2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Bermuda’s struggling economy is expected grow this year for the first time in five years, according to forecasts from a prestige UK magazine.
The Economist predictions for the coming year said the Island should expect gross domestic product (GDP) gro...
DATE: Jan 17, 2014
|
CATEGORY:
Economy
|
AUTHOR:
Raymond Hainey, Assistant News Editor
A leading architects’ firm is to shut up shop it revealed yesterday.
Conyers & Associates (C&A) will close its doors at the start of March due to “personal circumstances”, a letter from president Charlita Saltus and managing director Malcolm Sutherla...
DATE: Jan 16, 2014
|
CATEGORY:
Local Business
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Total car sales increased last year — for the first time in six years.
But the total figure of 932 vehicles is still 54 percent down from pre-recession 2007, when 2,016 cars left the showrooms.
There were 39 more cars sold last year than in 2012 and ...
DATE: Jan 16, 2014
|
CATEGORY:
Local Business
|
AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda-based reinsurance firm has appointed a new chief financial officer.
American Overseas Group has signed up Rochelle Fyfe, formerly of Orpheus Group, also based in Bermuda, as chief financial officer.
Accountant Ms Fyfe, who is already a dire...
DATE: Jan 15, 2014
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda law firm has been admitted to a prestige listing of independent firms.
Appleby was appointed the exclusive Island member firm of Lex Mundi, a leading international network of law firms, after a vote by its board of directors.
Kieran Bell, m...
DATE: Jan 15, 2014
|
CATEGORY:
Other
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Global insurer Ace has spent $185 million to buy nearly two-thirds of a Thai insurance company.
And Ace, which has a major office in Hamilton, is lining up a bid for the rest of the company later in the year.
Ace took a 60.9 percent share of Siam Com...
DATE: Jan 15, 2014
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
Former US Army soldier Brian Duperreault is back in the trenches after retiring — twice.
Mr Duperreault is CEO of new reinsurer Hamilton Re, after he and a group of investors, including New York hedge fund firm Two Sigma, bought out the former SAC Re...
DATE: Jan 15, 2014
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
A multimillion dollar battle between a UK drugs company and two iconic Bermuda reinsurers could go to Britain’s Supreme Court.
Lawyers for AstraZeneca (AZ) have not ruled out taking the case to the highest UK court after the Commercial Court and Cour...
DATE: Jan 14, 2014
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
A special purpose reinsurer run by Bermuda-based Everest Re has smashed its target funding of $250 million by $120 million.
Everest Re said its Mt Logan Re arm had secured additional funding — bringing its total capacity to $370 million.
Mt Logan Re ...
DATE: Jan 13, 2014
|
CATEGORY:
Reinsurance
|
AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda-listed firm has issued $400 million worth of ten-year notes.
The issue was announced by Hong Kong Land Holdings, part of the Bermuda-domiciled Jardine Matheson empire.
The issue will be made through The Hong Kong Land Finance (Cayman Island...
DATE: Jan 13, 2014
|
CATEGORY:
International Business
|
AUTHOR:
Raymond Hainey, Assistant News Editor
