked securities (ILS) is listed on the Bermuda Stock Exchange.
A spokesman for the exchange said the Island was home to more than two-thirds of global cat bonds.
He added: “The Berm...
DATE: Jul 08, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Italian investment group Exor yesterday pledged to make reinsurance firm PartnerRe bigger if it successful in its $6.8 billion takeover bid.
The firm’s chairman and CEO John Elkann said: “We are business builders. If you look at our history, we have ...
DATE: Jul 08, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Italian investment giant Exor has petitioned employees at takeover target PartnerRe to back its bid for the company.
Exor has written to workers at the Pembroke-based company who are also shareholders asking them to vote against a rival bid by Axis, ...
DATE: Jul 07, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A ground-breaking Bermuda-based African catastrophe insurance pool has been praised by the leaders of the G7 group of industrialised nations.
The news came as the African Risk Capacity (ARC) pool is set to add five more nations, bringing the total to...
DATE: Jul 07, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s only microbrewery has been named in a top ten list in America’s biggest-selling print newspaper.
The Dockyard Brewing Company, attached to the Frog & Onion pub, was singled out in USA Today’s list of the best Caribbean beers and breweries.
...
DATE: Jul 07, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bank of Butterfield shares dropped two cents to $1.68 on The Royal Gazette/BSX.
The 1.2 per drop came after 34,714 shares in the bank changed hands.
Shares in insurance firm Argus were unchanged at $3.99 after 1,300 shares were exchanged.
And utiliti...
DATE: Jul 07, 2015
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Raymond Hainey, Assistant News Editor
A partnership deal has helped clothes designer Dean Williams cut out a new niche in the fashion world.
Mr Williams teamed up with alterations specialist Rene Hill to share a workspace and a staff member in Hamilton House on Queen Street.
And he said ...
DATE: Jul 06, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
