2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Reinsurance firm Arch is considering a $6.56 billion bid for rival firm Axis Capital, according to a UK newspaper report.
Axis is locked in a two-way tussle with Italian investment firm Exor for control of another Bermuda-based reinsurer PartnerRe.
S...
DATE: Jun 19, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Reinsurance firm PartnerRe yesterday urged its shareholders to back a merger with rival Axis Capital — and accused hostile bidder Exor of “misleading or outright false statements”.
The attack on the Italian investment firm, which launched a $6.8 bill...
DATE: Jun 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new philanthropy group for women in business will launch next week.
The new group 100 Women in Hedge Funds (100WHF) has already notched up more than 100 members and will officially launch at the Global Hedge Fund Forum, to be held at the Fairmont S...
DATE: Jun 18, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s captive insurance industry will have to keep a close eye on international tax rules, an expert said yesterday.
Richard Irvine, tax leader at professional services firm PwC, said: “Captives in Bermuda will need to continue to monitor the eve...
DATE: Jun 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Financial services investment firm Somers Ltd yesterday posted a $7.5 million loss for the six months to the end of March.
The firm — which owns the Bermuda Commercial Bank (BCB) and investment firm Waverton — said that valuation losses and negative ...
DATE: Jun 18, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new beauty and massage centre has opened for business.
Essentials@The Club — in the former Bersalon beauty salon — specialises in Thai treatments, some based on ancient techniques from the East.
The new venture is the brainchild of Gordon Gibbons a...
DATE: Jun 18, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Telecoms firm KeyTech was the most traded stock on The Royal Gazette/BSX.
A total of 26,700 shares in the firm were exchanged, however the share price remained unchanged at $2.80.
And 2,300 shares in insurance firm BF&M traded, moving its price down ...
DATE: Jun 18, 2015
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Raymond Hainey, Assistant News Editor
Investment firm Exor accused Bermuda takeover target PartnerRe of using “scare tactics” to boost votes for a rival bid by Axis Capital.
Yesterday’s move came after PartnerRe told preferred shareholders that the debt taken on by Exor as part of its $6...
DATE: Jun 17, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Global drinks giant Bacardi is to set up a new marketing “centre of excellence” in Bermuda.
The Bermuda centre of excellence is one of two, with the other being based in London.
The Island operation will be headed by Mauricio Vergara, the chief marke...
DATE: Jun 16, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda investment company is banking on an upturn in the economy as its revenue and market value both fell year on year.
Bermuda First Investment Company — which holds shares in Island firms — posted its results for the nine months to the end of M...
DATE: Jun 16, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
