2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Butterfield Bank has bought over a multibillion dollar trust and corporate services business in Guernsey — its first buy since the global financial crisis started to bite in 2007.
The Bermuda bank has agreed terms with Legis Group Holdings and is exp...
DATE: Jan 13, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda-based company has changed the name of a multi-billion dollar London subsidiary.
Somers Ltd — itself formerly known as Bermuda National Ltd, owner of the Bermuda Commercial Bank — announced its JO Hambro Investments Management, which has $7 ...
DATE: Jan 13, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A telecoms firm is to bring in a new hi-tech radio system for the Island’s emergency services, its new general manager Brian Gonsalves said yesterday.
East End Telecoms, which already supplies police, the fire service and ambulance with radio equipme...
DATE: Jan 10, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurers paid out $31 billion in catastrophe losses last year — 25 billion below the long-term average losses, the world’s biggest reinsurer revealed yesterday.
Munich Re — which has just launched a $63 billion sidecar listed on the Bermuda Stock Exc...
DATE: Jan 09, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance firm Validus has launched a $160 million joint venture called AlphaCat 2014.
The special purpose vehicle will be used to write collateralised reinsurance and retrocessional contracts for the new renewal season.
The pot is made up of $138 mi...
DATE: Jan 09, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Hairdressing veteran Ginny Jessey has cut loose on her own.
The stylist will cut the ribbon on her first salon in her own name tomorrow after 20 years in the Bermuda hairdressing business.
Ms Jessey said: “You get to the point where you outgrow just ...
DATE: Jan 09, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The former chairman of the one-time biggest banking and financial services group in the world is to become chairman of a new Bermuda-based reinsurer, it was revealed yesterday.
Sandy Weill, who retired as chairman of US-based Citigroup in 2006, will ...
DATE: Jan 09, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Car sales jumped by more than a quarter at the end of last year — a sign that the economy is on the mend, according to vehicle sellers.
Glen Smith, head of Auto Solutions, said: “There is a recovery — there are a lot of cars coming to the end of thei...
DATE: Jan 08, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A restaurant chain has linked up with Island cinemas to offer a money-saving dinner and movie package — plus the chance to win a trip to New York.
Island Restaurant Group (IRG) — which owns Victoria Grill in Hamilton and Dockyard’s Frog & Onion — has...
DATE: Jan 07, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A luxury home owned by a prominent Bermuda businessman is up for sale with a price tag of nearly $7 million.
Spanish Grange, in Smith’s Parish, is the home of Longtail Aviation chairman Robert Mulderig, and the former home of famous English playwrigh...
DATE: Jan 07, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
