2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
A Bermuda-based fund administrator has won a top European award.
Equinoxe Alternative Investment Services won ‘Best Administrator for Client Service under $30 billion’ in the HFMWeek European hedge fund services awards.
Equinoxe founder and CEO Steph...
DATE: Apr 30, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance and reinsurance firm Validus yesterday reported $173.4 million in profits for the first quarter of the year.
That is equivalent to $1.98 per share, compared to $162.4 million, or $1.66 per share, for the first three months of 2014.
Validus ...
DATE: Apr 30, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s credit rating took a hit yesterday after analysts lowered the Island’s ratings.
Ratings agency Standard & Poors (S&P) reduced Bermuda’s long term issuer credit and senior unsecured debt ratings to A+ from AA-, and said continued weak econom...
DATE: Apr 29, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A reinsurance chief with close links to Bermuda has won a top award in the US.
Barbara Bufkin, executive vice-president for business development at the US arm of Bermuda-based Hamilton Insurance Group, was honoured for her contribution to the advance...
DATE: Apr 29, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
America’s Cup chiefs are banking on Butterfield to provide financial smooth sailing.
For the Bank of Butterfield has been named the official bank of the America’s Cup.
The news means the bank will provide all banking services to the America’s Cup Eve...
DATE: Apr 29, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance and reinsurance giants XL today posted operating earnings of $194.4 million for the first quarter of the year — more than $44 million down on the same time last year.
Earnings per share were 75 cents a share and book value stood at $37.60 a...
DATE: Apr 29, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Axis today reported a jump in first-quarter profits by $19 million to $156 million.
The take for the first three months of 2015 compared to a figure of $137 million for the same period last year.
The figures are equivalent to $1.54 per common share, ...
DATE: Apr 29, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda roadshow aimed at highlighting the advantages of setting up captive insurance companies is to visit two Canadian cities next week.
And it is hoped the trip will bring new jobs to the Island.
The Bermuda Development Agency (BDA) tour — takin...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda law firm is to change its name to BeesMont.
ISIS Law, set up in 2008, made the switch after the same initials were later used to identify the terror group Islamic State in Iraq and Syria (ISIS).
The new name is a combination of the founders...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermudian spa is to take over operations at the Newstead Belmont Hills in a move that could create up to eight new jobs.
Three Graces Spa, owned by Roderick and Aisha Spencer, is working to revamp the spa at the Paget hotel. The firm already operat...
DATE: Apr 28, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
