75874 results returned for search: "" category "Business"
Shares worth more than $1 million traded on The Royal Gazette/BSX Index.
A total of 128,062 Bank of Butterfield shares sold, leaving its price down five cents (2.8 per cent) at $1.75.
And 50,000 shares in financial services holding firm Somers Ltd, w...
DATE: Aug 14, 2015
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Reuters) — Bermuda-based insurers may be among the bidders as US bank Wells Fargo & Co prepares to divest its crop insurance business, one of the biggest in the US.
According to sources with knowledge of the matter, the bank has launched an...
DATE: Aug 13, 2015
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CATEGORY:
Reinsurance
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Ratings agency AM Best has withdrawn its rating on Bermuda-based hedge fund-backed reinsurer PaCRe at the company’s request.
PaCRe, backed by the John Paulson hedge fund and Validus Re, was placed under review with negative implications in January du...
DATE: Aug 13, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Maintenance costs at LF Wade International Airport are rising “exponentially” and each time a major hurricane hits the Island taxpayers will incur millions of dollars in repair costs, Finance Minister Bob Richards has warned.
The vulnerability of the...
DATE: Aug 13, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Italian company that won a bidding war for Bermuda’s PartnerRe reinsurance firm has bought up a $448 million stake in a prestigious British business magazine.
Exor, controlled by the billionaire Agnelli family, has become the largest shareholder ...
DATE: Aug 13, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Fairmont Hamilton Princess has signed up a new pastry chef.
Frenchman Kevin Pannier specialises in combining science with the culinary arts to create unique dishes and he will be responsible for overseeing the dessert menu at 1609, the Crown & An...
DATE: Aug 13, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of 50,000 shares in financial services holding company Somers Ltd changed hands on The Royal Gazette/BSX Index.
The trade was worth $622,500 and it left Somers, which controls the Bermuda Commercial Bank, down 25 cents (1.9 per cent) at $13.2...
DATE: Aug 13, 2015
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CATEGORY:
Bermuda Stock Exchange
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Insurance giant XL Catlin has bought up a US-based insurer specialising in entertainment.
The firm’s XL America has acquired Allied International Holdings, the holding company of Allied Specialty Insurance and THE Insurance, a leading insurer of the ...
DATE: Aug 12, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda’s first food court has opened its doors and the response from the public has been far beyond what the owners had anticipated.
After a number of delays Eateries, on the lower level of Washington Mall, launched this week with a soft opening to ...
DATE: Aug 12, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
Landscape gardening firm Brown & Company has hired a new manager.
The firm, which also specialises in tree surgery, has taken on Dale Toms to head its arboricultural work.
Company chief Martin Brown said: “Dale is keen to maintain and develop the ski...
DATE: Aug 12, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
