2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Business Development Agency (BDA) chief Stephen Lund has quit his post after just seven months to return to his homeland of Canada.
Now deputy chairman David Cash will take over as CEO of the organisation while it recruits a successor.
BDA chairman C...
DATE: Feb 14, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
St Valentine’s day has got the hearts of retailers beating faster.
But its strictly business for Island stores and florists, who are gearing up for a sales boost as the Island wears its heart on its sleeve.
And tradition plays a big part, with tradit...
DATE: Feb 13, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Global financial services firm KPMG has paid $8.2 million to settle a US finance industry watchdog’s allegations that it broke rules designed to keep auditors from getting too close to their clients.
Now the Securities and Exchange Commission (SEC) h...
DATE: Feb 13, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A $2.4 billion deal to take over a telecoms company was the biggest deal struck in Bermuda in the last quarter of 2013, a top law firm said yesterday.
The buyout of CSL New World Mobility by Caymans-based HKT was the chart topper in a quarter that sa...
DATE: Feb 13, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Argo Group earned net income of $143.2 million for last year compared to $52.3 million recorded for 2012.
Gross written premiums for the year totalled $1.9 billion — 8.2 percent up on the $142.7 million the year before.
Estimated pre-tax catastrophe ...
DATE: Feb 12, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based Arch Capital raked in nearly $688 million last year, the firm’s results have revealed.
The global insurer and reinsurer reported net income available to shareholders of $687.8 million, or $5.07 per share.
That compares to net income of ...
DATE: Feb 12, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
HSBC has slapped a new redemption fee of up to three percent on one of its money funds.
But HSBC said the charge would only apply in “exceptional circumstances” to avoid to a run on the funds in a financial crisis.
But one customer, who asked not to ...
DATE: Feb 12, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda insurance group Hamilton has hired a graduate of the US military training school West Point to lead its battle for business in America.
Conan Ward, who worked in Bermuda for several years, moves to recently-founded Hamilton from his own consu...
DATE: Feb 12, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Shipping firm BCL has suspended plans to change its US port to Philadelphia after a labour dispute broke out between dock workers and management at the US port.
Now the firm’s MV Oleander will continue to ship goods from New York/New Jersey’s Port El...
DATE: Feb 12, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Minister of Finance Bob Richards will be the star speaker at the annual post-Budget breakfast held by the Chamber of Commerce.
Mr Richards — who will present the first full OBA Budget in the House of Assembly three days earlier — will explain his bl...
DATE: Feb 12, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
