2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Bermuda’s current account fell by $108 million in the second quarter of the year compared to the same period in 2013, the latest Government figures have revealed.
The current account stood at $215 million in the quarter which finished at the end of J...
DATE: Oct 24, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance firm Freisenburch-Meyer is dealing with an estimated 18 months’ worth of claims in the space of a week after Bermuda was hit by two storms.
Now staff at the Front Street firm are processing claims and visiting clients whose homes suffered i...
DATE: Oct 23, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Wireless services firm CellOne’s 4G network is expected to be fully up to speed by the end of the day.
CEO Frank Amaral said the CDMA network was already fully restored, while the 2G system and EasyConnect stood at 80 percent operational.
He added: ...
DATE: Oct 23, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda was back to business within 48 hours of a hit from Hurricane Gonzalo, company executives said yesterday.
Graham Pewter, head of insurance and reinsurance firm Catlin, said the Island had prepared well for Gonazalo after an unexpected impact f...
DATE: Oct 22, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s biggest property insurer has been flooded with calls in the wake of Hurricane Gonzalo.
And the firm took more than 250 calls in two hours after its Pitts Bay Road HQ opened for business yesterday morning — with more than 1,000 logged by the...
DATE: Oct 21, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
It could be weeks or even months before the final cost of Hurricane Gonzalo is known as claims continue to come in, according to one of the Island’s insurance companies.
The Colonial Group opened for business on Saturday morning and since then has se...
DATE: Oct 20, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of 1,500 shares in the Bank of Butterfield traded on the BSX today.
The share sale, worth $2,985, left the bank’s shares unchanged at $1.99.
The Royal Gazette/BSX Index closed the day unchanged at 1,378.97.
The BSX Insurance Index stood at 1,...
DATE: Oct 20, 2014
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s business world will today batten down the hatches as Hurricane Gonzalo heads for the Island.
Three banks — HSBC, Butterfield and Clarien — will all close at 1pm and remain closed on Friday, while major firms like Ace, XL and the Gibbons Com...
DATE: Oct 16, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s Chamber of Commerce today old members to make sure they had plans in place to protect their businesses and staff as Hurricane Gonzalo looms on the horizon.
A spokeswoman for the business body said that the Chamber’s advice was that busines...
DATE: Oct 15, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s banks are to close early tomorrow as Hurricane Gonzalo takes aim at Bermuda.
All three main banks - HSBC, Butterfield and Clarien - will close at 1pm on Thursday.
HSBC said it would reopen “when it is deemed safe for our employees and cust...
DATE: Oct 15, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
