75883 results returned for search: "" category "Business"
The chairman of Bermuda professional services firm EY stepped down yesterday after nearly 40 years with the company.
The firm said Gil Tucker, made chairman last year after seven years as managing partner, had decided to retire.
Now EY has announced ...
DATE: Jul 01, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Insurance firm Ace has agreed to buy out a major US-based insurer in a $28.3 billion deal.
The move means Ace, which has an office in Bermuda, will have a 70 per cent stake in New Jersey-based Chubb after the deal closes.
The new firm will use the Ch...
DATE: Jul 01, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A total of 13,500 shares in the Bank of Butterfield changed hands on The Royal Gazette/BSX.
The trade left the bank’s price unchanged at $1.65.
The Royal Gazette/BSX also closed unchanged at 1,193.97.
The BSX Insurance Index was up 26.24 points (1.68...
DATE: Jul 01, 2015
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based Meritus Trust Company Ltd has been shortlisted for the “Independent Trust Company of the Year” category of the 2015/2016 Society of Trusts and Estate Practitioners (STEP) Private Client Awards.
STEP is the leading worldwide professiona...
DATE: Jul 01, 2015
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CATEGORY:
International Business
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A Bermuda company has a $2 billion plan to lead the Island to energy independence within ten years.
The ambitious project, which aims to give the Island an electricity supply fuelled entirely by renewable sources, has been in the works for two years....
DATE: Jun 30, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Shares of Bermuda-based bond insurer Assured Guaranty plunged more than 13 per cent in New York trading yesterday after Puerto Rico’s Governor described the island’s $72 billion debt as “unpayable”.
Assured had $4.9 billion of par exposure to Puerto...
DATE: Jun 30, 2015
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Most of us have heard of the famous Aesop fable, ‘The Tortoise and The Hare.’
The boastful hare always bragged how fast he was, until one day a tortoise, tired of hearing the hare boast, challenged him to a race.
The hare, thinking he had things und...
DATE: Jun 30, 2015
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CATEGORY:
Other
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With its brightly coloured shop front it is virtually impossible to miss the new party supplies store ‘B4 The Party’ on King Street — and that is precisely the effect owner Shadai Simmons wanted to create.
The bold, multicoloured stripes on the outsi...
DATE: Jun 30, 2015
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CATEGORY:
Local Business
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AUTHOR:
Scott Neil
A total of 2,000 shares in insurance group Argus today changed hands on the Bermuda Stock Exchange.
The trade left the firm’s price up ten cents, or 2.7 per cent, at $3.80.
The Royal Gazette/BSX Index closed up 1.99 points (0.17 per cent) at 1,193.97...
DATE: Jun 30, 2015
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CATEGORY:
Bermuda Stock Exchange
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Two firms with a Bermuda presence are to merge in an $8.7 billion deal.
Insurance and reinsurance broker Willis Group Holdings is to join forces in an all-stock transaction with professional services firm Towers Watson to add consulting operations an...
DATE: Jun 30, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
