76382 results returned for search: "" category "Business"
Butterfield Bank shares surged more than 25 per cent in Bermuda Stock Exchange trading today as the bank launched its $250 million initial public offering on the New York Stock Exchange.
The bank closed up $4.95 at $24.25, as 172,756 shares were exch...
DATE: Sep 16, 2016
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CATEGORY:
Bermuda Stock Exchange
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Butterfield Bank got off to a flying start with its initial public offering of shares in New York this morning.
After Michael Dunkley, the Premier, and Michael Collins, Butterfield’s chief executive officer, rang the opening bell at the New York Sto...
DATE: Sep 16, 2016
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CATEGORY:
International Business
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Somers Ltd, parent company of Bermuda Commercial Bank, intends to buy a majority stake in Australian financial institution Resimac Ltd for $88.5 million.
The Bermudian-based company announced it had agreed to acquire a 79 per cent stake in Resimac f...
DATE: Sep 16, 2016
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CATEGORY:
International Business
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Bottom Line Magazine: Bermuda’s Top Ten Employers ( Photograph by Akil Simmons)
DATE: Sep 15, 2016
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CATEGORY:
Other
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A major conference on the state of the reinsurance industry is to be held in November.
Bermuda Reinsurance, the eleventh of its kind to be held on the island, will feature top figures from the industry discussing issues like the impact of the UK’s de...
DATE: Sep 15, 2016
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CATEGORY:
Other
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The insurance industry has to get leaner and make greater use of technology, according to industry veteran Brian Duperreault.
Mr Duperreault, chairman of Hamilton Insurance Group, said: “Our delivery of our product is grossly over-expensed.
“We are n...
DATE: Sep 15, 2016
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A former top US basketball player and a writer for hit cartoon show The Simpsons are to take part in an alternative investment conference at the end of the month.
Ex-Baltimore Bullets and New York Knicks player Earl “The Pearl” Monroe, now an entrepr...
DATE: Sep 15, 2016
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
In the investment management industry women account for only 20 per cent of the membership, compared with 34 per cent in the legal profession and 50 per cent of accountants.
The comparatively low percentage of women in the investment management space...
DATE: Sep 15, 2016
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CATEGORY:
International Business
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AUTHOR:
Scott Neil
Travellers from Bermuda who encounter a problem with new self-service check-in kiosks at JetBlue’s T5 terminal in JFK International Airport should opt for a nearby kiosk assistance desk, not the general help desk, for a speedier solution.
That is the...
DATE: Sep 15, 2016
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Representatives from the Bermuda Monetary Authority and ten major reinsurance companies took part in a recent brainstorming session led by global blockchain technology consortium R3.
The workshop, held at Bermuda Business Development Agency offices l...
DATE: Sep 15, 2016
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CATEGORY:
Reinsurance
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