2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
More than 200 leaders in alternative asset management and regulation will today kick off a two-day conference that is a first for Bermuda.
The Regulatory Compliance Association (RCA) Regulation, Operations and Compliance meeting — normally held in th...
DATE: Apr 23, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Shanghai stock market is set for a boom after Chinese government reforms, a top fund manager said yesterday.
And Aaron Boesky, CEO of Marco Polo Pure Asset Management, said that investors should look east as China cuts interest rates and pumps mo...
DATE: Apr 23, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A major conference next week will turn the spotlight on the need for “stress testing” of trusts.
Speakers at the event will include Narinder Hargun, director and co-chairman of Conyers Dill & Pearman globally, and Alec Anderson, the firm’s global hea...
DATE: Apr 23, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda insurance firm BF&M has sold off its international insurance arm.
The firm said it had offloaded Bermuda International Insurance Services to European life insurance firm Valor Group.
The BF&M business unit has now merged with the VL Assurance...
DATE: Apr 23, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s would-be business tycoons are key to the economic future of the country, the Chamber of Commerce heard yesterday.
And Dennis Fortnum, the Canada-based global head of KPMG Enterprise, which specialises in business start-ups, said that Island...
DATE: Apr 22, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance giant Ace yesterday posted first quarter profits of $681 million — down $53 million on the same period last year.
The firm reported operating after-tax operating income of $745 million for the three months to the end of March, down 4.2 per ...
DATE: Apr 22, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A double whammy from Hurricanes Fay and Gonzalo cost insurer BF&M more than $7 million.
But the firm still made a profit of close to $22 million last year, despite the massive payout.
BF&M CEO John Wight said: The financial effects of Hurricanes Fay ...
DATE: Apr 21, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Bank of Butterfield has been named Bermuda’s best bank by a prestige US financial magazine.
Global Finance picked Butterfield for the 2015 honour as part of its world’s best developed market awards.
Butterfield chairman and CEO Brendan McDonagh s...
DATE: Apr 21, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A security firm has opened the door to new business.
For Bermuda Security Group (BSG) has bought the electric door division of AlumiGlas Commercial Glass and Aluminum.
BSG chairman and president Herman Tucker said: “We are thrilled to strengthen our ...
DATE: Apr 20, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Global insurer Ace has appointed Bermudian Rees Fletcher as chairman of its Island arm.
Mr Fletcher’s new role is one of three promotions at the firm, with Joseph Clabby, who previously worked for Ace in Europe, stepping up to Mr Fletcher’s previous ...
DATE: Apr 20, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
