75883 results returned for search: "" category "Business"
Reinsurance firm Arch is considering a $6.56 billion bid for rival firm Axis Capital, according to a UK newspaper report.
Axis is locked in a two-way tussle with Italian investment firm Exor for control of another Bermuda-based reinsurer PartnerRe.
S...
DATE: Jun 19, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new design-build competition backed by architects and construction firms has been launched.
‘Benched’, which is aimed at students in high school and university, will entail designers, builders and students teaming together to design and create a be...
DATE: Jun 19, 2015
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CATEGORY:
Other
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Utilities firm Ascendant saw 7,100 shares change hands on The Royal Gazette/BSX.
The trades left the firm’s share price unchanged at $5.
The only other trade was 100 Bank of Butterfield preference shares, which also left the price unchanged at $1,135...
DATE: Jun 19, 2015
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CATEGORY:
Other
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Reinsurance firm PartnerRe yesterday urged its shareholders to back a merger with rival Axis Capital — and accused hostile bidder Exor of “misleading or outright false statements”.
The attack on the Italian investment firm, which launched a $6.8 bill...
DATE: Jun 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new philanthropy group for women in business will launch next week.
The new group 100 Women in Hedge Funds (100WHF) has already notched up more than 100 members and will officially launch at the Global Hedge Fund Forum, to be held at the Fairmont S...
DATE: Jun 18, 2015
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Major flooding in southern regions of the US and parts of Australia, a killer heatwave in India and a powerful earthquake in Nepal were among the costliest catastrophes in May.
Texas and Oklahoma endured the wettest May on record, with flooding hitti...
DATE: Jun 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Scott Neil
The traditional, and the most frequently used, method for an overseas company to establish a presence in Bermuda is to do so by incorporating a Bermuda subsidiary.
There is, however, an alternative.
Generally, as a matter of Bermuda law, an oversea...
DATE: Jun 18, 2015
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CATEGORY:
Other
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Bermuda’s captive insurance industry will have to keep a close eye on international tax rules, an expert said yesterday.
Richard Irvine, tax leader at professional services firm PwC, said: “Captives in Bermuda will need to continue to monitor the eve...
DATE: Jun 18, 2015
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
Financial services investment firm Somers Ltd yesterday posted a $7.5 million loss for the six months to the end of March.
The firm — which owns the Bermuda Commercial Bank (BCB) and investment firm Waverton — said that valuation losses and negative ...
DATE: Jun 18, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A new beauty and massage centre has opened for business.
Essentials@The Club — in the former Bersalon beauty salon — specialises in Thai treatments, some based on ancient techniques from the East.
The new venture is the brainchild of Gordon Gibbons a...
DATE: Jun 18, 2015
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
