2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Bermuda’s oldest electrical contractor has been bought out.
Bermuda Air Conditioning (BAC) Group has stuck a deal to take over Universal Electric Ltd (UEL).
The joint firm will now be known as BAC Universal Electric Ltd.
BAC Group managing director C...
DATE: Jan 26, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The boss of a software engineering firm is to take over as chairman of a charity aimed at helping young people establish a career in IT.
Sandra DeSilva has been appointed to head the Technology Leadership Forum (TLF), replacing Dion Tucker, who has ...
DATE: Jan 26, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A bid to boost the standards of company directors in Bermuda has been launched.
Financial services firm KPMG has teamed up with the Island branch of the Institute of Directors (IoD) to support professional development in the boardroom.
The move means...
DATE: Jan 23, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Three-quarters of Bermuda’s hotel chiefs believe that 2015 and 2016 will see a period of “meaningful growth” in the industry — buoyed by the award of the 2017 America’s Cup to Bermuda.
And around two-thirds of the Island’s hoteliers told KPMG they ha...
DATE: Jan 22, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Rugby fan Mike McGavick tackled the problems of ailing global business insurer XL Group head-on after he was appointed CEO nearly seven years ago.
And last night his performance was recognised with a prestigious award in New York.
But Mr McGavick, wh...
DATE: Jan 22, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Third Point Re senior underwriter Bryan Bumsted has died after a brave battle against kidney cancer.
Mr Bumsted — a 37-year-old father of two — passed away on Sunday, January 11.
A spokeswoman for Third Re said: “As well as a successful business exec...
DATE: Jan 22, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A rescue package to save struggling broadcaster Bermuda Broadcasting Company (BBC) will buy out the company’s investors for ten cents a share, The Royal Gazette can reveal.
Mayfair Ltd — like the BBC, controlled by the Perry family — has kept the TV ...
DATE: Jan 21, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Global markets will face a major shake-up this year, a professional services firm chief said yesterday.
Arthur Wightman, head of the Bermuda office of PwC, said changes in technology and the need to compete in new markets would change the face of bus...
DATE: Jan 21, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Two Bermuda air conditioning salesmen have won international awards.
Air Care staff Marlyn Kelch and Reggie Weeks both won Linc Diamond Awards for hitting more than $2.3 million in sales in a year.
Mr Kelch — a five-time winner in the annual awards —...
DATE: Jan 21, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The number of work permits granted each year dropped by more than 6,800 in just six years, according to Government statistics released yesterday.
The report showed that the estimated number of work permits issued peaked at 18,131 in 2007 — but had dr...
DATE: Jan 20, 2015
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
