75870 results returned for search: "" category "Business"
Global speciality insurer Torus is to change its name to StarStone.
The holding company for the firm and its six insurance platforms spread across London, Europe and the US, as well as other group companies will also adopt the new brand and logo.
The...
DATE: Sep 15, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Cutting the cloth. If I have learned anything about small business and entrepreneurs as well as families, institutions, and government over the past 30 years it is that debt kills! Too much debt smothers your confidence, diminishes your energy and in...
DATE: Sep 15, 2015
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CATEGORY:
Other
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Rum company Gosling’s yesterday raised a glass after its iconic Dark ‘n’ Stormy cocktail came 11th in a round-up of the top 50 cocktails.
Prestigious industry magazine Drinks International polled the top 50 bars in the world from a previous poll to f...
DATE: Sep 15, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Kiskadee arm of Bermuda-based Hiscox has launched a new reinsurer.
Cardinal Re, which is based in Bermuda, will operate as a special purpose insurer designed to turn collateralised insurance and reinsurance risk into a security aimed at capital m...
DATE: Sep 15, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Hiscox has merged its Bermuda and London Market casualty reinsurance teams. The new division will operate under the Hiscox Re brand and will be led by Nick Pascall as head of casualty reinsurance.
The division controls a combined portfolio of $50 mi...
DATE: Sep 15, 2015
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CATEGORY:
Reinsurance
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Financial services investment firm Somers Ltd has moved into a positive year-to-date position for its investments after a strong performance by Private & Commercial Finance Group (PCFG).
Somers recorded net income of $8.6 million in the third quarter...
DATE: Sep 15, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
A total of 39,500 shares worth $164,220 today traded on the Bermuda Stock Exchange (BSX).
The biggest mover was insurance firm Argus, which closed up 20 cents (0.1 per cent) at $4 after 36,500 shares moved.
The Bank of Butterfield was one cent down a...
DATE: Sep 15, 2015
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CATEGORY:
Other
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A water supply pipeline loop around Somerset Island has been completed by Watlington Water.
The company has installed more than 40,000 feet of new pipeline in the western parishes since July 2010, and finished the Somerset loop earlier this year, acc...
DATE: Sep 15, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Butterfield Trust, part of the Butterfield Group, has been named trust company of the year by the Society of Trust and Estate Practioners (STEP).
“We are honoured that Butterfield Trust has been recognised by our peer-professionals as trust company o...
DATE: Sep 15, 2015
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CATEGORY:
Other
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Back-to-back hurricanes and the closure of the Bermuda Sun newspaper were among factors that impacted the Island’s gross domestic product in 2014.
Bermuda’s GDP fell 0.4 per cent in real terms last year, final estimates show. While still in negative...
DATE: Sep 15, 2015
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CATEGORY:
Other
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AUTHOR:
Scott Neil
